FB Financial Co. (NYSE:FBK) Major Shareholder Purchases $105,120.00 in Stock

FB Financial Co. (NYSE:FBK) major shareholder James W. Ayers bought 2,000 shares of FB Financial stock in a transaction dated Friday, January 31st. The stock was purchased at an average cost of $52.56 per share, with a total value of $105,120.00. Following the completion of the acquisition, the insider now directly owns 10,919,841 shares in the company, valued at approximately $573,946,842.96. The trade was a 0.02 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. Large shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

FB Financial Trading Down 2.7 %

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

FB Financial (NYSE:FBK) last announced 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 net margin of 15.18% and a return on equity of 10.43%. As a group, equities analysts predict that FB Financial Co. will post 3.61 earnings per share for the current fiscal year.

FB Financial Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 25th. Investors of record on Tuesday, February 11th will be given a $0.19 dividend. The ex-dividend date of this dividend is Tuesday, February 11th. This represents a $0.76 dividend on an annualized basis and a yield of 1.44%. This is an increase from FB Financial’s previous quarterly dividend of $0.17. FB Financial’s dividend payout ratio (DPR) is presently 27.53%.

Analysts Set New Price Targets

Several research analysts have commented on FBK shares. Hovde Group lowered FB Financial from an “outperform” rating to a “market perform” rating and set a $60.00 price target on the stock. in a research report on Monday, November 18th. Keefe, Bruyette & Woods lifted their target price on shares of FB Financial from $50.00 to $58.00 and gave the company a “market perform” rating in a report on Wednesday, December 4th. Finally, StockNews.com upgraded shares of FB Financial from a “sell” rating to a “hold” rating in a research note on Wednesday, January 22nd. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $50.20.

Institutional Investors Weigh In On FB Financial

A number of institutional investors have recently added to or reduced their stakes in the business. Wasatch Advisors LP lifted its holdings in shares of FB Financial by 4.7% in the 3rd quarter. Wasatch Advisors LP now owns 1,225,838 shares of the financial services provider’s stock valued at $57,529,000 after buying an additional 55,071 shares during the period. Geode Capital Management LLC boosted 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 worth $38,272,000 after purchasing an additional 7,021 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of FB Financial by 0.8% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 376,288 shares of the financial services provider’s stock valued at $19,383,000 after purchasing an additional 2,943 shares in the last quarter. Allspring Global Investments Holdings LLC increased its holdings in shares of FB Financial by 1.9% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 234,264 shares of the financial services provider’s stock valued at $12,067,000 after purchasing an additional 4,435 shares in the last quarter. Finally, Principal Financial Group Inc. lifted its stake in shares of FB Financial by 3.7% in the fourth quarter. Principal Financial Group Inc. now owns 186,201 shares of the financial services provider’s stock valued at $9,591,000 after purchasing an additional 6,612 shares during the period. Hedge funds and other institutional investors own 65.40% of the company’s stock.

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.