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

FB Financial Co. (NYSE:FBK) major shareholder James W. Ayers acquired 2,000 shares of the business’s stock in a transaction that occurred on Friday, October 25th. The stock was purchased at an average price of $48.13 per share, for a total transaction of $96,260.00. Following the acquisition, the insider now directly owns 10,902,341 shares in the company, valued at approximately $524,729,672.33. This trade represents a 0.00 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Major shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.

FB Financial Trading Down 1.8 %

FBK stock traded down $0.86 during mid-day trading on Friday, hitting $47.79. 160,306 shares of the company were exchanged, compared to its average volume of 144,966. The company has a market capitalization of $2.25 billion, a PE ratio of 20.08 and a beta of 1.13. The firm has a fifty day simple moving average of $46.76 and a 200 day simple moving average of $41.89. FB Financial Co. has a twelve month low of $28.58 and a twelve month high of $51.40.

FB Financial (NYSE:FBK) last posted its 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 firm had revenue of $169.13 million during the quarter, compared to analysts’ expectations of $127.44 million. FB Financial had a net margin of 15.34% and a return on equity of 10.24%. During the same quarter in the prior year, the firm earned $0.71 EPS. As a group, sell-side analysts anticipate that FB Financial Co. will post 3.25 earnings per share for the current year.

Institutional Investors Weigh In On FB Financial

Several large investors have recently modified their holdings of the stock. nVerses Capital LLC acquired a new stake in FB Financial during the third quarter valued at $84,000. SG Americas Securities LLC acquired a new stake in FB Financial in the first quarter worth about $165,000. Renaissance Technologies LLC acquired a new position in shares of FB Financial in the 2nd quarter valued at $217,000. ProShare Advisors LLC grew its holdings in FB Financial by 7.4% during the first quarter. ProShare Advisors LLC now owns 7,148 shares of the financial services provider’s stock valued at $269,000 after purchasing an additional 494 shares during the period. Finally, B. Riley Wealth Advisors Inc. increased its holdings in shares of FB Financial by 17.0% in the first quarter. B. Riley Wealth Advisors Inc. now owns 7,345 shares of the financial services provider’s stock worth $277,000 after acquiring an additional 1,067 shares in the last quarter. 65.40% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on FBK shares. Piper Sandler cut FB Financial from an “overweight” rating to a “neutral” rating and increased their price objective for the company from $41.00 to $46.00 in a research note on Wednesday, July 17th. Hovde Group increased their price objective on FB Financial from $52.50 to $56.00 and gave the company an “outperform” rating in a report on Monday. Keefe, Bruyette & Woods lifted their target price on FB Financial from $48.00 to $50.00 and gave the company a “market perform” rating in a research note on Wednesday, October 16th. Stephens reaffirmed an “overweight” rating and issued a $45.00 price objective on shares of FB Financial in a report on Tuesday, July 16th. Finally, JPMorgan Chase & Co. decreased their price target on FB Financial from $43.00 to $42.00 and set an “underweight” rating on the stock in a research note on Thursday, June 27th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, the stock 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.