James W. Ayers Purchases 2,000 Shares of FB Financial Co. (NYSE:FBK) Stock

FB Financial Co. (NYSE:FBK) major shareholder James W. Ayers purchased 2,000 shares of the company’s stock in a transaction dated Wednesday, January 8th. The shares were acquired at an average price of $50.26 per share, for a total transaction of $100,520.00. Following the purchase, the insider now owns 10,915,841 shares in the company, valued at $548,630,168.66. The trade was a 0.02 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Major shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.

FB Financial Stock Performance

FB Financial stock opened at $48.82 on Friday. The business’s 50-day simple moving average is $53.99 and its 200-day simple moving average is $48.41. FB Financial Co. has a 52 week low of $33.35 and a 52 week high of $58.88. The firm has a market capitalization of $2.28 billion, a PE ratio of 21.32 and a beta of 1.16.

FB Financial (NYSE:FBK) last issued its quarterly earnings results on Tuesday, October 15th. The financial services provider reported $0.86 EPS for the quarter, topping analysts’ consensus estimates of $0.82 by $0.04. The company had revenue of $169.13 million during the quarter, compared to analyst estimates of $127.44 million. FB Financial had a return on equity of 10.38% and a net margin of 14.40%. During the same period in the previous year, the company earned $0.71 earnings per share. Research analysts forecast that FB Financial Co. will post 3.38 earnings per share for the current year.

FB Financial Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, November 19th. Shareholders of record on Tuesday, November 5th were given a $0.17 dividend. The ex-dividend date of this dividend was Tuesday, November 5th. This represents a $0.68 annualized dividend and a yield of 1.39%. FB Financial’s dividend payout ratio is 29.69%.

Hedge Funds Weigh In On FB Financial

Several institutional investors and hedge funds have recently added to or reduced their stakes in FBK. Dimensional Fund Advisors LP boosted its stake in FB Financial by 5.8% during the second quarter. Dimensional Fund Advisors LP now owns 1,937,631 shares of the financial services provider’s stock worth $75,623,000 after buying an additional 106,553 shares in the last quarter. Wasatch Advisors LP lifted its holdings 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 period. Geode Capital Management LLC lifted its holdings in shares of FB Financial by 0.9% during the 3rd quarter. Geode Capital Management LLC now owns 815,361 shares of the financial services provider’s stock worth $38,272,000 after acquiring an additional 7,021 shares during the period. Charles Schwab Investment Management Inc. boosted its position in shares of FB Financial by 4.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 373,345 shares of the financial services provider’s stock valued at $17,521,000 after acquiring an additional 14,797 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC increased its stake in FB Financial by 7.4% in the third quarter. Allspring Global Investments Holdings LLC now owns 229,829 shares of the financial services provider’s stock valued at $10,786,000 after acquiring an additional 15,739 shares during the period. 65.40% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on FBK. StockNews.com cut shares of FB Financial from a “hold” rating to a “sell” rating in a report on Friday, November 8th. Hovde Group downgraded FB Financial from an “outperform” rating to a “market perform” rating and set a $60.00 price target for the company. in a research note on Monday, November 18th. Finally, Keefe, Bruyette & Woods raised their price objective on FB Financial from $50.00 to $58.00 and gave the company a “market perform” rating in a research note on Wednesday, December 4th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company. According to MarketBeat, FB Financial currently has a consensus rating of “Hold” and a consensus 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.