Insider Selling: FB Financial Co. (NYSE:FBK) Director Sells 5,000 Shares of Stock

FB Financial Co. (NYSE:FBK) Director James W. Iv Cross sold 5,000 shares of the business’s stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $58.22, for a total transaction of $291,100.00. Following the completion of the transaction, the director now owns 54,078 shares in the company, valued at $3,148,421.16. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

FB Financial Stock Performance

Shares of FBK stock opened at $56.51 on Thursday. The business’s 50 day moving average price is $48.22 and its 200-day moving average price is $43.43. The firm has a market cap of $2.64 billion, a P/E ratio of 25.29 and a beta of 1.12. FB Financial Co. has a fifty-two week low of $32.09 and a fifty-two week high of $58.88.

FB Financial (NYSE:FBK) last released its quarterly earnings results on Tuesday, October 15th. The financial services provider reported $0.86 earnings per share (EPS) for the quarter, beating 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 business had revenue of $169.13 million during the quarter, compared to the consensus estimate of $127.44 million. During the same period in the previous year, the company posted $0.71 EPS. As a group, equities analysts predict that FB Financial Co. will post 3.38 EPS for the current year.

FB Financial Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, November 19th. Shareholders of record on Tuesday, November 5th will be issued a $0.17 dividend. The ex-dividend date is Tuesday, November 5th. This represents a $0.68 dividend on an annualized basis and a yield of 1.20%. FB Financial’s dividend payout ratio is currently 29.69%.

Institutional Investors Weigh In On FB Financial

A number of hedge funds have recently made changes to their positions in FBK. BNP Paribas Financial Markets raised its holdings in FB Financial by 27.2% during the 3rd quarter. BNP Paribas Financial Markets now owns 9,760 shares of the financial services provider’s stock valued at $458,000 after buying an additional 2,090 shares during the period. FMR LLC lifted its position in shares of FB Financial by 42.0% in the 3rd quarter. FMR LLC now owns 7,129 shares of the financial services provider’s stock worth $335,000 after purchasing an additional 2,109 shares during the period. The Manufacturers Life Insurance Company boosted its position in FB Financial by 7.3% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 19,284 shares of the financial services provider’s stock valued at $905,000 after acquiring an additional 1,317 shares in the last quarter. Alpha DNA Investment Management LLC purchased a new position in FB Financial in the third quarter valued at about $406,000. Finally, Raymond James Trust N.A. purchased a new position in FB Financial in the third quarter worth $201,000. 65.40% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts have weighed in on the company. Piper Sandler downgraded FB Financial from an “overweight” rating to a “neutral” rating and increased their price target for the stock from $41.00 to $46.00 in a report on Wednesday, July 17th. Keefe, Bruyette & Woods boosted their price target on shares of FB Financial from $48.00 to $50.00 and gave the company a “market perform” rating in a research note on Wednesday, October 16th. StockNews.com cut FB Financial from a “hold” rating to a “sell” rating in a research report on Friday, November 8th. Finally, Hovde Group increased their price target on FB Financial from $52.50 to $56.00 and gave the company an “outperform” rating in a research report on Monday, October 21st. Two equities 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 company’s stock. Based on data from MarketBeat.com, FB Financial has a consensus 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.