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

FB Financial Co. (NYSE:FBK) major shareholder James W. Ayers bought 2,000 shares of the business’s stock in a transaction on Monday, December 23rd. The shares were acquired at an average cost of $51.86 per share, for a total transaction of $103,720.00. Following the purchase, the insider now directly owns 10,911,841 shares in the company, valued at $565,888,074.26. This represents a 0.02 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Major shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.

FB Financial Stock Performance

Shares of NYSE:FBK opened at $52.35 on Thursday. The stock has a market capitalization of $2.44 billion, a price-to-earnings ratio of 22.86 and a beta of 1.15. FB Financial Co. has a 1-year low of $33.35 and a 1-year high of $58.88. The company has a 50 day moving average price of $53.50 and a 200 day moving average price of $47.14.

FB Financial (NYSE:FBK) last released its quarterly earnings data on Tuesday, October 15th. The financial services provider reported $0.86 earnings per share for the quarter, topping the consensus estimate of $0.82 by $0.04. The business had revenue of $169.13 million during the quarter, compared to analyst estimates of $127.44 million. FB Financial had a return on equity of 10.38% and a net margin of 14.40%. During the same period last year, the company posted $0.71 EPS. On average, sell-side analysts expect that FB Financial Co. will post 3.38 EPS for the current fiscal year.

FB Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, November 19th. Shareholders of record on Tuesday, November 5th were issued a dividend of $0.17 per share. The ex-dividend date was Tuesday, November 5th. This represents a $0.68 annualized dividend and a yield of 1.30%. FB Financial’s payout ratio is presently 29.69%.

Institutional Trading of FB Financial

Hedge funds have recently bought and sold shares of the company. Point72 Asset Management L.P. acquired a new stake in shares of FB Financial during the third quarter valued at approximately $47,000. nVerses Capital LLC purchased a new position in FB Financial during the 3rd quarter worth approximately $84,000. Point72 DIFC Ltd acquired a new stake in FB Financial during the 3rd quarter valued at $110,000. Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of FB Financial in the third quarter valued at $124,000. Finally, Raymond James Trust N.A. acquired a new stake in shares of FB Financial in the third quarter worth $201,000. 65.40% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts have recently commented on the company. Hovde Group lowered FB Financial from an “outperform” rating to a “market perform” rating and set a $60.00 price target on the stock. in a report on Monday, November 18th. StockNews.com cut shares of FB Financial from a “hold” rating to a “sell” rating in a research note on Friday, November 8th. Finally, Keefe, Bruyette & Woods boosted their price objective on FB Financial from $50.00 to $58.00 and gave the stock a “market perform” rating in a research note on Wednesday, December 4th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $50.20.

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.