Insider Buying: FB Financial Co. (NYSE:FBK) Major Shareholder Acquires 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 that occurred on Monday, February 3rd. The stock was purchased at an average price of $52.07 per share, with a total value of $104,140.00. Following the transaction, the insider now owns 10,921,841 shares in the company, valued at $568,700,260.87. This represents a 0.02 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Large shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

FB Financial Price Performance

Shares of FBK stock opened at $52.89 on Friday. FB Financial Co. has a fifty-two week low of $33.35 and a fifty-two week high of $58.88. The stock’s 50-day moving average is $52.99 and its two-hundred day moving average is $49.92. The firm has a market cap of $2.47 billion, a P/E ratio of 21.41 and a beta of 1.15.

FB Financial (NYSE:FBK) last released its quarterly earnings data on Tuesday, January 21st. The financial services provider reported $0.85 EPS for the quarter, topping analysts’ consensus estimates of $0.84 by $0.01. FB Financial had a return on equity of 10.43% and a net margin of 15.18%. As a group, research analysts expect that FB Financial Co. will post 3.61 EPS for the current year.

FB Financial Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 25th. Investors of record on Tuesday, February 11th will be paid a $0.19 dividend. This represents a $0.76 annualized dividend and a dividend yield of 1.44%. The ex-dividend date is Tuesday, February 11th. This is a positive change from FB Financial’s previous quarterly dividend of $0.17. FB Financial’s payout ratio is presently 27.53%.

Institutional Investors Weigh In On FB Financial

A number of large investors have recently bought and sold shares of the business. Point72 Asset Management L.P. acquired a new stake in shares of FB Financial in the third quarter worth about $47,000. GAMMA Investing LLC increased its holdings in shares of FB Financial by 45.2% during the 4th 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 bought a new position in shares of FB Financial in the 3rd quarter valued at approximately $84,000. KBC Group NV lifted its holdings in FB Financial by 36.2% in the 4th quarter. KBC Group NV now owns 2,090 shares of the financial services provider’s stock worth $108,000 after purchasing an additional 555 shares during the last quarter. Finally, Point72 DIFC Ltd bought a new stake in FB Financial during the third quarter worth approximately $110,000. 65.40% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on FBK shares. Keefe, Bruyette & Woods upped their price target on FB Financial from $50.00 to $58.00 and gave the company a “market perform” rating in a research report on Wednesday, December 4th. StockNews.com upgraded FB Financial from a “sell” rating to a “hold” rating in a report on Wednesday, January 22nd. Finally, Hovde Group cut shares of FB Financial from an “outperform” rating to a “market perform” rating and set a $60.00 price target for the company. in a report on Monday, November 18th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price 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.