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

FB Financial Co. (NYSE:FBK) major shareholder James W. Ayers bought 2,000 shares of the firm’s stock in a transaction that occurred on Wednesday, February 12th. The stock was acquired at an average price of $51.83 per share, for a total transaction of $103,660.00. Following the transaction, the insider now owns 10,927,841 shares in the company, valued at $566,389,999.03. This trade represents a 0.02 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Major shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

FB Financial Stock Down 0.4 %

Shares of FB Financial stock opened at $52.06 on Friday. The firm has a market cap of $2.43 billion, a PE ratio of 21.08 and a beta of 1.15. FB Financial Co. has a 12-month low of $33.35 and a 12-month high of $58.88. The company’s fifty day simple moving average is $52.58 and its two-hundred day simple moving average is $50.12.

FB Financial (NYSE:FBK) last announced its earnings results on Tuesday, January 21st. The financial services provider reported $0.85 earnings per share for the quarter, beating analysts’ consensus estimates of $0.84 by $0.01. FB Financial had a net margin of 15.18% and a return on equity of 10.43%. As a group, sell-side analysts expect that FB Financial Co. will post 3.64 earnings per share for the current fiscal year.

FB Financial Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, February 25th. Stockholders of record on Tuesday, February 11th will be paid a dividend of $0.19 per share. This is a positive change from FB Financial’s previous quarterly dividend of $0.17. The ex-dividend date is Tuesday, February 11th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.46%. FB Financial’s payout ratio is presently 30.77%.

Institutional Investors Weigh In On FB Financial

A number of large investors have recently modified their holdings of the stock. Mercer Global Advisors Inc. ADV boosted its stake in FB Financial by 23.5% during the fourth quarter. Mercer Global Advisors Inc. ADV now owns 10,859 shares of the financial services provider’s stock worth $559,000 after acquiring an additional 2,064 shares in the last quarter. Northern Trust Corp boosted its stake in FB Financial by 15.3% during the fourth quarter. Northern Trust Corp now owns 424,882 shares of the financial services provider’s stock worth $21,886,000 after acquiring an additional 56,474 shares in the last quarter. Tudor Investment Corp ET AL boosted its stake in FB Financial by 489.5% during the fourth quarter. Tudor Investment Corp ET AL now owns 70,696 shares of the financial services provider’s stock worth $3,642,000 after acquiring an additional 58,703 shares in the last quarter. Oberweis Asset Management Inc. boosted its stake in FB Financial by 4.0% during the fourth quarter. Oberweis Asset Management Inc. now owns 123,500 shares of the financial services provider’s stock worth $6,361,000 after acquiring an additional 4,800 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD boosted its stake in FB Financial by 12.4% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 21,293 shares of the financial services provider’s stock worth $1,097,000 after acquiring an additional 2,341 shares in the last quarter. Institutional investors own 65.40% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on FBK shares. Keefe, Bruyette & Woods lifted their target price on shares of FB Financial from $50.00 to $58.00 and gave the stock a “market perform” rating in a research report on Wednesday, December 4th. StockNews.com upgraded shares of FB Financial from a “sell” rating to a “hold” rating in a research report on Wednesday, January 22nd. Finally, 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 report on Monday, November 18th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target 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.