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

FB Financial Co. (NYSE:FBK) major shareholder James W. Ayers purchased 2,000 shares of the company’s stock in a transaction dated Friday, November 8th. The stock was bought at an average price of $55.70 per share, with a total value of $111,400.00. Following the completion of the transaction, the insider now directly owns 10,908,841 shares of the company’s stock, valued at approximately $607,622,443.70. This represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Large shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.

FB Financial Price Performance

Shares of FBK stock opened at $57.20 on Wednesday. FB Financial Co. has a 1-year low of $30.01 and a 1-year high of $58.46. The firm has a market cap of $2.67 billion, a PE ratio of 24.93 and a beta of 1.12. The company has a 50-day moving average of $48.03 and a two-hundred day moving average of $43.30.

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, topping analysts’ consensus estimates of $0.82 by $0.04. FB Financial had a net margin of 14.40% and a return on equity of 10.38%. The firm had revenue of $169.13 million during the quarter, compared to analysts’ expectations of $127.44 million. During the same quarter last year, the company posted $0.71 EPS. Sell-side analysts anticipate that FB Financial Co. will post 3.38 EPS for the current fiscal year.

FB Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 19th. Investors of record on Tuesday, November 5th will be issued a $0.17 dividend. The ex-dividend date is Tuesday, November 5th. This represents a $0.68 annualized dividend and a dividend yield of 1.19%. FB Financial’s dividend payout ratio is presently 29.69%.

Analyst Ratings Changes

Several analysts have issued reports on the company. Stephens restated an “overweight” rating and issued a $45.00 target price on shares of FB Financial in a report on Tuesday, July 16th. Keefe, Bruyette & Woods lifted their target price on shares of FB Financial from $48.00 to $50.00 and gave the stock a “market perform” rating in a research note on Wednesday, October 16th. Piper Sandler cut shares of FB Financial from an “overweight” rating to a “neutral” rating and increased their price target for the company from $41.00 to $46.00 in a research note on Wednesday, July 17th. StockNews.com downgraded shares of FB Financial from a “hold” rating to a “sell” rating in a report on Friday, November 8th. Finally, Hovde Group upped their price objective on FB Financial from $52.50 to $56.00 and gave the company an “outperform” rating in a report on Monday, October 21st. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $47.80.

Hedge Funds Weigh In On FB Financial

Several hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. increased its stake in FB Financial by 0.4% during the first quarter. Vanguard Group Inc. now owns 2,464,295 shares of the financial services provider’s stock worth $92,805,000 after purchasing an additional 9,694 shares during the period. Dimensional Fund Advisors LP increased its stake in FB Financial by 5.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,937,631 shares of the financial services provider’s stock worth $75,623,000 after buying an additional 106,553 shares during the period. Janus Henderson Group PLC increased its stake in FB Financial by 3.0% during the 1st quarter. Janus Henderson Group PLC now owns 1,136,818 shares of the financial services provider’s stock worth $42,812,000 after buying an additional 33,310 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in FB Financial by 4.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 373,345 shares of the financial services provider’s stock worth $17,521,000 after buying an additional 14,797 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC boosted its position 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 valued at $10,786,000 after buying an additional 15,739 shares during the period. Institutional investors and hedge funds own 65.40% of the company’s stock.

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.