Insider Buying: FB Financial Co. (NYSE:FBK) Major Shareholder Buys 2,000 Shares of Stock

FB Financial Co. (NYSE:FBK) major shareholder James W. Ayers purchased 2,000 shares of FB Financial stock in a transaction dated Monday, January 6th. The stock was bought at an average price of $51.40 per share, for a total transaction of $102,800.00. Following the completion of the purchase, 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 acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Large shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

FB Financial Stock Performance

Shares of NYSE FBK opened at $50.16 on Thursday. The firm has a 50 day moving average price of $53.97 and a two-hundred day moving average price of $48.23. The stock has a market cap of $2.34 billion, a P/E ratio of 21.90 and a beta of 1.16. FB Financial Co. has a 52-week low of $33.35 and a 52-week high of $58.88.

FB Financial (NYSE:FBK) last posted its quarterly earnings data on Tuesday, October 15th. The financial services provider reported $0.86 earnings per share for the quarter, beating analysts’ consensus estimates of $0.82 by $0.04. The business had revenue of $169.13 million during the quarter, compared to the consensus estimate 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 in the prior year, the business posted $0.71 earnings per share. Analysts predict that FB Financial Co. will post 3.38 earnings per share for the current fiscal year.

FB Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, November 19th. Stockholders of record on Tuesday, November 5th were given 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 1.36%. FB Financial’s dividend payout ratio (DPR) is 29.69%.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Point72 Asset Management L.P. acquired a new stake in shares of FB Financial during the third quarter worth $47,000. GAMMA Investing LLC boosted its position in FB Financial by 45.2% during the fourth 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 during the last quarter. nVerses Capital LLC acquired a new stake in FB Financial during the 3rd quarter worth about $84,000. Point72 DIFC Ltd bought a new position in shares of FB Financial in the 3rd quarter worth about $110,000. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new position in FB Financial in the third quarter valued at approximately $124,000. Institutional investors own 65.40% of the company’s stock.

Analyst Upgrades and Downgrades

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

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.