FB Financial Co. (NYSE:FBK) Director Sells $291,100.00 in Stock

FB Financial Co. (NYSE:FBK) Director James W. Iv Cross sold 5,000 shares of the business’s stock in a transaction on Monday, November 11th. The shares were sold at an average price of $58.22, for a total transaction of $291,100.00. Following the transaction, the director now owns 54,078 shares of the company’s stock, valued at $3,148,421.16. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

FB Financial Trading Down 1.0 %

Shares of FBK stock traded down $0.59 during trading hours on Wednesday, hitting $56.51. 149,539 shares of the company’s stock were exchanged, compared to its average volume of 148,955. FB Financial Co. has a 12-month low of $32.09 and a 12-month high of $58.88. The company has a market capitalization of $2.64 billion, a PE ratio of 25.29 and a beta of 1.12. The business’s 50 day simple moving average is $48.22 and its 200-day simple moving average is $43.43.

FB Financial (NYSE:FBK) last posted its quarterly earnings results on Tuesday, October 15th. The financial services provider reported $0.86 earnings per share 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 during the quarter, compared to the consensus estimate of $127.44 million. During the same period in the previous year, the firm posted $0.71 earnings per share. Equities analysts anticipate that FB Financial Co. will post 3.38 EPS for the current year.

FB Financial Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, November 19th. Investors of record on Tuesday, November 5th will be issued a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a yield of 1.20%. The ex-dividend date of this dividend is Tuesday, November 5th. FB Financial’s dividend payout ratio is presently 29.69%.

Wall Street Analyst Weigh In

FBK has been the topic of a number of research analyst reports. Piper Sandler lowered FB Financial from an “overweight” rating to a “neutral” rating and upped their target price for the stock from $41.00 to $46.00 in a research note on Wednesday, July 17th. Keefe, Bruyette & Woods raised their target price on shares of FB Financial from $48.00 to $50.00 and gave the company a “market perform” rating in a research note on Wednesday, October 16th. Hovde Group boosted their price target 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. StockNews.com cut shares of FB Financial from a “hold” rating to a “sell” rating in a research report on Friday, November 8th. Finally, Stephens reiterated an “overweight” rating and issued a $45.00 target price on shares of FB Financial in a research report on Tuesday, July 16th. Two investment 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 data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $47.80.

Hedge Funds Weigh In On FB Financial

A number of large investors have recently bought and sold shares of FBK. Dimensional Fund Advisors LP grew its holdings in shares of FB Financial by 5.8% in the second quarter. Dimensional Fund Advisors LP now owns 1,937,631 shares of the financial services provider’s stock worth $75,623,000 after purchasing an additional 106,553 shares during the last quarter. Allspring Global Investments Holdings LLC grew its holdings in 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 acquiring an additional 15,739 shares during the last quarter. Salzhauer Michael purchased a new position in shares of FB Financial in the second quarter valued at about $2,596,000. Raymond James & Associates raised its stake in shares of FB Financial by 5.0% during the third quarter. Raymond James & Associates now owns 129,545 shares of the financial services provider’s stock valued at $6,080,000 after acquiring an additional 6,183 shares during the last quarter. Finally, Rosenthal Henry Capital Advisors Inc. bought a new position in FB Financial during the 3rd quarter valued at approximately $1,935,000. 65.40% of the stock is 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.