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

FB Financial Co. (NYSE:FBK) major shareholder James W. Ayers acquired 2,000 shares of the company’s stock in a transaction that occurred on Monday, February 3rd. The stock was purchased at an average cost of $52.07 per share, with a total value of $104,140.00. Following the acquisition, the insider now directly owns 10,921,841 shares of the company’s stock, valued at $568,700,260.87. This trade represents a 0.02 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Major shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.

FB Financial Stock Performance

Shares of FBK stock opened at $54.23 on Friday. The firm has a market cap of $2.53 billion, a P/E ratio of 21.96 and a beta of 1.15. The firm’s 50 day moving average price is $53.03 and its 200-day moving average price is $49.89. FB Financial Co. has a one year low of $33.35 and a one year high of $58.88.

FB Financial (NYSE:FBK) last released its quarterly earnings results on Tuesday, January 21st. The financial services provider reported $0.85 EPS for the quarter, topping analysts’ consensus estimates of $0.84 by $0.01. FB Financial had a return on equity of 10.43% and a net margin of 15.18%. As a group, research analysts predict that FB Financial Co. will post 3.61 EPS for the current fiscal year.

FB Financial Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, February 25th. Investors of record on Tuesday, February 11th will be issued a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 1.40%. This is a boost from FB Financial’s previous quarterly dividend of $0.17. The ex-dividend date of this dividend is Tuesday, February 11th. FB Financial’s dividend payout ratio (DPR) is 30.77%.

Analysts Set New Price Targets

Several analysts have recently weighed in on the stock. StockNews.com raised shares of FB Financial from a “sell” rating to a “hold” rating in a research note on Wednesday, January 22nd. Hovde Group lowered FB Financial from an “outperform” rating to a “market perform” rating and set a $60.00 price objective for the company. in a research report on Monday, November 18th. Finally, Keefe, Bruyette & Woods lifted 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. 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 company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $50.20.

Institutional Trading of FB Financial

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Point72 Asset Management L.P. purchased a new position in shares of FB Financial in the third quarter valued at approximately $47,000. GAMMA Investing LLC lifted its holdings in FB Financial by 45.2% during the 4th quarter. GAMMA Investing LLC now owns 1,008 shares of the financial services provider’s stock worth $52,000 after buying an additional 314 shares in the last quarter. nVerses Capital LLC purchased a new position in FB Financial in the 3rd quarter valued at approximately $84,000. KBC Group NV grew its stake in shares of FB Financial by 36.2% in the fourth quarter. KBC Group NV now owns 2,090 shares of the financial services provider’s stock worth $108,000 after acquiring an additional 555 shares in the last quarter. Finally, Point72 DIFC Ltd purchased a new stake in shares of FB Financial during the third quarter worth $110,000. 65.40% of the stock is currently owned by hedge funds and other institutional investors.

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.