FB Financial Co. (NYSE:FBK – Get 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
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:FBK – Get 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
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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