Insider Buying: FB Financial Co. (NYSE:FBK) Major Shareholder Purchases $57,150.00 in Stock

FB Financial Co. (NYSE:FBK) major shareholder James W. Ayers acquired 1,000 shares of FB Financial stock in a transaction dated Monday, November 11th. The shares were bought at an average cost of $57.15 per share, with a total value of $57,150.00. Following the completion of the purchase, the insider now owns 10,909,841 shares in the company, valued at approximately $623,497,413.15. This represents a 0.01 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Large shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.

FB Financial Stock Down 0.4 %

FBK stock opened at $56.31 on Friday. The company has a 50 day moving average of $48.40 and a two-hundred day moving average of $43.53. The company has a market cap of $2.63 billion, a price-to-earnings ratio of 24.59 and a beta of 1.12. FB Financial Co. has a 12-month low of $32.09 and a 12-month high of $58.88.

FB Financial (NYSE:FBK) last announced its quarterly earnings data 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. 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 earned $0.71 earnings per share. On average, research analysts anticipate that FB Financial Co. will post 3.38 EPS for the current 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 $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 1.21%. The ex-dividend date is Tuesday, November 5th. FB Financial’s payout ratio is presently 29.69%.

Institutional Investors Weigh In On FB Financial

A number of large investors have recently bought and sold shares of FBK. Vanguard Group Inc. lifted its position in shares of FB Financial by 0.4% in the first quarter. Vanguard Group Inc. now owns 2,464,295 shares of the financial services provider’s stock worth $92,805,000 after buying an additional 9,694 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in shares of FB Financial by 5.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,937,631 shares of the financial services provider’s stock valued at $75,623,000 after acquiring an additional 106,553 shares in the last quarter. Wasatch Advisors LP lifted its holdings in FB Financial by 4.7% in the 3rd quarter. Wasatch Advisors LP now owns 1,225,838 shares of the financial services provider’s stock worth $57,529,000 after purchasing an additional 55,071 shares during the last quarter. Janus Henderson Group PLC boosted its position in FB Financial by 3.0% during the first quarter. Janus Henderson Group PLC now owns 1,136,818 shares of the financial services provider’s stock worth $42,812,000 after purchasing an additional 33,310 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its holdings in FB Financial by 4.1% during the third quarter. Charles Schwab Investment Management Inc. now owns 373,345 shares of the financial services provider’s stock valued at $17,521,000 after purchasing an additional 14,797 shares during the last quarter. 65.40% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research firms have issued reports on FBK. Keefe, Bruyette & Woods boosted their price objective on FB Financial from $48.00 to $50.00 and gave the stock a “market perform” rating in a report on Wednesday, October 16th. StockNews.com lowered shares of FB Financial from a “hold” rating to a “sell” rating in a report on Friday, November 8th. Finally, Hovde Group raised their price objective on shares of FB Financial from $52.50 to $56.00 and gave the stock an “outperform” rating in a research note on Monday, October 21st. 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. According to MarketBeat, FB Financial has a consensus rating of “Hold” and an average 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.