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

FB Financial Co. (NYSE:FBK) major shareholder James W. Ayers purchased 2,000 shares of the company’s stock in a transaction on Monday, October 21st. The shares were bought at an average cost of $48.17 per share, with a total value of $96,340.00. Following the transaction, the insider now directly owns 10,894,341 shares of the company’s stock, valued at $524,780,405.97. This represents a 0.00 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Major shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.

FB Financial Price Performance

Shares of NYSE:FBK opened at $48.41 on Wednesday. The firm has a market capitalization of $2.27 billion, a PE ratio of 20.34 and a beta of 1.13. FB Financial Co. has a 12 month low of $27.75 and a 12 month high of $51.40. The business has a 50-day moving average of $46.65 and a two-hundred day moving average of $41.85.

FB Financial (NYSE:FBK) last posted 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. FB Financial had a net margin of 15.34% and a return on equity of 10.24%. The firm had revenue of $169.13 million for the quarter, compared to analyst estimates of $127.44 million. During the same quarter last year, the firm posted $0.71 earnings per share. As a group, research analysts anticipate that FB Financial Co. will post 3.25 earnings per share for the current year.

FB Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, August 20th. Shareholders of record on Tuesday, August 6th were given a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 1.40%. The ex-dividend date was Tuesday, August 6th. FB Financial’s dividend payout ratio (DPR) is presently 28.57%.

Institutional Investors Weigh In On FB Financial

Institutional investors and hedge funds have recently modified their holdings of the stock. Louisiana State Employees Retirement System grew its position in FB Financial by 1.7% in the second quarter. Louisiana State Employees Retirement System now owns 17,700 shares of the financial services provider’s stock valued at $691,000 after acquiring an additional 300 shares in the last quarter. Texas Permanent School Fund Corp increased its stake in FB Financial by 1.3% during the 1st quarter. Texas Permanent School Fund Corp now owns 30,747 shares of the financial services provider’s stock worth $1,158,000 after buying an additional 398 shares during the period. SummerHaven Investment Management LLC lifted its holdings in FB Financial by 1.6% in the 2nd quarter. SummerHaven Investment Management LLC now owns 25,895 shares of the financial services provider’s stock worth $1,011,000 after buying an additional 412 shares in the last quarter. Victory Capital Management Inc. boosted its position in FB Financial by 2.7% in the 2nd quarter. Victory Capital Management Inc. now owns 17,556 shares of the financial services provider’s stock valued at $685,000 after buying an additional 467 shares during the last quarter. Finally, 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 valued at $750,000 after acquiring an additional 468 shares in the last quarter. Hedge funds and other institutional investors own 65.40% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the company. JPMorgan Chase & Co. decreased their price objective on FB Financial from $43.00 to $42.00 and set an “underweight” rating on the stock in a research note on Thursday, June 27th. Stephens reaffirmed an “overweight” rating and set a $45.00 price target on shares of FB Financial in a research note on Tuesday, July 16th. Keefe, Bruyette & Woods lifted their price target on shares of FB Financial from $48.00 to $50.00 and gave the stock a “market perform” rating in a report on Wednesday, October 16th. Hovde Group upped their price objective on shares of FB Financial from $52.50 to $56.00 and gave the company an “outperform” rating in a research note on Monday. Finally, Piper Sandler cut shares of FB Financial from an “overweight” rating to a “neutral” rating and lifted their target price for the stock from $41.00 to $46.00 in a research note on Wednesday, July 17th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target 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.