FB Financial Co. (NYSE:FBK – Get Free Report) major shareholder James W. Ayers acquired 2,000 shares of the stock in a transaction dated Wednesday, October 23rd. The shares were bought at an average price of $48.43 per share, with a total value of $96,860.00. Following the completion of the purchase, the insider now directly owns 10,898,341 shares of the company’s stock, valued at approximately $527,806,654.63. 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 this link. Major shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.
FB Financial Stock Performance
FBK stock traded down $0.86 during mid-day trading on Friday, hitting $47.79. 160,306 shares of the company were exchanged, compared to its average volume of 144,966. The firm has a market cap of $2.25 billion, a P/E ratio of 20.44 and a beta of 1.13. The firm’s 50 day simple moving average is $46.76 and its 200 day simple moving average is $41.89. FB Financial Co. has a 1-year low of $28.58 and a 1-year high of $51.40.
FB Financial (NYSE:FBK – Get Free Report) last announced its earnings results 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. FB Financial had a net margin of 15.34% and a return on equity of 10.24%. The business had revenue of $169.13 million during the quarter, compared to the consensus estimate of $127.44 million. During the same quarter in the previous year, the firm posted $0.71 EPS. On average, equities research analysts predict that FB Financial Co. will post 3.25 EPS for the current fiscal year.
Wall Street Analyst Weigh In
Read Our Latest Stock Analysis on FB Financial
Institutional Trading of FB Financial
Institutional investors have recently added to or reduced their stakes in the stock. Wasatch Advisors LP increased its holdings in FB Financial by 13.1% during the 1st 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 in the last quarter. Dimensional Fund Advisors LP increased its stake in FB Financial by 5.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,937,631 shares of the financial services provider’s stock worth $75,623,000 after acquiring an additional 106,553 shares during the last quarter. Salzhauer Michael purchased a new stake in shares of FB Financial during the 2nd quarter valued at $2,596,000. Quest Partners LLC bought a new position in FB Financial during the second quarter valued at approximately $450,000. Finally, CANADA LIFE ASSURANCE Co lifted its stake in shares of FB Financial by 7.5% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 30,315 shares of the financial services provider’s stock valued at $1,142,000 after acquiring an additional 2,103 shares during the last quarter. 65.40% of the stock is currently owned by institutional investors.
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.
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