FB Financial Co. (NYSE:FBK) Major Shareholder Purchases $102,800.00 in Stock

FB Financial Co. (NYSE:FBK) major shareholder James W. Ayers purchased 2,000 shares of FB Financial stock in a transaction that occurred on Monday, January 6th. The stock was purchased at an average price of $51.40 per share, with a total value of $102,800.00. Following the transaction, the insider now owns 10,913,841 shares in the company, valued at $560,971,427.40. This represents a 0.02 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible 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 Trading Down 2.9 %

FBK opened at $48.82 on Friday. FB Financial Co. has a 1 year low of $33.35 and a 1 year high of $58.88. The stock has a fifty day moving average price of $53.99 and a 200 day moving average price of $48.33. The stock has a market cap of $2.28 billion, a price-to-earnings ratio of 21.32 and a beta of 1.16.

FB Financial (NYSE:FBK) last announced its quarterly earnings results on Tuesday, October 15th. The financial services provider reported $0.86 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 quarter in the previous year, the business posted $0.71 EPS. As a group, sell-side analysts forecast that FB Financial Co. will post 3.38 earnings per share for the current fiscal year.

FB Financial Announces Dividend

The firm also recently declared 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. The ex-dividend date was Tuesday, November 5th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.39%. FB Financial’s dividend payout ratio is currently 29.69%.

Institutional Investors Weigh In On FB Financial

Several institutional investors and hedge funds have recently modified their holdings of FBK. Point72 Asset Management L.P. bought a new position in FB Financial during the third quarter valued at about $47,000. GAMMA Investing LLC raised its stake in shares of FB Financial by 45.2% in the 4th quarter. GAMMA Investing LLC now owns 1,008 shares of the financial services provider’s stock valued at $52,000 after acquiring an additional 314 shares in the last quarter. nVerses Capital LLC bought a new position in shares of FB Financial in the 3rd quarter valued at approximately $84,000. Point72 DIFC Ltd acquired a new stake in FB Financial in the 3rd quarter worth approximately $110,000. Finally, Point72 Asia Singapore Pte. Ltd. bought a new stake in FB Financial during the third quarter worth approximately $124,000. Institutional investors and hedge funds own 65.40% of the company’s stock.

Analyst Upgrades and Downgrades

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

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.