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

FB Financial Co. (NYSE:FBK) major shareholder James W. Ayers purchased 2,000 shares of the firm’s stock in a transaction dated Friday, January 31st. The shares were bought at an average cost of $52.56 per share, for a total transaction of $105,120.00. Following the completion of the purchase, the insider now directly owns 10,919,841 shares of the company’s stock, valued at $573,946,842.96. The trade was a 0.02 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Large shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.

FB Financial Price Performance

NYSE FBK opened at $53.50 on Thursday. The firm has a market cap of $2.50 billion, a P/E ratio of 21.66 and a beta of 1.15. The stock’s 50-day moving average is $53.09 and its 200-day moving average is $49.87. FB Financial Co. has a one year low of $33.35 and a one year high of $58.88.

FB Financial (NYSE:FBK) last released its quarterly earnings results on Tuesday, January 21st. The financial services provider reported $0.85 EPS for the quarter, topping analysts’ consensus estimates of $0.84 by $0.01. FB Financial had a return on equity of 10.43% and a net margin of 15.18%. Equities analysts anticipate that FB Financial Co. will post 3.61 EPS for the current year.

FB Financial Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 25th. Investors of record on Tuesday, February 11th will be issued a dividend of $0.19 per share. The ex-dividend date of this dividend is Tuesday, February 11th. This is an increase from FB Financial’s previous quarterly dividend of $0.17. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.42%. FB Financial’s dividend payout ratio (DPR) is presently 27.53%.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on FBK. Hovde Group cut shares of FB Financial from an “outperform” rating to a “market perform” rating and set a $60.00 price objective on the stock. in a research note on Monday, November 18th. Keefe, Bruyette & Woods increased their target price on FB Financial from $50.00 to $58.00 and gave the company a “market perform” rating in a research note on Wednesday, December 4th. Finally, StockNews.com raised FB Financial from a “sell” rating to a “hold” rating in a research note on Wednesday, January 22nd. One investment analyst has rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat.com, FB Financial currently 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. Point72 Asset Management L.P. bought a new position in FB Financial in the third quarter valued at approximately $47,000. GAMMA Investing LLC grew its stake in FB Financial by 45.2% in the fourth quarter. GAMMA Investing LLC now owns 1,008 shares of the financial services provider’s stock valued at $52,000 after purchasing an additional 314 shares in the last quarter. nVerses Capital LLC bought a new position in FB Financial in the third quarter valued at approximately $84,000. KBC Group NV grew its stake in FB Financial by 36.2% in the fourth quarter. KBC Group NV now owns 2,090 shares of the financial services provider’s stock valued at $108,000 after purchasing an additional 555 shares in the last quarter. Finally, Point72 DIFC Ltd bought a new position in FB Financial in the third quarter valued at approximately $110,000. 65.40% of the stock is currently owned by institutional investors.

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.