James W. Ayers Purchases 500 Shares of FB Financial Co. (NYSE:FBK) Stock

FB Financial Co. (NYSE:FBK) major shareholder James W. Ayers purchased 500 shares of FB Financial stock in a transaction that occurred on Wednesday, October 30th. The shares were bought at an average price of $51.00 per share, with a total value of $25,500.00. Following the transaction, the insider now owns 10,906,841 shares of the company’s stock, valued at $556,248,891. This trade represents a 0.00 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Large shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

FB Financial Stock Down 0.6 %

Shares of FBK opened at $48.91 on Friday. The business’s 50-day moving average price is $47.33 and its 200-day moving average price is $42.57. FB Financial Co. has a twelve month low of $29.55 and a twelve month high of $51.63. The stock has a market cap of $2.30 billion, a PE ratio of 21.36 and a beta of 1.12.

FB Financial (NYSE:FBK) last posted its 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. FB Financial had a net margin of 14.40% and a return on equity of 10.38%. The business had revenue of $169.13 million for the quarter, compared to analysts’ expectations of $127.44 million. During the same period in the prior year, the company posted $0.71 EPS. Analysts expect that FB Financial Co. will post 3.34 earnings per share for the current fiscal year.

FB Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 19th. Investors of record on Tuesday, November 5th will be paid a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a yield of 1.39%. The ex-dividend date of this dividend is Tuesday, November 5th. FB Financial’s dividend payout ratio is 29.69%.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the stock. StockNews.com downgraded shares of FB Financial from a “hold” rating to a “sell” rating in a research report on Wednesday. Keefe, Bruyette & Woods raised 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. Hovde Group upped 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, October 21st. Stephens reissued an “overweight” rating and issued a $45.00 price objective on shares of FB Financial in a report on Tuesday, July 16th. Finally, Piper Sandler downgraded shares of FB Financial from an “overweight” rating to a “neutral” rating and upped their price objective for the company from $41.00 to $46.00 in a report on Wednesday, July 17th. 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’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $47.80.

Hedge Funds Weigh In On FB Financial

A number of institutional investors have recently added to or reduced their stakes in FBK. Vanguard Group Inc. grew its holdings in shares of FB Financial by 2.1% during the fourth quarter. Vanguard Group Inc. now owns 2,454,601 shares of the financial services provider’s stock worth $97,816,000 after purchasing an additional 49,313 shares in the last quarter. BNP Paribas Financial Markets increased its holdings in shares of FB Financial by 73.6% in the 1st quarter. BNP Paribas Financial Markets now owns 18,029 shares of the financial services provider’s stock worth $679,000 after buying an additional 7,643 shares during the last quarter. Texas Permanent School Fund Corp raised its position in shares of FB Financial by 1.3% during the 1st quarter. Texas Permanent School Fund Corp now owns 30,747 shares of the financial services provider’s stock valued at $1,158,000 after buying an additional 398 shares in the last quarter. Empowered Funds LLC lifted its holdings in shares of FB Financial by 8.2% during the 1st quarter. Empowered Funds LLC now owns 122,390 shares of the financial services provider’s stock worth $4,609,000 after acquiring an additional 9,242 shares during the last quarter. Finally, SG Americas Securities LLC purchased a new position in FB Financial in the first quarter worth $165,000. 65.40% of the stock is currently owned by 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.