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

FB Financial Co. (NYSE:FBK) major shareholder James W. Ayers bought 2,000 shares of FB Financial stock in a transaction that occurred on Monday, February 3rd. The stock was purchased at an average cost of $52.07 per share, for a total transaction of $104,140.00. Following the acquisition, the insider now owns 10,921,841 shares of the company’s stock, valued at $568,700,260.87. This represents a 0.02 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Large shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.

FB Financial Price Performance

Shares of NYSE:FBK opened at $54.23 on Friday. FB Financial Co. has a 12 month low of $33.35 and a 12 month high of $58.88. The firm has a market capitalization of $2.53 billion, a P/E ratio of 21.96 and a beta of 1.15. The company’s fifty day moving average price is $53.03 and its 200 day moving average price is $49.89.

FB Financial (NYSE:FBK) last posted its earnings results 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%. On average, sell-side analysts anticipate that FB Financial Co. will post 3.61 EPS for the current year.

FB Financial Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 25th. Shareholders of record on Tuesday, February 11th will be paid a $0.19 dividend. The ex-dividend date is Tuesday, February 11th. This represents a $0.76 dividend on an annualized basis and a yield of 1.40%. This is a boost from FB Financial’s previous quarterly dividend of $0.17. FB Financial’s payout ratio is currently 30.77%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on FBK. StockNews.com upgraded shares of FB Financial from a “sell” rating to a “hold” rating in a report on Wednesday, January 22nd. Hovde Group cut 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. Finally, Keefe, Bruyette & Woods lifted their price target on FB Financial from $50.00 to $58.00 and gave the stock a “market perform” rating in a report on Wednesday, December 4th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat, FB Financial presently has an average rating of “Hold” and a consensus price target of $50.20.

Institutional Investors Weigh In On FB Financial

Large investors have recently modified their holdings of the company. Allspring Global Investments Holdings LLC boosted its stake in FB Financial by 7.4% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 229,829 shares of the financial services provider’s stock worth $10,786,000 after purchasing an additional 15,739 shares during the period. Geode Capital Management LLC raised its holdings in shares of FB Financial by 0.9% in the third 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. Charles Schwab Investment Management Inc. boosted its stake in shares of FB Financial by 4.1% during the third quarter. Charles Schwab Investment Management Inc. now owns 373,345 shares of the financial services provider’s stock worth $17,521,000 after buying an additional 14,797 shares during the period. Raymond James & Associates grew its holdings in shares of FB Financial by 5.0% during the third quarter. Raymond James & Associates now owns 129,545 shares of the financial services provider’s stock worth $6,080,000 after buying an additional 6,183 shares during the last quarter. Finally, Rosenthal Henry Capital Advisors Inc. acquired a new position in FB Financial in the 3rd quarter valued at about $1,935,000. 65.40% of the stock is owned by institutional investors and hedge funds.

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.