FB Financial Co. (NYSE:FBK) Major Shareholder James W. Ayers Purchases 2,000 Shares

FB Financial Co. (NYSE:FBK) major shareholder James W. Ayers bought 2,000 shares of the business’s stock in a transaction that occurred on Wednesday, January 8th. The stock was purchased at an average price of $50.26 per share, for a total transaction of $100,520.00. Following the completion of the acquisition, the insider now owns 10,915,841 shares in the company, valued at $548,630,168.66. This represents a 0.02 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Major shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.

FB Financial Stock Performance

NYSE:FBK traded down $1.45 on Friday, hitting $48.82. The stock had a trading volume of 179,712 shares, compared to its average volume of 154,085. FB Financial Co. has a 1 year low of $33.35 and a 1 year high of $58.88. The firm’s fifty day simple moving average is $53.99 and its two-hundred day simple moving average is $48.24. The stock has a market cap of $2.28 billion, a P/E ratio of 21.32 and a beta of 1.16.

FB Financial (NYSE:FBK) last issued its quarterly earnings results on Tuesday, October 15th. The financial services provider reported $0.86 EPS for the quarter, beating analysts’ consensus estimates of $0.82 by $0.04. FB Financial had a return on equity of 10.38% and a net margin of 14.40%. The company had revenue of $169.13 million during the quarter, compared to the consensus estimate of $127.44 million. During the same period last year, the business posted $0.71 earnings per share. Equities research analysts predict that FB Financial Co. will post 3.38 EPS for the current year.

FB Financial Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, November 19th. Investors of record on Tuesday, November 5th were given a dividend of $0.17 per share. The ex-dividend date of this dividend was Tuesday, November 5th. This represents a $0.68 annualized dividend and a yield of 1.39%. FB Financial’s payout ratio is currently 29.69%.

Institutional Trading of FB Financial

A number of large investors have recently added to or reduced their stakes in the stock. Rhumbline Advisers boosted its position in FB Financial by 0.4% during the second quarter. Rhumbline Advisers now owns 111,351 shares of the financial services provider’s stock worth $4,346,000 after purchasing an additional 482 shares during the period. Victory Capital Management Inc. raised its holdings in FB Financial by 2.7% during the 2nd quarter. Victory Capital Management Inc. now owns 17,556 shares of the financial services provider’s stock valued at $685,000 after acquiring an additional 467 shares during the period. Quest Partners LLC purchased a new stake in shares of FB Financial during the second quarter worth $450,000. American Century Companies Inc. boosted its holdings in shares of FB Financial by 1.2% in the second quarter. American Century Companies Inc. now owns 180,129 shares of the financial services provider’s stock worth $7,030,000 after acquiring an additional 2,110 shares during the period. Finally, Envestnet Asset Management Inc. grew its position in shares of FB Financial by 2.2% in the second quarter. Envestnet Asset Management Inc. now owns 204,983 shares of the financial services provider’s stock valued at $8,001,000 after purchasing an additional 4,364 shares in the last quarter. Hedge funds and other institutional investors own 65.40% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on FBK shares. Keefe, Bruyette & Woods raised their price objective 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. Hovde Group downgraded FB Financial from an “outperform” rating to a “market perform” rating and set a $60.00 price target for the company. in a research note on Monday, November 18th. Finally, StockNews.com lowered FB Financial from a “hold” rating to a “sell” rating in a report on Friday, November 8th. Two research 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. According to data from MarketBeat, the company currently has an average 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.