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

FB Financial Co. (NYSE:FBK) major shareholder James W. Ayers bought 2,000 shares of the firm’s stock in a transaction on Tuesday, March 4th. The stock was bought at an average cost of $48.51 per share, for a total transaction of $97,020.00. Following the transaction, the insider now directly owns 10,931,841 shares of the company’s stock, valued at $530,303,606.91. 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. Major shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.

FB Financial Stock Down 1.2 %

FB Financial stock traded down $0.58 during mid-day trading on Wednesday, reaching $47.77. 148,287 shares of the company’s stock were exchanged, compared to its average volume of 144,819. FB Financial Co. has a twelve month low of $33.35 and a twelve month high of $58.88. The company has a market cap of $2.23 billion, a P/E ratio of 19.34 and a beta of 1.15. The company has a fifty day moving average of $51.63 and a 200-day moving average of $50.79.

FB Financial (NYSE:FBK) last announced its quarterly earnings data on Tuesday, January 21st. The financial services provider reported $0.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.84 by $0.01. FB Financial had a return on equity of 10.43% and a net margin of 15.18%. Equities research analysts expect that FB Financial Co. will post 3.64 earnings per share for the current fiscal year.

FB Financial Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, February 25th. Stockholders of record on Tuesday, February 11th were given a dividend of $0.19 per share. The ex-dividend date was 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 1.59%. FB Financial’s payout ratio is currently 30.77%.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Point72 Asset Management L.P. acquired a new stake in shares of FB Financial in the 3rd quarter valued at $47,000. GAMMA Investing LLC boosted its position in shares of FB Financial by 45.2% during the 4th quarter. GAMMA Investing LLC now owns 1,008 shares of the financial services provider’s stock worth $52,000 after acquiring an additional 314 shares in the last quarter. Sterling Capital Management LLC raised its position in shares of FB Financial by 810.6% during the 4th quarter. Sterling Capital Management LLC now owns 1,120 shares of the financial services provider’s stock worth $58,000 after acquiring an additional 997 shares in the last quarter. KBC Group NV lifted its stake in FB Financial by 36.2% during the fourth quarter. KBC Group NV now owns 2,090 shares of the financial services provider’s stock worth $108,000 after purchasing an additional 555 shares during the last quarter. Finally, Point72 DIFC Ltd purchased a new position in FB Financial in the third quarter valued at approximately $110,000. Hedge funds and other institutional investors own 65.40% of the company’s stock.

Analyst Ratings Changes

FBK has been the topic of several recent analyst reports. Hovde Group lowered 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 report on Monday, November 18th. Keefe, Bruyette & Woods upped their price target on FB Financial from $50.00 to $58.00 and gave the stock 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 analyst has rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently 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.