FB Financial Co. (NYSE:FBK) Major Shareholder Purchases $103,660.00 in Stock

FB Financial Co. (NYSE:FBK) major shareholder James W. Ayers acquired 2,000 shares of the company’s stock in a transaction dated Wednesday, February 12th. The shares were bought at an average cost of $51.83 per share, with a total value of $103,660.00. Following the completion of the acquisition, the insider now directly owns 10,927,841 shares in the company, valued at $566,389,999.03. The trade was a 0.02 % increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Large shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.

FB Financial Stock Down 0.4 %

FB Financial stock opened at $52.06 on Monday. The company has a market capitalization of $2.43 billion, a PE ratio of 21.08 and a beta of 1.15. The firm has a fifty day simple moving average of $52.50 and a two-hundred day simple moving average of $50.20. FB Financial Co. has a twelve month low of $33.35 and a twelve month high of $58.88.

FB Financial (NYSE:FBK) last released its quarterly earnings data on Tuesday, January 21st. The financial services provider reported $0.85 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.84 by $0.01. FB Financial had a net margin of 15.18% and a return on equity of 10.43%. As a group, equities analysts expect that FB Financial Co. will post 3.64 earnings per share for the current fiscal year.

FB Financial Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 25th. Shareholders of record on Tuesday, February 11th will be given a $0.19 dividend. This is a boost from FB Financial’s previous quarterly dividend of $0.17. The ex-dividend date of this dividend is Tuesday, February 11th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.46%. FB Financial’s payout ratio is presently 27.53%.

Hedge Funds Weigh In On FB Financial

Hedge funds have recently modified their holdings of the company. Point72 Asset Management L.P. bought a new position in FB Financial in the third quarter worth about $47,000. GAMMA Investing LLC lifted its holdings in FB Financial by 45.2% in the fourth quarter. GAMMA Investing LLC now owns 1,008 shares of the financial services provider’s stock worth $52,000 after buying an additional 314 shares during the period. Sterling Capital Management LLC lifted its holdings in FB Financial by 810.6% in the fourth quarter. Sterling Capital Management LLC now owns 1,120 shares of the financial services provider’s stock worth $58,000 after buying an additional 997 shares during the period. nVerses Capital LLC purchased a new stake in FB Financial in the third quarter worth about $84,000. Finally, KBC Group NV lifted its holdings in FB Financial by 36.2% in the fourth 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 period. Hedge funds and other institutional investors own 65.40% of the company’s stock.

Wall Street Analysts Forecast Growth

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