FB Financial Co. (NYSE:FBK) Major Shareholder James W. Ayers Buys 2,000 Shares

FB Financial Co. (NYSE:FBK) major shareholder James W. Ayers acquired 2,000 shares of the company’s stock in a transaction dated Monday, January 6th. The stock was bought at an average cost of $51.40 per share, for a total transaction of $102,800.00. Following the completion of the transaction, the insider now directly owns 10,913,841 shares of the company’s stock, valued at approximately $560,971,427.40. This trade represents a 0.02 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Major 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 FB Financial stock opened at $50.16 on Thursday. The company has a 50-day simple moving average of $53.97 and a two-hundred day simple moving average of $48.23. FB Financial Co. has a twelve month low of $33.35 and a twelve month high of $58.88. The stock has a market capitalization of $2.34 billion, a price-to-earnings ratio of 21.90 and a beta of 1.16.

FB Financial (NYSE:FBK) last issued its quarterly earnings results on Tuesday, October 15th. The financial services provider reported $0.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.82 by $0.04. The business had revenue of $169.13 million during the quarter, compared to analysts’ expectations 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 in the previous year, the company posted $0.71 earnings per share. On average, sell-side analysts anticipate that FB Financial Co. will post 3.38 earnings per share for the current fiscal year.

FB Financial Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, November 19th. Stockholders of record on Tuesday, November 5th were issued a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a dividend yield of 1.36%. The ex-dividend date of this dividend was Tuesday, November 5th. FB Financial’s dividend payout ratio (DPR) is currently 29.69%.

Analysts Set New Price Targets

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

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the stock. Rhumbline Advisers increased its holdings in FB Financial by 0.4% in the 2nd quarter. Rhumbline Advisers now owns 111,351 shares of the financial services provider’s stock valued at $4,346,000 after buying an additional 482 shares during the period. Victory Capital Management Inc. boosted its position in shares of FB Financial by 2.7% during the 2nd quarter. Victory Capital Management Inc. now owns 17,556 shares of the financial services provider’s stock worth $685,000 after acquiring an additional 467 shares in the last quarter. Quest Partners LLC bought a new position in FB Financial in the second quarter valued at approximately $450,000. American Century Companies Inc. raised its position in FB Financial by 1.2% during the second quarter. American Century Companies Inc. now owns 180,129 shares of the financial services provider’s stock valued at $7,030,000 after purchasing an additional 2,110 shares in the last quarter. Finally, Envestnet Asset Management Inc. lifted its stake in FB Financial by 2.2% during the second quarter. Envestnet Asset Management Inc. now owns 204,983 shares of the financial services provider’s stock worth $8,001,000 after purchasing an additional 4,364 shares during the last quarter. Institutional investors own 65.40% of the company’s stock.

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.