FB Financial Co. (NYSE:FBK) Short Interest Update

FB Financial Co. (NYSE:FBKGet Free Report) was the recipient of a significant increase in short interest in the month of October. As of October 15th, there was short interest totalling 509,900 shares, an increase of 15.3% from the September 30th total of 442,300 shares. Based on an average daily trading volume, of 143,800 shares, the short-interest ratio is currently 3.5 days. Approximately 1.5% of the shares of the stock are short sold.

Insider Activity

In other news, major shareholder James W. Ayers acquired 2,000 shares of FB Financial stock in a transaction that occurred on Monday, October 21st. The stock was bought at an average price of $48.17 per share, with a total value of $96,340.00. Following the completion of the purchase, the insider now owns 10,894,341 shares in the company, valued at approximately $524,780,405.97. The trade was a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this link. In other news, major shareholder James W. Ayers purchased 2,000 shares of the business’s stock in a transaction on Monday, October 21st. The stock was purchased at an average cost of $48.17 per share, with a total value of $96,340.00. Following the acquisition, the insider now directly owns 10,894,341 shares in the company, valued at approximately $524,780,405.97. This trade represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder James W. Ayers purchased 1,500 shares of FB Financial stock in a transaction dated Friday, October 18th. The shares were purchased at an average price of $49.58 per share, with a total value of $74,370.00. Following the completion of the transaction, the insider now directly owns 10,892,341 shares in the company, valued at approximately $540,042,266.78. This represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have purchased a total of 9,500 shares of company stock worth $464,410 over the last ninety days. Company insiders own 1.70% of the company’s stock.

Institutional Investors Weigh In On FB Financial

A number of hedge funds and other institutional investors have recently modified their holdings of FBK. nVerses Capital LLC bought a new position in FB Financial during the 3rd quarter worth approximately $84,000. SG Americas Securities LLC purchased a new position in shares of FB Financial in the first quarter worth $165,000. Renaissance Technologies LLC purchased a new position in shares of FB Financial in the second quarter worth $217,000. ProShare Advisors LLC raised its holdings 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 buying an additional 494 shares during the last quarter. Finally, B. Riley Wealth Advisors Inc. boosted its position in FB Financial by 17.0% during 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 buying an additional 1,067 shares during the period. Institutional investors own 65.40% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on FBK. Stephens reiterated an “overweight” rating and set a $45.00 price target on shares of FB Financial in a research report on Tuesday, July 16th. StockNews.com lowered shares of FB Financial from a “hold” rating to a “sell” rating in a research report on Wednesday. Hovde Group boosted their price target on shares of FB Financial from $52.50 to $56.00 and gave the stock an “outperform” rating in a research note on Monday, October 21st. Piper Sandler cut shares of FB Financial from an “overweight” rating to a “neutral” rating and raised their price objective for the company from $41.00 to $46.00 in a research report on Wednesday, July 17th. Finally, Keefe, Bruyette & Woods upped 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. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $47.80.

Get Our Latest Report on FB Financial

FB Financial Price Performance

Shares of NYSE FBK opened at $50.41 on Thursday. The stock has a market capitalization of $2.37 billion, a P/E ratio of 21.18 and a beta of 1.13. FB Financial has a one year low of $28.79 and a one year high of $51.63. The firm’s 50 day simple moving average is $47.23 and its two-hundred day simple moving average is $42.38.

FB Financial (NYSE:FBKGet Free Report) last released its earnings results on Tuesday, October 15th. The financial services provider reported $0.86 EPS for the quarter, beating the consensus estimate of $0.82 by $0.04. The company had revenue of $169.13 million for the quarter, compared to analyst estimates of $127.44 million. FB Financial had a net margin of 14.40% and a return on equity of 10.38%. During the same quarter last year, the firm earned $0.71 EPS. As a group, equities analysts expect that FB Financial will post 3.34 earnings per share for the current fiscal year.

FB Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 19th. Stockholders of record on Tuesday, November 5th will be paid a dividend of $0.17 per share. The ex-dividend date is Tuesday, November 5th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.35%. FB Financial’s dividend payout ratio (DPR) is currently 28.57%.

About FB Financial

(Get Free Report)

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.

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