Insider Buying: FB Financial Co. (NYSE:FBK) Major Shareholder Purchases $57,150.00 in Stock

FB Financial Co. (NYSE:FBK) major shareholder James W. Ayers purchased 1,000 shares of the stock in a transaction dated Monday, November 11th. The stock was acquired at an average cost of $57.15 per share, for a total transaction of $57,150.00. Following the completion of the transaction, the insider now owns 10,909,841 shares of the company’s stock, valued at $623,497,413.15. The trade was a 0.01 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Major shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.

FB Financial Price Performance

Shares of FB Financial stock opened at $56.31 on Friday. FB Financial Co. has a 52-week low of $32.09 and a 52-week high of $58.88. The firm has a market capitalization of $2.63 billion, a PE ratio of 24.59 and a beta of 1.12. The company’s fifty day moving average price is $48.40 and its two-hundred day moving average price is $43.53.

FB Financial (NYSE:FBK) last posted its quarterly earnings results on Tuesday, October 15th. The financial services provider reported $0.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.82 by $0.04. The firm 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 prior year, the business posted $0.71 earnings per share. Analysts predict that FB Financial Co. will post 3.38 earnings per share 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 paid a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 1.21%. The ex-dividend date of this dividend is Tuesday, November 5th. FB Financial’s dividend payout ratio is 29.69%.

Wall Street Analyst Weigh In

A number of analysts have issued reports on FBK shares. StockNews.com lowered FB Financial from a “hold” rating to a “sell” rating in a report on Friday, November 8th. Hovde Group upped their target price on shares of FB Financial from $52.50 to $56.00 and gave the company an “outperform” rating in a research note on Monday, October 21st. Finally, Keefe, Bruyette & Woods increased their price target on shares of FB Financial from $48.00 to $50.00 and gave the company a “market perform” rating in a report on Wednesday, October 16th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, FB Financial presently has an average rating of “Hold” and an average target price of $47.80.

Institutional Trading of FB Financial

A number of large investors have recently bought and sold shares of the stock. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of FB Financial in the 3rd quarter valued at $124,000. Wasatch Advisors LP boosted its position in FB Financial by 4.7% in the third quarter. Wasatch Advisors LP now owns 1,225,838 shares of the financial services provider’s stock valued at $57,529,000 after buying an additional 55,071 shares in the last quarter. Verition Fund Management LLC bought a new stake in FB Financial during the third quarter worth about $599,000. Captrust Financial Advisors increased its holdings in shares of FB Financial by 1.9% during the third quarter. Captrust Financial Advisors now owns 34,331 shares of the financial services provider’s stock worth $1,611,000 after buying an additional 631 shares in the last quarter. Finally, Martingale Asset Management L P bought a new position in shares of FB Financial in the third quarter valued at approximately $254,000. 65.40% of the stock is currently owned by 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.