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

FB Financial Co. (NYSE:FBK) major shareholder James W. Ayers acquired 2,000 shares of the company’s stock in a transaction on Friday, January 10th. The stock was acquired at an average cost of $48.46 per share, for a total transaction of $96,920.00. Following the completion of the acquisition, the insider now owns 10,917,841 shares of the company’s stock, valued at $529,078,574.86. This trade represents a 0.02 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. Major shareholders that own more than 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

FB Financial Price Performance

FBK traded down $1.45 on Friday, reaching $48.82. 179,712 shares of the company’s stock were exchanged, compared to its average volume of 154,085. The stock has a market cap of $2.28 billion, a PE ratio of 21.32 and a beta of 1.16. FB Financial Co. has a twelve month low of $33.35 and a twelve month high of $58.88. The stock’s fifty day moving average price is $53.99 and its 200-day moving average price is $48.24.

FB Financial (NYSE:FBK) last posted its quarterly earnings results on Tuesday, October 15th. The financial services provider reported $0.86 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.82 by $0.04. The business had revenue of $169.13 million during 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 period in the prior year, the business earned $0.71 earnings per share. As a group, research analysts predict that FB Financial Co. will post 3.38 earnings per share for the current fiscal year.

FB Financial Dividend Announcement

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

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on FBK shares. Keefe, Bruyette & Woods lifted their price target on shares of FB Financial from $50.00 to $58.00 and gave the company a “market perform” rating in a research note on Wednesday, December 4th. StockNews.com cut shares of FB Financial from a “hold” rating to a “sell” rating in a research note on Friday, November 8th. Finally, Hovde Group lowered shares of FB Financial from an “outperform” rating to a “market perform” rating and set a $60.00 price target on the stock. in a research note on Monday, November 18th. Two equities research 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’s stock. According to data from MarketBeat.com, FB Financial currently has a consensus rating of “Hold” and an average target price of $50.20.

Institutional Investors Weigh In On FB Financial

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Point72 Asset Management L.P. purchased a new stake in shares of FB Financial in the 3rd quarter valued at approximately $47,000. GAMMA Investing LLC grew its position in FB Financial by 45.2% in the fourth quarter. GAMMA Investing LLC now owns 1,008 shares of the financial services provider’s stock worth $52,000 after acquiring an additional 314 shares during the period. nVerses Capital LLC acquired a new stake in FB Financial during the third quarter worth $84,000. Point72 DIFC Ltd purchased a new stake in FB Financial in the third quarter valued at $110,000. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of FB Financial in the 3rd quarter valued at $124,000. 65.40% of the stock is currently owned by institutional investors and hedge funds.

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.