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

FB Financial Co. (NYSE:FBK) major shareholder James W. Ayers purchased 2,000 shares of the stock in a transaction dated Monday, January 6th. The shares were purchased at an average price of $51.40 per share, with a total value of $102,800.00. Following the completion of the acquisition, the insider now owns 10,913,841 shares of the company’s stock, valued at approximately $560,971,427.40. This represents a 0.02 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Large shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.

FB Financial Stock Down 0.6 %

Shares of NYSE FBK opened at $50.16 on Friday. The stock has a market capitalization of $2.34 billion, a PE ratio of 21.90 and a beta of 1.16. The firm has a fifty day moving average of $53.99 and a 200-day moving average of $48.24. 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 results on Tuesday, October 15th. The financial services provider reported $0.86 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.82 by $0.04. The firm had revenue of $169.13 million during the quarter, compared to the consensus estimate of $127.44 million. FB Financial had a return on equity of 10.38% and a net margin of 14.40%. During the same quarter in the previous year, the business earned $0.71 earnings per share. Equities research analysts expect that FB Financial Co. will post 3.38 EPS for the current fiscal year.

FB Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, November 19th. Investors of record on Tuesday, November 5th were issued a $0.17 dividend. The ex-dividend date of this dividend was Tuesday, November 5th. This represents a $0.68 annualized dividend and a yield of 1.36%. FB Financial’s payout ratio is 29.69%.

Institutional Investors Weigh In On FB Financial

Institutional investors have recently bought and sold shares of the business. Rhumbline Advisers boosted its position in FB Financial by 0.4% during the 2nd quarter. Rhumbline Advisers now owns 111,351 shares of the financial services provider’s stock worth $4,346,000 after purchasing an additional 482 shares during the period. Victory Capital Management Inc. grew its stake in shares of FB Financial by 2.7% in the second quarter. Victory Capital Management Inc. now owns 17,556 shares of the financial services provider’s stock valued at $685,000 after buying an additional 467 shares in the last quarter. Quest Partners LLC purchased a new stake in shares of FB Financial during the 2nd quarter valued at about $450,000. American Century Companies Inc. lifted its position in FB Financial by 1.2% during the 2nd quarter. American Century Companies Inc. now owns 180,129 shares of the financial services provider’s stock worth $7,030,000 after acquiring an additional 2,110 shares in the last quarter. Finally, Envestnet Asset Management Inc. boosted its holdings in FB Financial by 2.2% in the 2nd quarter. Envestnet Asset Management Inc. now owns 204,983 shares of the financial services provider’s stock worth $8,001,000 after acquiring an additional 4,364 shares during the period. 65.40% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on FBK shares. StockNews.com lowered shares of FB Financial from a “hold” rating to a “sell” rating in a research report on Friday, November 8th. Keefe, Bruyette & Woods lifted their price objective on FB Financial from $50.00 to $58.00 and gave the company a “market perform” rating in a research report on Wednesday, December 4th. Finally, Hovde Group downgraded FB Financial from an “outperform” rating to a “market perform” rating and set a $60.00 target price on the stock. in a research report on Monday, November 18th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, FB Financial presently has a consensus rating of “Hold” and a consensus target price of $50.20.

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.