FB Financial Co. (NYSE:FBK) Major Shareholder Purchases $100,580.00 in Stock

FB Financial Co. (NYSE:FBK) major shareholder James W. Ayers purchased 2,000 shares of the stock in a transaction dated Monday, October 28th. The stock was acquired at an average cost of $50.29 per share, for a total transaction of $100,580.00. Following the transaction, the insider now owns 10,904,341 shares of the company’s stock, valued at approximately $548,379,308.89. This trade represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. Major shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

FB Financial Price Performance

Shares of NYSE:FBK opened at $48.94 on Friday. The company’s fifty day moving average price is $47.33 and its 200-day moving average price is $42.53. The firm has a market capitalization of $2.30 billion, a price-to-earnings ratio of 21.37 and a beta of 1.13. FB Financial Co. has a one year low of $29.55 and a one year high of $51.63.

FB Financial (NYSE:FBK) last issued its quarterly earnings results on Tuesday, October 15th. The financial services provider reported $0.86 EPS for the quarter, topping analysts’ consensus estimates of $0.82 by $0.04. The firm 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 in the prior year, the firm earned $0.71 EPS. As a group, equities research analysts expect that FB Financial Co. will post 3.34 EPS for the current year.

FB Financial Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, November 19th. Stockholders of record on Tuesday, November 5th will be issued a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.39%. The ex-dividend date of this dividend is Tuesday, November 5th. FB Financial’s payout ratio is 29.69%.

Hedge Funds Weigh In On FB Financial

A number of institutional investors have recently made changes to their positions in the stock. Louisiana State Employees Retirement System boosted its stake in shares of FB Financial by 1.7% in the 2nd quarter. Louisiana State Employees Retirement System now owns 17,700 shares of the financial services provider’s stock valued at $691,000 after purchasing an additional 300 shares in the last quarter. Texas Permanent School Fund Corp boosted its stake in shares of FB Financial by 1.3% in the 1st quarter. Texas Permanent School Fund Corp now owns 30,747 shares of the financial services provider’s stock valued at $1,158,000 after purchasing an additional 398 shares in the last quarter. SummerHaven Investment Management LLC boosted its stake in shares of FB Financial by 1.6% in the 2nd quarter. SummerHaven Investment Management LLC now owns 25,895 shares of the financial services provider’s stock valued at $1,011,000 after purchasing an additional 412 shares in the last quarter. Victory Capital Management Inc. boosted its stake in shares of FB Financial by 2.7% in the 2nd quarter. Victory Capital Management Inc. now owns 17,556 shares of the financial services provider’s stock valued at $685,000 after purchasing an additional 467 shares in the last quarter. Finally, Illinois Municipal Retirement Fund boosted its stake in shares of FB Financial by 2.4% in the 1st quarter. Illinois Municipal Retirement Fund now owns 19,904 shares of the financial services provider’s stock valued at $750,000 after purchasing an additional 468 shares in the last quarter. Institutional investors own 65.40% of the company’s stock.

Analyst Ratings Changes

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

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.