James W. Iv Cross Purchases 7,200 Shares of FB Financial Co. (NYSE:FBK) Stock

FB Financial Co. (NYSE:FBK) Director James W. Iv Cross bought 7,200 shares of FB Financial stock in a transaction on Wednesday, April 16th. The stock was acquired at an average price of $40.49 per share, with a total value of $291,528.00. Following the completion of the purchase, the director now directly owns 61,278 shares of the company’s stock, valued at approximately $2,481,146.22. The trade was a 13.31 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

FB Financial Stock Up 0.2 %

Shares of NYSE FBK opened at $40.56 on Friday. FB Financial Co. has a 12 month low of $34.50 and a 12 month high of $58.88. The company has a market cap of $1.89 billion, a P/E ratio of 16.42 and a beta of 0.92. The business’s 50 day moving average is $46.58 and its two-hundred day moving average is $50.21.

FB Financial (NYSE:FBK) last announced its earnings results on Monday, April 14th. The financial services provider reported $0.85 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.85. FB Financial had a net margin of 15.18% and a return on equity of 10.43%. The business had revenue of $130.67 million for the quarter, compared to analyst estimates of $132.28 million. During the same quarter in the previous year, the firm posted $0.85 earnings per share. Sell-side analysts expect that FB Financial Co. will post 3.64 earnings per share for the current fiscal year.

FB Financial Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, February 25th. Investors of record on Tuesday, February 11th were paid a $0.19 dividend. This represents a $0.76 annualized dividend and a dividend yield of 1.87%. The ex-dividend date was Tuesday, February 11th. This is a boost from FB Financial’s previous quarterly dividend of $0.17. FB Financial’s dividend payout ratio (DPR) is presently 27.94%.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on FBK shares. Hovde Group upgraded shares of FB Financial from a “market perform” rating to an “outperform” rating and decreased their price objective for the stock from $60.00 to $59.00 in a report on Tuesday, April 1st. Piper Sandler decreased their price target on FB Financial from $60.00 to $58.00 and set an “overweight” rating for the company in a research note on Thursday. Stephens cut their price objective on FB Financial from $65.00 to $58.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 2nd. StockNews.com raised FB Financial from a “sell” rating to a “hold” rating in a research report on Wednesday, January 22nd. Finally, Keefe, Bruyette & Woods dropped their price target on shares of FB Financial from $58.00 to $52.00 and set a “market perform” rating on the stock in a research report on Thursday. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $53.80.

Institutional Investors Weigh In On FB Financial

A number of institutional investors have recently added to or reduced their stakes in FBK. FMR LLC lifted its position in shares of FB Financial by 42.0% in the 3rd quarter. FMR LLC now owns 7,129 shares of the financial services provider’s stock worth $335,000 after acquiring an additional 2,109 shares during the period. Stifel Financial Corp lifted its position in FB Financial by 0.4% in the third quarter. Stifel Financial Corp now owns 80,665 shares of the financial services provider’s stock worth $3,786,000 after purchasing an additional 356 shares during the period. Jane Street Group LLC boosted its stake in FB Financial by 120.6% during the third quarter. Jane Street Group LLC now owns 71,487 shares of the financial services provider’s stock worth $3,355,000 after buying an additional 39,086 shares in the last quarter. Y Intercept Hong Kong Ltd bought a new stake in FB Financial in the 3rd quarter valued at $346,000. Finally, Barclays PLC raised its stake in shares of FB Financial by 58.3% in the 3rd quarter. Barclays PLC now owns 94,062 shares of the financial services provider’s stock valued at $4,415,000 after buying an additional 34,633 shares in the last quarter. 65.40% of the stock is owned by institutional investors and hedge funds.

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.