Insider Selling: FB Financial Co. (NYSE:FBK) Director Sells $291,100.00 in Stock

FB Financial Co. (NYSE:FBK) Director James W. Iv Cross sold 5,000 shares of the company’s stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $58.22, for a total transaction of $291,100.00. Following the transaction, the director now owns 54,078 shares in the company, valued at $3,148,421.16. This represents a 8.46 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

FB Financial Trading Down 0.7 %

NYSE:FBK opened at $55.81 on Friday. FB Financial Co. has a twelve month low of $32.09 and a twelve month high of $58.88. The company has a market cap of $2.60 billion, a price-to-earnings ratio of 24.37 and a beta of 1.12. The stock has a fifty day simple moving average of $48.60 and a 200-day simple moving average of $43.62.

FB Financial (NYSE:FBK) last announced its quarterly earnings results on Tuesday, October 15th. The financial services provider reported $0.86 EPS 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 last year, the firm posted $0.71 earnings per share. As a group, equities research analysts predict that FB Financial Co. will post 3.38 EPS for the current fiscal year.

FB Financial Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, November 19th. Stockholders of record on Tuesday, November 5th will be paid a dividend of $0.17 per share. The ex-dividend date is Tuesday, November 5th. This represents a $0.68 annualized dividend and a dividend yield of 1.22%. FB Financial’s dividend payout ratio is currently 29.69%.

Hedge Funds Weigh In On FB Financial

Institutional investors have recently made changes to their positions in the company. BNP Paribas Financial Markets grew its stake in FB Financial by 73.6% in the first quarter. BNP Paribas Financial Markets now owns 18,029 shares of the financial services provider’s stock valued at $679,000 after purchasing an additional 7,643 shares during the last quarter. Texas Permanent School Fund Corp grew its stake in shares of FB Financial by 1.3% during the first quarter. Texas Permanent School Fund Corp now owns 30,747 shares of the financial services provider’s stock worth $1,158,000 after acquiring an additional 398 shares during the last quarter. SG Americas Securities LLC purchased a new stake in shares of FB Financial during the first quarter worth about $165,000. Illinois Municipal Retirement Fund grew its stake in shares of FB Financial by 2.4% during the first quarter. Illinois Municipal Retirement Fund now owns 19,904 shares of the financial services provider’s stock worth $750,000 after acquiring an additional 468 shares during the last quarter. Finally, Russell Investments Group Ltd. grew its stake in shares of FB Financial by 13.5% during the first quarter. Russell Investments Group Ltd. now owns 12,796 shares of the financial services provider’s stock worth $482,000 after acquiring an additional 1,518 shares during the last quarter. Hedge funds and other institutional investors own 65.40% of the company’s stock.

Analyst Ratings Changes

FBK has been the subject of a number of research analyst reports. Keefe, Bruyette & Woods increased their price objective on shares of FB Financial from $48.00 to $50.00 and gave the company a “market perform” rating in a report on Wednesday, October 16th. StockNews.com downgraded FB Financial from a “hold” rating to a “sell” rating in a research report on Friday, November 8th. Finally, Hovde Group increased their target price on FB Financial from $52.50 to $56.00 and gave the company an “outperform” rating in a research report on Monday, October 21st. Two analysts have rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $47.80.

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.