Insider Buying: FB Financial Co. (NYSE:FBK) Major Shareholder Acquires 2,000 Shares of Stock

FB Financial Co. (NYSE:FBK) major shareholder James W. Ayers acquired 2,000 shares of the business’s stock in a transaction that occurred on Friday, January 31st. The stock was bought at an average cost of $52.56 per share, for a total transaction of $105,120.00. Following the completion of the transaction, the insider now directly owns 10,919,841 shares in the company, valued at $573,946,842.96. This represents a 0.02 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Large shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.

FB Financial Stock Performance

NYSE:FBK traded up $0.48 during mid-day trading on Wednesday, reaching $53.50. The stock had a trading volume of 132,574 shares, compared to its average volume of 149,649. The firm has a 50 day moving average price of $53.09 and a two-hundred day moving average price of $49.87. FB Financial Co. has a one year low of $33.35 and a one year high of $58.88. The stock has a market capitalization of $2.50 billion, a P/E ratio of 21.66 and a beta of 1.15.

FB Financial (NYSE:FBK) last announced its earnings results on Tuesday, January 21st. The financial services provider reported $0.85 earnings per share (EPS) for the quarter, topping 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%. Research analysts forecast that FB Financial Co. will post 3.61 earnings per share for the current year.

FB Financial Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, February 25th. Investors of record on Tuesday, February 11th will be given a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a yield of 1.42%. This is a positive change from FB Financial’s previous quarterly dividend of $0.17. The ex-dividend date is Tuesday, February 11th. FB Financial’s payout ratio is 27.53%.

Institutional Trading of FB Financial

Institutional investors and hedge funds have recently modified their holdings of the company. Point72 Asset Management L.P. bought a new stake in FB Financial in the 3rd quarter valued at $47,000. GAMMA Investing LLC increased its position in shares of FB Financial by 45.2% during the fourth 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 during the period. nVerses Capital LLC purchased a new position in FB Financial during the third quarter valued at approximately $84,000. KBC Group NV grew its position in shares of FB Financial by 36.2% in the 4th quarter. KBC Group NV now owns 2,090 shares of the financial services provider’s stock worth $108,000 after buying an additional 555 shares during the last quarter. Finally, Point72 DIFC Ltd acquired a new stake in FB Financial in the 3rd quarter worth approximately $110,000. 65.40% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research firms have recently issued reports on FBK. StockNews.com raised FB Financial from a “sell” rating to a “hold” rating in a research report on Wednesday, January 22nd. Hovde Group cut FB Financial from an “outperform” rating to a “market perform” rating and set a $60.00 target price for the company. in a report on Monday, November 18th. Finally, Keefe, Bruyette & Woods increased their price target on FB Financial from $50.00 to $58.00 and gave the company a “market perform” rating in a research note on Wednesday, December 4th. One analyst has rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, FB Financial has a consensus rating of “Hold” and an average target price of $50.20.

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.