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 dated Monday, December 23rd. The stock was bought at an average cost of $51.86 per share, for a total transaction of $103,720.00. Following the purchase, the insider now directly owns 10,911,841 shares of the company’s stock, valued at approximately $565,888,074.26. This trade represents a 0.02 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Large shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.

FB Financial Stock Performance

FBK stock traded up $0.34 during midday trading on Monday, reaching $51.82. 108,498 shares of the company traded hands, compared to its average volume of 149,568. The firm has a market capitalization of $2.42 billion, a price-to-earnings ratio of 22.63 and a beta of 1.15. The business has a 50 day moving average of $53.34 and a 200-day moving average of $46.91. FB Financial Co. has a 52-week low of $33.35 and a 52-week high of $58.88.

FB Financial (NYSE:FBK) last posted its quarterly earnings data on Tuesday, October 15th. The financial services provider reported $0.86 EPS for the quarter, topping the consensus estimate 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 firm earned $0.71 earnings per share. Research analysts anticipate that FB Financial Co. will post 3.38 earnings per share for the current year.

FB Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, November 19th. Shareholders of record on Tuesday, November 5th were paid a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 1.31%. The ex-dividend date was Tuesday, November 5th. FB Financial’s payout ratio is currently 29.69%.

Analyst Ratings Changes

A number of equities analysts have weighed in on the stock. Keefe, Bruyette & Woods upped their price target on shares of FB Financial from $50.00 to $58.00 and gave the stock a “market perform” rating in a research report on Wednesday, December 4th. Hovde Group cut shares of FB Financial from an “outperform” rating to a “market perform” rating and set a $60.00 price target on the stock. in a research note on Monday, November 18th. Finally, StockNews.com lowered FB Financial from a “hold” rating to a “sell” rating in a research report on Friday, November 8th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $50.20.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of FBK. Franklin Resources Inc. boosted its holdings in FB Financial by 103.7% during the 3rd quarter. Franklin Resources Inc. now owns 42,182 shares of the financial services provider’s stock valued at $2,013,000 after acquiring an additional 21,475 shares during the period. Geode Capital Management LLC boosted its position in FB Financial by 0.9% in the 3rd quarter. Geode Capital Management LLC now owns 815,361 shares of the financial services provider’s stock valued at $38,272,000 after buying an additional 7,021 shares during the period. Barclays PLC boosted its holdings in shares of FB Financial by 58.3% in the third quarter. Barclays PLC now owns 94,062 shares of the financial services provider’s stock valued at $4,415,000 after purchasing an additional 34,633 shares during the period. Y Intercept Hong Kong Ltd bought a new position in shares of FB Financial during the 3rd quarter worth $346,000. Finally, Jane Street Group LLC increased its stake in shares of FB Financial by 120.6% during the third quarter. Jane Street Group LLC now owns 71,487 shares of the financial services provider’s stock valued at $3,355,000 after buying an additional 39,086 shares during the period. Institutional investors 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.