James W. Ayers Acquires 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 FB Financial stock in a transaction that occurred on Monday, October 21st. The stock was acquired at an average cost of $48.17 per share, with a total value of $96,340.00. Following the completion of the purchase, the insider now owns 10,894,341 shares in the company, valued at approximately $524,780,405.97. This represents a 0.00 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Major shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.

FB Financial Stock Performance

Shares of NYSE FBK opened at $48.62 on Thursday. The firm has a market cap of $2.28 billion, a price-to-earnings ratio of 20.43 and a beta of 1.13. The business’s 50-day simple moving average is $46.76 and its 200-day simple moving average is $41.89. FB Financial Co. has a 52 week low of $27.75 and a 52 week high of $51.40.

FB Financial (NYSE:FBK) last issued its quarterly earnings data on Tuesday, October 15th. The financial services provider reported $0.86 EPS for the quarter, beating analysts’ consensus estimates of $0.82 by $0.04. The business had revenue of $169.13 million for the quarter, compared to analyst estimates of $127.44 million. FB Financial had a return on equity of 10.24% and a net margin of 15.34%. During the same quarter in the prior year, the firm posted $0.71 EPS. As a group, equities research analysts forecast that FB Financial Co. will post 3.25 earnings per share for the current year.

FB Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, August 20th. Stockholders of record on Tuesday, August 6th were issued a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.40%. The ex-dividend date was Tuesday, August 6th. FB Financial’s dividend payout ratio is 28.57%.

Analyst Upgrades and Downgrades

FBK has been the subject of several research analyst reports. Stephens reissued an “overweight” rating and issued a $45.00 price objective on shares of FB Financial in a research note on Tuesday, July 16th. Keefe, Bruyette & Woods increased their price objective on FB Financial from $48.00 to $50.00 and gave the stock a “market perform” rating in a research note on Wednesday, October 16th. Hovde Group raised their price target on FB Financial from $52.50 to $56.00 and gave the stock an “outperform” rating in a research note on Monday. Piper Sandler downgraded FB Financial from an “overweight” rating to a “neutral” rating and raised their price target for the stock from $41.00 to $46.00 in a research note on Wednesday, July 17th. Finally, JPMorgan Chase & Co. cut their price target on FB Financial from $43.00 to $42.00 and set an “underweight” rating for the company in a research note on Thursday, June 27th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $47.80.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in FBK. nVerses Capital LLC acquired a new stake in FB Financial in the 3rd quarter valued at approximately $84,000. SG Americas Securities LLC acquired a new stake in FB Financial in the 1st quarter valued at approximately $165,000. Renaissance Technologies LLC acquired a new stake in FB Financial in the 2nd quarter valued at approximately $217,000. ProShare Advisors LLC grew its holdings in FB Financial by 7.4% in the 1st quarter. ProShare Advisors LLC now owns 7,148 shares of the financial services provider’s stock valued at $269,000 after buying an additional 494 shares during the last quarter. Finally, B. Riley Wealth Advisors Inc. grew its holdings in FB Financial by 17.0% in the 1st quarter. B. Riley Wealth Advisors Inc. now owns 7,345 shares of the financial services provider’s stock valued at $277,000 after buying an additional 1,067 shares during the last quarter. Institutional investors and hedge funds 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.