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

FB Financial Co. (NYSE:FBK) major shareholder James W. Ayers acquired 2,000 shares of the firm’s stock in a transaction that occurred on Monday, January 6th. The stock was bought at an average cost of $51.40 per share, with a total value of $102,800.00. Following the completion of the transaction, the insider now directly owns 10,913,841 shares in the company, valued at $560,971,427.40. The trade was a 0.02 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Large shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.

FB Financial Price Performance

NYSE FBK traded down $0.32 during trading hours on Wednesday, reaching $50.16. The company’s stock had a trading volume of 158,444 shares, compared to its average volume of 148,969. The firm has a market capitalization of $2.34 billion, a price-to-earnings ratio of 21.90 and a beta of 1.16. FB Financial Co. has a 1-year low of $33.35 and a 1-year high of $58.88. The company’s 50-day moving average is $53.98 and its two-hundred day moving average is $48.22.

FB Financial (NYSE:FBK) last issued its quarterly 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 14.40% and a return on equity of 10.38%. The company had revenue of $169.13 million during the quarter, compared to analyst estimates of $127.44 million. During the same quarter in the previous year, the firm earned $0.71 EPS. Equities analysts forecast that FB Financial Co. will post 3.38 EPS for the current fiscal year.

FB Financial Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, November 19th. Stockholders of record on Tuesday, November 5th were given a $0.17 dividend. The ex-dividend date was Tuesday, November 5th. This represents a $0.68 annualized dividend and a dividend yield of 1.36%. FB Financial’s dividend payout ratio (DPR) is presently 29.69%.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. Hovde Group downgraded FB Financial from an “outperform” rating to a “market perform” rating and set a $60.00 target price on the stock. in a research report on Monday, November 18th. StockNews.com lowered FB Financial from a “hold” rating to a “sell” rating in a research report on Friday, November 8th. Finally, Keefe, Bruyette & Woods increased their price objective on shares of FB Financial from $50.00 to $58.00 and gave the stock a “market perform” rating in a research note on Wednesday, December 4th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, FB Financial currently has a consensus rating of “Hold” and an average target price of $50.20.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Rhumbline Advisers boosted its position in shares of FB Financial by 0.4% during the 2nd quarter. Rhumbline Advisers now owns 111,351 shares of the financial services provider’s stock valued at $4,346,000 after acquiring an additional 482 shares during the last quarter. Victory Capital Management Inc. lifted its stake in FB Financial by 2.7% during the second quarter. Victory Capital Management Inc. now owns 17,556 shares of the financial services provider’s stock worth $685,000 after purchasing an additional 467 shares in the last quarter. Quest Partners LLC purchased a new position in shares of FB Financial during the second quarter worth $450,000. American Century Companies Inc. grew its stake in shares of FB Financial by 1.2% in the second quarter. American Century Companies Inc. now owns 180,129 shares of the financial services provider’s stock valued at $7,030,000 after buying an additional 2,110 shares in the last quarter. Finally, Envestnet Asset Management Inc. raised its holdings in shares of FB Financial by 2.2% in the 2nd quarter. Envestnet Asset Management Inc. now owns 204,983 shares of the financial services provider’s stock valued at $8,001,000 after buying an additional 4,364 shares during the period. Hedge funds and other institutional investors own 65.40% of the company’s stock.

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.