FB Financial Co. (NYSE:FBK) Major Shareholder Purchases $96,340.00 in Stock

FB Financial Co. (NYSE:FBK) major shareholder James W. Ayers bought 2,000 shares of FB Financial stock in a transaction on Monday, October 21st. The shares were bought at an average cost of $48.17 per share, with a total value of $96,340.00. Following the acquisition, the insider now directly owns 10,894,341 shares in the company, valued at approximately $524,780,405.97. This represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Major shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.

FB Financial Stock Performance

NYSE:FBK traded up $0.49 during mid-day trading on Tuesday, reaching $48.41. The stock had a trading volume of 88,278 shares, compared to its average volume of 144,840. The firm has a 50 day moving average price of $46.54 and a two-hundred day moving average price of $41.76. The stock has a market capitalization of $2.27 billion, a P/E ratio of 20.13 and a beta of 1.13. FB Financial Co. has a one year low of $27.75 and a one year high of $51.40.

FB Financial (NYSE:FBK) last announced 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 business had revenue of $169.13 million for the quarter, compared to analysts’ expectations of $127.44 million. FB Financial had a return on equity of 10.24% and a net margin of 15.34%. During the same period in the previous year, the firm earned $0.71 EPS. Research analysts forecast that FB Financial Co. will post 3.25 earnings per share for the current year.

FB Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, August 20th. Stockholders of record on Tuesday, August 6th were paid a dividend of $0.17 per share. The ex-dividend date was Tuesday, August 6th. This represents a $0.68 annualized dividend and a dividend yield of 1.40%. FB Financial’s dividend payout ratio (DPR) is presently 28.57%.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on FBK. Stephens reiterated an “overweight” rating and set a $45.00 price target on shares of FB Financial in a research report on Tuesday, July 16th. JPMorgan Chase & Co. dropped their price target on FB Financial from $43.00 to $42.00 and set an “underweight” rating for the company in a research report on Thursday, June 27th. Hovde Group lifted their price target on FB Financial from $52.50 to $56.00 and gave the company an “outperform” rating in a research report on Monday. Keefe, Bruyette & Woods boosted their target price on FB Financial from $48.00 to $50.00 and gave the stock a “market perform” rating in a research report on Wednesday, October 16th. Finally, Piper Sandler downgraded FB Financial from an “overweight” rating to a “neutral” rating and boosted their target price for the stock from $41.00 to $46.00 in a research report on Wednesday, July 17th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $47.80.

Institutional Investors Weigh In On FB Financial

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. nVerses Capital LLC purchased a new stake in shares of FB Financial during the third quarter valued at $84,000. SG Americas Securities LLC bought a new stake in FB Financial in the 1st quarter worth approximately $165,000. Renaissance Technologies LLC bought a new stake in FB Financial in the 2nd quarter worth approximately $217,000. ProShare Advisors LLC boosted its holdings in shares of FB Financial by 7.4% in the 1st quarter. ProShare Advisors LLC now owns 7,148 shares of the financial services provider’s stock worth $269,000 after purchasing an additional 494 shares during the period. Finally, B. Riley Wealth Advisors Inc. boosted its holdings in shares of FB Financial by 17.0% in the 1st quarter. B. Riley Wealth Advisors Inc. now owns 7,345 shares of the financial services provider’s stock worth $277,000 after purchasing an additional 1,067 shares during the period. 65.40% of the stock is owned by hedge funds and other institutional investors.

About FB Financial

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.