FB Financial Co. (NYSE:FBK) Major Shareholder Acquires $100,520.00 in Stock

FB Financial Co. (NYSE:FBK) major shareholder James W. Ayers purchased 2,000 shares of the company’s stock in a transaction that occurred on Wednesday, January 8th. The shares were acquired at an average cost of $50.26 per share, with a total value of $100,520.00. Following the completion of the acquisition, the insider now directly owns 10,915,841 shares in the company, valued at approximately $548,630,168.66. This represents a 0.02 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Large shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.

FB Financial Stock Down 2.9 %

FBK stock opened at $48.82 on Friday. FB Financial Co. has a twelve month low of $33.35 and a twelve month high of $58.88. The company has a market cap of $2.28 billion, a P/E ratio of 21.32 and a beta of 1.16. The business’s fifty day moving average is $53.99 and its 200-day moving average is $48.41.

FB Financial (NYSE:FBK) last released its earnings results on Tuesday, October 15th. The financial services provider reported $0.86 earnings per share for the quarter, beating the consensus estimate of $0.82 by $0.04. The firm had revenue of $169.13 million for the quarter, compared to analyst estimates of $127.44 million. FB Financial had a return on equity of 10.38% and a net margin of 14.40%. During the same quarter in the prior year, the firm posted $0.71 earnings per share. Research analysts anticipate that FB Financial Co. will post 3.38 earnings per share for the current fiscal year.

FB Financial Announces Dividend

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

Institutional Investors Weigh In On FB Financial

Large investors have recently bought and sold shares of the company. GAMMA Investing LLC grew its holdings in shares of FB Financial by 45.2% in the 4th quarter. GAMMA Investing LLC now owns 1,008 shares of the financial services provider’s stock valued at $52,000 after buying an additional 314 shares during the period. Stifel Financial Corp grew its stake in FB Financial by 0.4% in the third quarter. Stifel Financial Corp now owns 80,665 shares of the financial services provider’s stock valued at $3,786,000 after acquiring an additional 356 shares during the period. Victory Capital Management Inc. increased its holdings in shares of FB Financial by 2.7% in the second quarter. Victory Capital Management Inc. now owns 17,556 shares of the financial services provider’s stock worth $685,000 after acquiring an additional 467 shares in the last quarter. Rhumbline Advisers raised its position in shares of 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. Finally, Captrust Financial Advisors lifted its holdings in shares of FB Financial by 1.9% during the 3rd quarter. Captrust Financial Advisors now owns 34,331 shares of the financial services provider’s stock valued at $1,611,000 after purchasing an additional 631 shares in the last quarter. Institutional investors own 65.40% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently weighed in on FBK shares. Hovde Group cut shares of FB Financial from an “outperform” rating to a “market perform” rating and set a $60.00 price objective for the company. in a research report on Monday, November 18th. StockNews.com lowered FB Financial from a “hold” rating to a “sell” rating in a research note on Friday, November 8th. Finally, Keefe, Bruyette & Woods lifted their price objective on FB Financial from $50.00 to $58.00 and gave the stock a “market perform” rating in a research report on Wednesday, December 4th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, FB Financial presently 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.