FB Financial Co. (NYSE:FBK) Major Shareholder Purchases $96,920.00 in Stock

FB Financial Co. (NYSE:FBK) major shareholder James W. Ayers bought 2,000 shares of FB Financial stock in a transaction on Friday, January 10th. The shares were acquired at an average cost of $48.46 per share, with a total value of $96,920.00. Following the completion of the acquisition, the insider now owns 10,917,841 shares of the company’s stock, valued at $529,078,574.86. The trade was a 0.02 % increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. 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 Stock Performance

Shares of FBK stock opened at $48.82 on Monday. The stock has a fifty day simple moving average of $53.99 and a two-hundred day simple moving average of $48.49. The firm has a market capitalization of $2.28 billion, a PE ratio of 21.32 and a beta of 1.16. FB Financial Co. has a 52-week low of $33.35 and a 52-week high of $58.88.

FB Financial (NYSE:FBK) last issued its 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. FB Financial had a return on equity of 10.38% and a net margin of 14.40%. The company had revenue of $169.13 million for the quarter, compared to the consensus estimate of $127.44 million. During the same quarter last year, the company earned $0.71 EPS. On average, sell-side analysts forecast that FB Financial Co. will post 3.38 EPS for the current fiscal year.

FB Financial Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, November 19th. Stockholders of record on Tuesday, November 5th were issued a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 1.39%. The ex-dividend date of this dividend was Tuesday, November 5th. FB Financial’s dividend payout ratio (DPR) is presently 29.69%.

Hedge Funds Weigh In On FB Financial

Several institutional investors have recently bought and sold shares of FBK. Point72 Asset Management L.P. purchased a new stake in FB Financial in the 3rd quarter worth $47,000. GAMMA Investing LLC increased its holdings in shares of FB Financial by 45.2% in the fourth quarter. GAMMA Investing LLC now owns 1,008 shares of the financial services provider’s stock worth $52,000 after purchasing an additional 314 shares during the last quarter. nVerses Capital LLC purchased a new stake in shares of FB Financial in the third quarter worth about $84,000. Point72 DIFC Ltd bought a new position in FB Financial during the third quarter valued at approximately $110,000. Finally, Point72 Asia Singapore Pte. Ltd. purchased a new position in FB Financial during the 3rd quarter valued at approximately $124,000. 65.40% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the company. StockNews.com lowered FB Financial from a “hold” rating to a “sell” rating in a research note on Friday, November 8th. Keefe, Bruyette & Woods raised their price objective on FB Financial from $50.00 to $58.00 and gave the stock a “market perform” rating in a research note on Wednesday, December 4th. Finally, Hovde Group downgraded FB Financial from an “outperform” rating to a “market perform” rating and set a $60.00 price objective for the company. in a research note on Monday, November 18th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $50.20.

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.