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

FB Financial Co. (NYSE:FBK) major shareholder James W. Ayers bought 2,000 shares of the firm’s stock in a transaction on Monday, October 28th. The stock was purchased at an average cost of $50.29 per share, for a total transaction of $100,580.00. Following the completion of the acquisition, the insider now owns 10,904,341 shares in the company, valued at approximately $548,379,308.89. This trade represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Large shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.

FB Financial Trading Up 0.9 %

NYSE:FBK traded up $0.44 during mid-day trading on Wednesday, hitting $50.38. 137,335 shares of the company’s stock were exchanged, compared to its average volume of 145,568. The company has a 50 day simple moving average of $47.12 and a 200-day simple moving average of $42.32. FB Financial Co. has a fifty-two week low of $28.79 and a fifty-two week high of $51.63. The firm has a market capitalization of $2.37 billion, a P/E ratio of 21.43 and a beta of 1.13.

FB Financial (NYSE:FBK) last posted its earnings results on Tuesday, October 15th. The financial services provider reported $0.86 EPS for the quarter, topping the consensus estimate of $0.82 by $0.04. FB Financial had a net margin of 14.40% and a return on equity of 10.38%. The business had revenue of $169.13 million for the quarter, compared to the consensus estimate of $127.44 million. During the same period last year, the company earned $0.71 EPS. As a group, analysts expect that FB Financial Co. will post 3.34 earnings per share for the current year.

FB Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, November 19th. Investors of record on Tuesday, November 5th will be given a dividend of $0.17 per share. The ex-dividend date is Tuesday, November 5th. This represents a $0.68 annualized dividend and a yield of 1.35%. FB Financial’s dividend payout ratio is presently 28.57%.

Wall Street Analysts Forecast Growth

FBK has been the topic of several research reports. Piper Sandler lowered shares of FB Financial from an “overweight” rating to a “neutral” rating and lifted their price target for the company from $41.00 to $46.00 in a report on Wednesday, July 17th. Keefe, Bruyette & Woods lifted their price target on shares of FB Financial from $48.00 to $50.00 and gave the company a “market perform” rating in a report on Wednesday, October 16th. Hovde Group lifted their price target on shares of FB Financial from $52.50 to $56.00 and gave the company an “outperform” rating in a report on Monday, October 21st. Finally, Stephens reaffirmed an “overweight” rating and set a $45.00 price target on shares of FB Financial in a report on Tuesday, July 16th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, FB Financial currently has an average rating of “Hold” and an average price target of $47.80.

Institutional Investors Weigh In On FB Financial

Hedge funds have recently added to or reduced their stakes in the business. Rosenthal Henry Capital Advisors Inc. acquired a new position in shares of FB Financial in the 3rd quarter worth approximately $1,935,000. Allspring Global Investments Holdings LLC lifted its position in shares of FB Financial by 7.4% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 229,829 shares of the financial services provider’s stock worth $10,786,000 after purchasing an additional 15,739 shares during the period. Raymond James & Associates lifted its position in shares of FB Financial by 5.0% in the 3rd quarter. Raymond James & Associates now owns 129,545 shares of the financial services provider’s stock worth $6,080,000 after purchasing an additional 6,183 shares during the period. nVerses Capital LLC acquired a new position in shares of FB Financial in the 3rd quarter worth approximately $84,000. Finally, Creative Planning lifted its position in shares of FB Financial by 4.6% in the 3rd quarter. Creative Planning now owns 26,308 shares of the financial services provider’s stock worth $1,235,000 after purchasing an additional 1,149 shares during the period. 65.40% of the stock is currently owned by institutional investors and hedge funds.

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.