James W. Ayers Purchases 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 firm’s stock in a transaction on Monday, January 6th. The stock was purchased at an average cost of $51.40 per share, with a total value of $102,800.00. Following the completion of the transaction, the insider now owns 10,913,841 shares in the company, valued at $560,971,427.40. The trade was a 0.02 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available at this link. Large shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.

FB Financial Stock Down 0.6 %

Shares of NYSE FBK opened at $50.16 on Friday. The stock’s 50 day moving average price is $53.99 and its two-hundred day moving average price is $48.24. FB Financial Co. has a 52-week low of $33.35 and a 52-week high of $58.88. The stock has a market capitalization of $2.34 billion, a P/E ratio of 21.90 and a beta of 1.16.

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 the consensus estimate of $0.82 by $0.04. The business 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 period in the prior year, the company posted $0.71 EPS. On average, analysts anticipate that FB Financial Co. will post 3.38 EPS for the current year.

FB Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, November 19th. Investors of record on Tuesday, November 5th were given a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.36%. The ex-dividend date was Tuesday, November 5th. FB Financial’s dividend payout ratio is presently 29.69%.

Analyst Ratings Changes

A number of research analysts recently commented on the company. StockNews.com downgraded FB Financial from a “hold” rating to a “sell” rating in a report on Friday, November 8th. Keefe, Bruyette & Woods increased their target price on FB Financial from $50.00 to $58.00 and gave the company a “market perform” rating in a research note on Wednesday, December 4th. Finally, Hovde Group lowered shares of FB Financial from an “outperform” rating to a “market perform” rating and set a $60.00 price target for the company. in a research note on Monday, November 18th. Two investment 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 MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $50.20.

Institutional Investors Weigh In On FB Financial

Several institutional investors and hedge funds have recently bought and sold shares of FBK. Point72 Asset Management L.P. acquired a new stake in shares of FB Financial during the 3rd quarter worth approximately $47,000. GAMMA Investing LLC grew its stake in 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 buying an additional 314 shares during the last quarter. nVerses Capital LLC acquired a new stake in FB Financial in the third quarter worth $84,000. Point72 DIFC Ltd bought 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 during the third quarter valued at $124,000. Institutional investors and hedge funds 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.