FB Financial Co. (NYSE:FBK) Major Shareholder Buys $96,340.00 in Stock

FB Financial Co. (NYSE:FBK) major shareholder James W. Ayers bought 2,000 shares of the business’s stock in a transaction dated Monday, October 21st. The shares were acquired at an average cost of $48.17 per share, with a total value of $96,340.00. Following the completion of the purchase, the insider now owns 10,894,341 shares in the company, valued at approximately $524,780,405.97. This represents a 0.00 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Major shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

FB Financial Stock Up 0.2 %

NYSE FBK opened at $48.71 on Friday. FB Financial Co. has a fifty-two week low of $27.75 and a fifty-two week high of $51.40. The stock has a market cap of $2.29 billion, a price-to-earnings ratio of 20.47 and a beta of 1.13. The business has a fifty day moving average of $46.76 and a 200-day moving average of $41.89.

FB Financial (NYSE:FBK) last released its quarterly earnings results on Tuesday, October 15th. The financial services provider reported $0.86 earnings per share for the quarter, topping analysts’ consensus estimates of $0.82 by $0.04. FB Financial had a return on equity of 10.24% and a net margin of 15.34%. The company had revenue of $169.13 million during the quarter, compared to analysts’ expectations of $127.44 million. During the same period in the previous year, the firm posted $0.71 earnings per share. As a group, analysts anticipate that FB Financial Co. will post 3.25 EPS for the current year.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on FBK shares. JPMorgan Chase & Co. dropped their price objective on FB Financial from $43.00 to $42.00 and set an “underweight” rating for the company in a research note on Thursday, June 27th. Keefe, Bruyette & Woods raised their price objective on FB Financial from $48.00 to $50.00 and gave the company a “market perform” rating in a research note on Wednesday, October 16th. Stephens reaffirmed an “overweight” rating and issued a $45.00 price objective on shares of FB Financial in a research note on Tuesday, July 16th. Hovde Group raised their price objective on FB Financial from $52.50 to $56.00 and gave the company an “outperform” rating in a research note on Monday. Finally, Piper Sandler downgraded FB Financial from an “overweight” rating to a “neutral” rating and raised their price objective for the company from $41.00 to $46.00 in a research note on Wednesday, July 17th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $47.80.

Hedge Funds Weigh In On FB Financial

A number of institutional investors have recently made changes to their positions in FBK. Vanguard Group Inc. raised its holdings in shares of FB Financial by 2.1% in the fourth quarter. Vanguard Group Inc. now owns 2,454,601 shares of the financial services provider’s stock worth $97,816,000 after acquiring an additional 49,313 shares during the last quarter. Allspring Global Investments Holdings LLC grew its position in shares of FB Financial by 1.7% in the first quarter. Allspring Global Investments Holdings LLC now owns 213,948 shares of the financial services provider’s stock valued at $8,057,000 after purchasing an additional 3,630 shares during the period. Wasatch Advisors LP grew its position in shares of FB Financial by 13.1% in the first quarter. Wasatch Advisors LP now owns 1,199,457 shares of the financial services provider’s stock valued at $45,172,000 after purchasing an additional 139,395 shares during the period. Principal Financial Group Inc. grew its position in shares of FB Financial by 7.3% in the first quarter. Principal Financial Group Inc. now owns 196,464 shares of the financial services provider’s stock valued at $7,399,000 after purchasing an additional 13,306 shares during the period. Finally, BNP Paribas Financial Markets grew its position in shares of FB Financial by 73.6% in the first quarter. BNP Paribas Financial Markets now owns 18,029 shares of the financial services provider’s stock valued at $679,000 after purchasing an additional 7,643 shares during the period. 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.