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 stock in a transaction that occurred on Friday, October 25th. The stock was acquired at an average price of $48.13 per share, for a total transaction of $96,260.00. Following the completion of the transaction, the insider now owns 10,902,341 shares in the company, valued at $524,729,672.33. This trade represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Major shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.

FB Financial Trading Down 1.7 %

Shares of NYSE:FBK opened at $47.80 on Friday. The stock has a market capitalization of $2.25 billion, a PE ratio of 20.08 and a beta of 1.13. FB Financial Co. has a 1 year low of $28.58 and a 1 year high of $51.40. The firm has a fifty day moving average price of $46.92 and a 200 day moving average price of $42.02.

FB Financial (NYSE:FBK) last issued its quarterly earnings data on Tuesday, October 15th. The financial services provider reported $0.86 EPS for the quarter, beating analysts’ consensus estimates of $0.82 by $0.04. The business had revenue of $169.13 million for the quarter, compared to analyst estimates of $127.44 million. FB Financial had a return on equity of 10.24% and a net margin of 15.34%. During the same quarter in the prior year, the firm posted $0.71 EPS. On average, sell-side analysts forecast that FB Financial Co. will post 3.25 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the stock. Stephens restated an “overweight” rating and set a $45.00 price objective on shares of FB Financial in a research note on Tuesday, July 16th. Piper Sandler downgraded shares of FB Financial from an “overweight” rating to a “neutral” rating and boosted their target price for the company from $41.00 to $46.00 in a research note on Wednesday, July 17th. Hovde Group raised 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, October 21st. Finally, Keefe, Bruyette & Woods lifted their price objective on FB Financial from $48.00 to $50.00 and gave the company a “market perform” rating in a research report on Wednesday, October 16th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $47.80.

Institutional Investors Weigh In On FB Financial

Several hedge funds and other institutional investors have recently made changes to their positions in the business. nVerses Capital LLC acquired a new position in shares of FB Financial during the third quarter worth approximately $84,000. SG Americas Securities LLC bought a new position in FB Financial during the first quarter worth $165,000. Renaissance Technologies LLC bought a new position in FB Financial during the second quarter worth $217,000. ProShare Advisors LLC raised its stake in FB Financial by 7.4% during the 1st quarter. ProShare Advisors LLC now owns 7,148 shares of the financial services provider’s stock valued at $269,000 after purchasing an additional 494 shares during the last quarter. Finally, B. Riley Wealth Advisors Inc. boosted its holdings in FB Financial by 17.0% in the 1st quarter. B. Riley Wealth Advisors Inc. now owns 7,345 shares of the financial services provider’s stock valued at $277,000 after purchasing an additional 1,067 shares during the period. 65.40% of the stock is owned by institutional investors and hedge funds.

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.