FB Financial Co. (NYSE:FBK) Major Shareholder James W. Ayers Buys 2,000 Shares

FB Financial Co. (NYSE:FBK) major shareholder James W. Ayers acquired 2,000 shares of FB Financial stock in a transaction on Tuesday, March 4th. The shares were bought at an average cost of $48.51 per share, for a total transaction of $97,020.00. Following the completion of the transaction, the insider now owns 10,931,841 shares in the company, valued at approximately $530,303,606.91. This trade represents a 0.02 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Large shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.

FB Financial Trading Down 1.2 %

FB Financial stock opened at $47.77 on Thursday. The company has a market capitalization of $2.23 billion, a price-to-earnings ratio of 19.34 and a beta of 1.15. The business’s fifty day simple moving average is $51.54 and its two-hundred day simple moving average is $50.76. FB Financial Co. has a 12 month low of $33.35 and a 12 month high of $58.88.

FB Financial (NYSE:FBK) last issued its earnings results on Tuesday, January 21st. The financial services provider reported $0.85 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.84 by $0.01. FB Financial had a net margin of 15.18% and a return on equity of 10.43%. On average, equities research analysts predict that FB Financial Co. will post 3.64 EPS for the current year.

FB Financial Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, February 25th. Shareholders of record on Tuesday, February 11th were paid a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a yield of 1.59%. This is an increase from FB Financial’s previous quarterly dividend of $0.17. The ex-dividend date of this dividend was Tuesday, February 11th. FB Financial’s dividend payout ratio (DPR) is currently 30.77%.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Point72 Asset Management L.P. purchased a new position in FB Financial in the 3rd quarter worth about $47,000. GAMMA Investing LLC grew its stake in shares of FB Financial by 45.2% in the fourth quarter. GAMMA Investing LLC now owns 1,008 shares of the financial services provider’s stock worth $52,000 after acquiring an additional 314 shares during the period. Sterling Capital Management LLC raised its holdings in shares of FB Financial by 810.6% during the fourth quarter. Sterling Capital Management LLC now owns 1,120 shares of the financial services provider’s stock valued at $58,000 after purchasing an additional 997 shares during the last quarter. KBC Group NV lifted its position in FB Financial by 36.2% during the fourth quarter. KBC Group NV now owns 2,090 shares of the financial services provider’s stock valued at $108,000 after purchasing an additional 555 shares during the period. Finally, Point72 DIFC Ltd purchased a new stake in FB Financial in the third quarter worth approximately $110,000. Hedge funds and other institutional investors own 65.40% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on FBK shares. StockNews.com raised FB Financial from a “sell” rating to a “hold” rating in a research report on Wednesday, January 22nd. Keefe, Bruyette & Woods increased their price objective on FB Financial from $50.00 to $58.00 and gave the stock a “market perform” rating in a report on Wednesday, December 4th. Finally, Hovde Group cut shares of FB Financial from an “outperform” rating to a “market perform” rating and set a $60.00 target price on the stock. in a report on Monday, November 18th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $50.20.

FB Financial Company Profile

FB Financial Corporation operates as a bank holding company for FirstBank that provides a suite of commercial and consumer banking services to businesses, professionals, and individuals. The company operates in segments, such as Banking and Mortgage. It offers checking, demand, money market, and savings accounts; deposit and lending products and services to corporate, commercial, and consumer customers; and time deposits and certificates of deposits, as well as residential mortgage loans.