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

FB Financial Co. (NYSE:FBK) major shareholder James W. Ayers purchased 2,000 shares of the business’s stock in a transaction on Friday, November 8th. The shares were bought at an average cost of $55.70 per share, for a total transaction of $111,400.00. Following the completion of the transaction, the insider now directly owns 10,908,841 shares in the company, valued at $607,622,443.70. This trade represents a 0.00 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this link. Large shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.

FB Financial Price Performance

FB Financial stock opened at $57.20 on Wednesday. FB Financial Co. has a 12 month low of $30.01 and a 12 month high of $58.46. The stock has a market capitalization of $2.67 billion, a PE ratio of 24.93 and a beta of 1.12. The business has a 50 day simple moving average of $48.03 and a 200-day simple moving average of $43.30.

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 the consensus estimate 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 net margin of 14.40% and a return on equity of 10.38%. During the same quarter in the previous year, the firm earned $0.71 EPS. On average, equities research analysts anticipate that FB Financial Co. will post 3.38 EPS for the current fiscal year.

FB Financial Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, November 19th. Investors of record on Tuesday, November 5th will be given a dividend of $0.17 per share. The ex-dividend date of this dividend is Tuesday, November 5th. This represents a $0.68 annualized dividend and a dividend yield of 1.19%. FB Financial’s dividend payout ratio (DPR) is presently 29.69%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. nVerses Capital LLC purchased a new stake in FB Financial during the 3rd quarter worth approximately $84,000. SG Americas Securities LLC purchased a new stake in shares of FB Financial during the first quarter worth approximately $165,000. Raymond James Trust N.A. acquired a new position in FB Financial in the 3rd quarter valued at $201,000. Entropy Technologies LP purchased a new position in FB Financial in the 3rd quarter valued at $202,000. Finally, Renaissance Technologies LLC acquired a new stake in FB Financial during the 2nd quarter worth $217,000. 65.40% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

FBK has been the topic of a number of recent research reports. Keefe, Bruyette & Woods upped their target price on FB Financial from $48.00 to $50.00 and gave the stock a “market perform” rating in a research note on Wednesday, October 16th. Hovde Group upped their price objective on FB Financial from $52.50 to $56.00 and gave the stock an “outperform” rating in a research report on Monday, October 21st. Piper Sandler cut shares of FB Financial from an “overweight” rating to a “neutral” rating and raised their price objective for the stock from $41.00 to $46.00 in a research note on Wednesday, July 17th. Stephens reiterated an “overweight” rating and issued a $45.00 target price on shares of FB Financial in a research note on Tuesday, July 16th. Finally, StockNews.com lowered shares of FB Financial from a “hold” rating to a “sell” rating in a research report on Friday, November 8th. Two analysts have rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, FB Financial has an average rating of “Hold” and a consensus target price of $47.80.

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.