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

FB Financial Co. (NYSE:FBK) major shareholder James W. Ayers purchased 2,000 shares of the business’s stock in a transaction that occurred on Wednesday, January 8th. The stock was bought at an average price of $50.26 per share, with a total value of $100,520.00. Following the completion of the purchase, the insider now owns 10,915,841 shares of the company’s stock, valued at $548,630,168.66. This trade represents a 0.02 % increase in their position. 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 stock are required to disclose their sales and purchases with the SEC.

FB Financial Price Performance

Shares of FBK opened at $48.82 on Friday. FB Financial Co. has a one year low of $33.35 and a one year high of $58.88. The company has a market cap of $2.28 billion, a PE ratio of 21.32 and a beta of 1.16. The stock has a 50-day moving average of $53.99 and a 200-day moving average of $48.33.

FB Financial (NYSE:FBK) last released its quarterly earnings data on Tuesday, October 15th. The financial services provider reported $0.86 earnings per share for the quarter, topping the consensus estimate 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 for the quarter, compared to the consensus estimate of $127.44 million. During the same quarter in the prior year, the company posted $0.71 earnings per share. Analysts expect that FB Financial Co. will post 3.38 EPS for the current fiscal year.

FB Financial Dividend Announcement

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

Hedge Funds Weigh In On FB Financial

Hedge funds and other institutional investors have recently modified their holdings of the business. GAMMA Investing LLC increased its stake 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 worth $52,000 after purchasing an additional 314 shares during the last quarter. JPMorgan Chase & Co. increased its position in FB Financial by 8.0% in the third quarter. JPMorgan Chase & Co. now owns 66,775 shares of the financial services provider’s stock worth $3,134,000 after buying an additional 4,918 shares during the last quarter. Franklin Resources Inc. raised its stake in shares of FB Financial by 103.7% in the third quarter. Franklin Resources Inc. now owns 42,182 shares of the financial services provider’s stock valued at $2,013,000 after buying an additional 21,475 shares during the period. Geode Capital Management LLC lifted its position in shares of FB Financial by 0.9% during the 3rd quarter. Geode Capital Management LLC now owns 815,361 shares of the financial services provider’s stock valued at $38,272,000 after buying an additional 7,021 shares during the last quarter. Finally, Barclays PLC grew its stake in shares of FB Financial by 58.3% during the 3rd quarter. Barclays PLC now owns 94,062 shares of the financial services provider’s stock worth $4,415,000 after acquiring an additional 34,633 shares during the period. Hedge funds and other institutional investors own 65.40% of the company’s stock.

Analyst Ratings Changes

Several research firms recently issued reports on FBK. Keefe, Bruyette & Woods increased their price target on shares of FB Financial from $50.00 to $58.00 and gave the stock a “market perform” rating in a research report on Wednesday, December 4th. Hovde Group downgraded FB Financial from an “outperform” rating to a “market perform” rating and set a $60.00 target price on the stock. in a report on Monday, November 18th. Finally, StockNews.com cut FB Financial from a “hold” rating to a “sell” rating in a report on Friday, November 8th. Two 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. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price 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.