FB Financial Co. (NYSE:FBK) Major Shareholder Purchases $104,140.00 in Stock

FB Financial Co. (NYSE:FBK) major shareholder James W. Ayers purchased 2,000 shares of the firm’s stock in a transaction on Monday, February 3rd. The stock was acquired at an average price of $52.07 per share, for a total transaction of $104,140.00. Following the transaction, the insider now owns 10,921,841 shares of the company’s stock, valued at $568,700,260.87. The trade was a 0.02 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Large shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.

FB Financial Trading Up 0.9 %

FBK stock traded up $0.48 during midday trading on Wednesday, reaching $53.50. The company had a trading volume of 132,574 shares, compared to its average volume of 150,125. The company has a 50 day moving average of $53.09 and a two-hundred day moving average of $49.87. FB Financial Co. has a 1 year low of $33.35 and a 1 year high of $58.88. The company has a market capitalization of $2.50 billion, a P/E ratio of 21.66 and a beta of 1.15.

FB Financial (NYSE:FBK) last issued its earnings results on Tuesday, January 21st. The financial services provider reported $0.85 EPS for the quarter, beating 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%. On average, sell-side analysts anticipate that FB Financial Co. will post 3.61 earnings per share for the current year.

FB Financial Increases Dividend

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

Institutional Trading of FB Financial

Several large investors have recently added to or reduced their stakes in FBK. Allspring Global Investments Holdings LLC raised its holdings in shares of FB Financial by 7.4% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 229,829 shares of the financial services provider’s stock valued at $10,786,000 after purchasing an additional 15,739 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of FB Financial by 0.9% in the third quarter. Geode Capital Management LLC now owns 815,361 shares of the financial services provider’s stock worth $38,272,000 after buying an additional 7,021 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of FB Financial by 4.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 373,345 shares of the financial services provider’s stock valued at $17,521,000 after acquiring an additional 14,797 shares during the last quarter. Raymond James & Associates lifted its holdings in FB Financial by 5.0% in the 3rd quarter. Raymond James & Associates now owns 129,545 shares of the financial services provider’s stock worth $6,080,000 after purchasing an additional 6,183 shares during the last quarter. Finally, Rosenthal Henry Capital Advisors Inc. bought a new stake in FB Financial during the third quarter worth approximately $1,935,000. 65.40% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have commented on FBK. Keefe, Bruyette & Woods raised their target price on shares of FB Financial from $50.00 to $58.00 and gave the stock a “market perform” rating in a report on Wednesday, December 4th. StockNews.com upgraded shares of FB Financial from a “sell” rating to a “hold” rating in a research report on Wednesday, January 22nd. Finally, Hovde Group cut FB Financial from an “outperform” rating to a “market perform” rating and set a $60.00 target price for the company. in a research report on Monday, November 18th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $50.20.

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.