FB Financial Co. (NYSE:FBK) Major Shareholder Buys $100,520.00 in Stock

FB Financial Co. (NYSE:FBK) major shareholder James W. Ayers purchased 2,000 shares of the firm’s stock in a transaction dated Wednesday, January 8th. The shares were bought at an average price of $50.26 per share, for a total transaction of $100,520.00. Following the completion of the transaction, the insider now owns 10,915,841 shares of the company’s stock, valued at approximately $548,630,168.66. This trade represents a 0.02 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Large shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.

FB Financial Stock Down 2.9 %

NYSE FBK opened at $48.82 on Friday. The stock’s 50 day moving average is $53.99 and its 200 day moving average is $48.33. The firm has a market capitalization of $2.28 billion, a PE ratio of 21.32 and a beta of 1.16. FB Financial Co. has a twelve month low of $33.35 and a twelve month high of $58.88.

FB Financial (NYSE:FBK) last announced its earnings results on Tuesday, October 15th. The financial services provider reported $0.86 earnings per share for the quarter, beating analysts’ consensus estimates of $0.82 by $0.04. The business had revenue of $169.13 million during the quarter, compared to the consensus estimate of $127.44 million. FB Financial had a net margin of 14.40% and a return on equity of 10.38%. During the same quarter last year, the firm earned $0.71 earnings per share. On average, research analysts anticipate that FB Financial Co. will post 3.38 earnings per share for the current year.

FB Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, November 19th. Investors of record on Tuesday, November 5th were issued a $0.17 dividend. The ex-dividend date was Tuesday, November 5th. This represents a $0.68 dividend on an annualized basis and a yield of 1.39%. FB Financial’s payout ratio is currently 29.69%.

Analyst Upgrades and Downgrades

Several research firms have weighed in on FBK. StockNews.com cut FB Financial from a “hold” rating to a “sell” rating in a report on Friday, November 8th. Keefe, Bruyette & Woods lifted their target price on shares of FB Financial from $50.00 to $58.00 and gave the company a “market perform” rating in a research report on Wednesday, December 4th. Finally, Hovde Group lowered shares of FB Financial from an “outperform” rating to a “market perform” rating and set a $60.00 price target on the stock. in a report on Monday, November 18th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $50.20.

Institutional Trading of FB Financial

Institutional investors have recently added to or reduced their stakes in the business. Dimensional Fund Advisors LP increased its position in shares of FB Financial by 5.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,937,631 shares of the financial services provider’s stock valued at $75,623,000 after purchasing an additional 106,553 shares during the last quarter. Millennium Management LLC increased its holdings in FB Financial by 259.9% during the second quarter. Millennium Management LLC now owns 118,569 shares of the financial services provider’s stock valued at $4,628,000 after buying an additional 85,620 shares during the last quarter. Salzhauer Michael bought a new position in FB Financial in the second quarter worth approximately $2,596,000. Wasatch Advisors LP boosted its stake in shares of FB Financial by 4.7% during the 3rd quarter. Wasatch Advisors LP now owns 1,225,838 shares of the financial services provider’s stock worth $57,529,000 after acquiring an additional 55,071 shares during the last quarter. Finally, Rosenthal Henry Capital Advisors Inc. bought a new stake in shares of FB Financial during the 3rd quarter valued at $1,935,000. 65.40% of the stock is currently owned by hedge funds and other institutional investors.

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.