James W. Ayers Purchases 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 stock in a transaction dated Monday, January 6th. The stock was acquired at an average price of $51.40 per share, for a total transaction of $102,800.00. Following the completion of the transaction, the insider now directly owns 10,913,841 shares of the company’s stock, valued at approximately $560,971,427.40. This represents a 0.02 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 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 0.6 %

FBK traded down $0.32 on Wednesday, hitting $50.16. The company had a trading volume of 158,444 shares, compared to its average volume of 148,969. FB Financial Co. has a 12-month low of $33.35 and a 12-month high of $58.88. The business’s fifty day simple moving average is $53.98 and its 200 day simple moving average is $48.22. The company has a market cap of $2.34 billion, a PE ratio of 21.90 and a beta of 1.16.

FB Financial (NYSE:FBK) last issued its quarterly earnings results on Tuesday, October 15th. The financial services provider reported $0.86 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.82 by $0.04. FB Financial had a return on equity of 10.38% and a net margin of 14.40%. The company had revenue of $169.13 million during the quarter, compared to the consensus estimate of $127.44 million. During the same period last year, the company earned $0.71 earnings per share. On average, analysts anticipate that FB Financial Co. will post 3.38 earnings per share for the current fiscal year.

FB Financial Announces Dividend

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

Analyst Ratings Changes

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

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of FBK. Dimensional Fund Advisors LP increased its holdings in FB Financial by 5.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,937,631 shares of the financial services provider’s stock worth $75,623,000 after purchasing an additional 106,553 shares during the period. Allspring Global Investments Holdings LLC raised its holdings in shares of FB Financial by 7.4% in the third quarter. Allspring Global Investments Holdings LLC now owns 229,829 shares of the financial services provider’s stock valued at $10,786,000 after acquiring an additional 15,739 shares in the last quarter. Geode Capital Management LLC lifted its stake in FB Financial by 0.9% in the third quarter. Geode Capital Management LLC now owns 815,361 shares of the financial services provider’s stock worth $38,272,000 after acquiring an additional 7,021 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in shares of FB Financial by 4.1% during the third quarter. Charles Schwab Investment Management Inc. now owns 373,345 shares of the financial services provider’s stock valued at $17,521,000 after purchasing an additional 14,797 shares in the last quarter. Finally, Salzhauer Michael purchased a new position in shares of FB Financial in the 2nd quarter valued at $2,596,000. Institutional investors own 65.40% of the company’s stock.

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.