James W. Iv Cross Sells 5,000 Shares of FB Financial Co. (NYSE:FBK) Stock

FB Financial Co. (NYSE:FBK) Director James W. Iv Cross sold 5,000 shares of the stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $58.22, for a total value of $291,100.00. Following the transaction, the director now owns 54,078 shares of the company’s stock, valued at approximately $3,148,421.16. This trade represents a 8.46 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

FB Financial Trading Down 0.4 %

Shares of NYSE:FBK opened at $56.31 on Friday. FB Financial Co. has a 12-month low of $32.09 and a 12-month high of $58.88. The stock has a market capitalization of $2.63 billion, a P/E ratio of 24.59 and a beta of 1.12. The stock’s 50-day moving average price is $48.40 and its 200-day moving average price is $43.53.

FB Financial (NYSE:FBK) last announced its quarterly earnings data 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. The company had revenue of $169.13 million during the quarter, compared to analyst estimates of $127.44 million. FB Financial had a net margin of 14.40% and a return on equity of 10.38%. During the same period in the previous year, the business earned $0.71 EPS. As a group, research analysts predict that FB Financial Co. will post 3.38 EPS for the current year.

FB Financial Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, November 19th. Shareholders of record on Tuesday, November 5th will be issued a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a yield of 1.21%. The ex-dividend date is Tuesday, November 5th. FB Financial’s dividend payout ratio is presently 29.69%.

Institutional Investors Weigh In On FB Financial

Several institutional investors have recently modified their holdings of FBK. BNP Paribas Financial Markets boosted its stake in shares of FB Financial by 73.6% during 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 in the last quarter. Texas Permanent School Fund Corp lifted its holdings in shares of FB Financial by 1.3% during the first quarter. Texas Permanent School Fund Corp now owns 30,747 shares of the financial services provider’s stock worth $1,158,000 after purchasing an additional 398 shares during the period. SG Americas Securities LLC purchased a new stake in FB Financial in the first quarter valued at $165,000. Illinois Municipal Retirement Fund raised its position in 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. Finally, Russell Investments Group Ltd. lifted its stake in shares of FB Financial by 13.5% in the 1st quarter. Russell Investments Group Ltd. now owns 12,796 shares of the financial services provider’s stock valued at $482,000 after purchasing an additional 1,518 shares during the period. 65.40% of the stock is owned by institutional investors.

Analyst Ratings Changes

FBK has been the subject of several research reports. StockNews.com downgraded FB Financial from a “hold” rating to a “sell” rating in a report on Friday, November 8th. Keefe, Bruyette & Woods boosted their price target 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. Finally, Hovde Group boosted their price target on FB Financial from $52.50 to $56.00 and gave the stock an “outperform” rating in a report on Monday, October 21st. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company 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.