James W. Ayers Acquires 1,500 Shares of FB Financial Co. (NYSE:FBK) Stock

FB Financial Co. (NYSE:FBK) major shareholder James W. Ayers bought 1,500 shares of the firm’s stock in a transaction on Friday, October 18th. The shares were purchased at an average price of $49.58 per share, for a total transaction of $74,370.00. Following the purchase, the insider now owns 10,892,341 shares in the company, valued at $540,042,266.78. This trade represents a 0.00 % increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. Large shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

FB Financial Stock Performance

FBK stock opened at $48.62 on Thursday. The firm has a fifty day moving average price of $46.76 and a 200 day moving average price of $41.89. FB Financial Co. has a fifty-two week low of $27.75 and a fifty-two week high of $51.40. The firm has a market cap of $2.28 billion, a PE ratio of 20.43 and a beta of 1.13.

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 15.34% and a return on equity of 10.24%. During the same period in the previous year, the firm earned $0.71 earnings per share. On average, equities analysts predict that FB Financial Co. will post 3.25 EPS for the current year.

FB Financial Announces Dividend

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of FBK. Vanguard Group Inc. boosted its stake in FB Financial by 2.1% during the fourth quarter. Vanguard Group Inc. now owns 2,454,601 shares of the financial services provider’s stock worth $97,816,000 after buying an additional 49,313 shares during the period. Allspring Global Investments Holdings LLC lifted its position in shares of FB Financial by 1.7% during the first quarter. Allspring Global Investments Holdings LLC now owns 213,948 shares of the financial services provider’s stock worth $8,057,000 after purchasing an additional 3,630 shares during the last quarter. Wasatch Advisors LP lifted its position in shares of FB Financial by 13.1% during the first quarter. Wasatch Advisors LP now owns 1,199,457 shares of the financial services provider’s stock worth $45,172,000 after purchasing an additional 139,395 shares during the last quarter. Principal Financial Group Inc. lifted its position in shares of FB Financial by 7.3% during the first quarter. Principal Financial Group Inc. now owns 196,464 shares of the financial services provider’s stock worth $7,399,000 after purchasing an additional 13,306 shares during the last quarter. Finally, BNP Paribas Financial Markets lifted its position 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 worth $679,000 after purchasing an additional 7,643 shares during the last quarter. 65.40% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

FBK has been the subject of a number of research analyst reports. Hovde Group increased their price objective on shares of FB Financial from $52.50 to $56.00 and gave the company an “outperform” rating in a report on Monday. Stephens reaffirmed an “overweight” rating and set a $45.00 price objective on shares of FB Financial in a report on Tuesday, July 16th. Keefe, Bruyette & Woods increased their price objective on shares of FB Financial from $48.00 to $50.00 and gave the company a “market perform” rating in a report on Wednesday, October 16th. Piper Sandler lowered shares of FB Financial from an “overweight” rating to a “neutral” rating and raised their target price for the company from $41.00 to $46.00 in a report on Wednesday, July 17th. Finally, JPMorgan Chase & Co. cut their target price on shares of FB Financial from $43.00 to $42.00 and set an “underweight” rating for the company in a report 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 assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $47.80.

FB Financial Company Profile

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.