FB Financial Co. (NYSE:FBK) Major Shareholder Purchases $96,860.00 in Stock

FB Financial Co. (NYSE:FBK) 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) 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

Several research analysts have recently commented on FBK shares. JPMorgan Chase & Co. lowered their price target on FB Financial from $43.00 to $42.00 and set an “underweight” rating for the company in a research report on Thursday, June 27th. Keefe, Bruyette & Woods lifted their target price on shares of FB Financial from $48.00 to $50.00 and gave the stock a “market perform” rating in a research report on Wednesday, October 16th. Piper Sandler downgraded FB Financial from an “overweight” rating to a “neutral” rating and increased their target price for the stock from $41.00 to $46.00 in a research report on Wednesday, July 17th. Stephens reiterated an “overweight” rating and issued a $45.00 target price on shares of FB Financial in a research note on Tuesday, July 16th. Finally, Hovde Group lifted their target price on FB Financial from $52.50 to $56.00 and gave the stock an “outperform” rating in a research report on Monday. One research analyst has rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $47.80.

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.