FB Financial Co. (NYSE:FBK) Major Shareholder James W. Ayers Acquires 2,000 Shares

FB Financial Co. (NYSE:FBK - Get Free Report) major shareholder James W. Ayers acquired 2,000 shares of the company's stock in a transaction that occurred on Friday, January 10th. The shares were bought at an average cost of $48.46 per share, for a total transaction of $96,920.00. Following the transaction, the insider now owns 10,917,841 shares of the company's stock, valued at $529,078,574.86. This represents a 0.02 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Major shareholders that own at least 10% of a company's shares are required to disclose their transactions with the SEC.

FB Financial Price Performance

FB Financial stock traded down $1.45 during mid-day trading on Friday, reaching $48.82. 179,712 shares of the company traded hands, compared to its average volume of 154,085. The firm's fifty day moving average is $53.99 and its two-hundred day moving average is $48.24. The company has a market capitalization of $2.28 billion, a price-to-earnings ratio of 21.32 and a beta of 1.16. FB Financial Co. has a fifty-two week low of $33.35 and a fifty-two week high of $58.88.

FB Financial (NYSE:FBK - Get Free Report) last issued its 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 analyst estimates of $127.44 million. During the same quarter last year, the business posted $0.71 EPS. As a group, equities research analysts predict that FB Financial Co. will post 3.38 earnings per share for the current year.

FB Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, November 19th. Stockholders of record on Tuesday, November 5th were issued a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 1.39%. The ex-dividend date of this dividend was Tuesday, November 5th. FB Financial's dividend payout ratio (DPR) is currently 29.69%.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the stock. Keefe, Bruyette & Woods raised 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. StockNews.com lowered shares of FB Financial from a "hold" rating to a "sell" rating in a report on Friday, November 8th. Finally, Hovde Group lowered FB Financial from an "outperform" rating to a "market perform" rating and set a $60.00 price objective for the company. in a report on Monday, November 18th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, FB Financial has an average rating of "Hold" and a consensus price target of $50.20.

Institutional Investors Weigh In On FB Financial

Several hedge funds have recently added to or reduced their stakes in the business. GAMMA Investing LLC raised its stake in shares of FB Financial by 45.2% during the 4th quarter. GAMMA Investing LLC now owns 1,008 shares of the financial services provider's stock valued at $52,000 after buying an additional 314 shares during the last quarter. Stifel Financial Corp raised its position in FB Financial by 0.4% during the third quarter. Stifel Financial Corp now owns 80,665 shares of the financial services provider's stock valued at $3,786,000 after acquiring an additional 356 shares in the last quarter. Victory Capital Management Inc. lifted its holdings in FB Financial by 2.7% in the second quarter. Victory Capital Management Inc. now owns 17,556 shares of the financial services provider's stock valued at $685,000 after acquiring an additional 467 shares during the period. Rhumbline Advisers boosted its position in FB Financial by 0.4% in the 2nd quarter. Rhumbline Advisers now owns 111,351 shares of the financial services provider's stock worth $4,346,000 after purchasing an additional 482 shares in the last quarter. Finally, Captrust Financial Advisors grew its stake in shares of FB Financial by 1.9% during the 3rd quarter. Captrust Financial Advisors now owns 34,331 shares of the financial services provider's stock worth $1,611,000 after purchasing an additional 631 shares during the period. 65.40% of the stock is owned by hedge funds and other institutional investors.

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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