FB Financial Co. (NYSE:FBK) Major Shareholder Purchases $97,020.00 in Stock

FB Financial Co. (NYSE:FBK - Get Free Report) major shareholder James W. Ayers purchased 2,000 shares of the company's stock in a transaction on Tuesday, March 4th. The shares were bought at an average price of $48.51 per share, for a total transaction of $97,020.00. Following the completion of the transaction, the insider now directly owns 10,931,841 shares in the company, valued at $530,303,606.91. This represents a 0.02 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Large shareholders that own more than 10% of a company's stock are required to disclose their transactions with the SEC.

FB Financial Stock Down 0.7 %

Shares of FB Financial stock traded down $0.32 during trading on Friday, hitting $47.03. The stock had a trading volume of 106,749 shares, compared to its average volume of 143,283. The stock has a 50 day simple moving average of $51.34 and a 200 day simple moving average of $50.75. FB Financial Co. has a 1 year low of $33.35 and a 1 year high of $58.88. The company has a market capitalization of $2.20 billion, a PE ratio of 19.04 and a beta of 1.15.

FB Financial (NYSE:FBK - Get Free Report) last issued its quarterly earnings data on Tuesday, January 21st. The financial services provider reported $0.85 earnings per share for the quarter, topping analysts' consensus estimates of $0.84 by $0.01. FB Financial had a net margin of 15.18% and a return on equity of 10.43%. As a group, equities analysts expect that FB Financial Co. will post 3.64 earnings per share for the current fiscal year.

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FB Financial Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, February 25th. Investors of record on Tuesday, February 11th were paid a dividend of $0.19 per share. This is a boost from FB Financial's previous quarterly dividend of $0.17. This represents a $0.76 annualized dividend and a yield of 1.62%. The ex-dividend date of this dividend was Tuesday, February 11th. FB Financial's dividend payout ratio is presently 30.77%.

Institutional Investors Weigh In On FB Financial

Institutional investors and hedge funds have recently bought and sold shares of the business. Entropy Technologies LP bought a new stake in shares of FB Financial in the 3rd quarter worth about $202,000. Empowered Funds LLC grew its holdings in shares of FB Financial by 5.3% in the 3rd quarter. Empowered Funds LLC now owns 138,718 shares of the financial services provider's stock worth $6,510,000 after purchasing an additional 6,968 shares during the last quarter. Quest Partners LLC grew its holdings in shares of FB Financial by 18.0% in the 3rd quarter. Quest Partners LLC now owns 13,610 shares of the financial services provider's stock worth $639,000 after purchasing an additional 2,072 shares during the last quarter. B. Metzler seel. Sohn & Co. Holding AG bought a new stake in shares of FB Financial in the 3rd quarter worth about $1,557,000. Finally, Intech Investment Management LLC bought a new stake in shares of FB Financial in the 3rd quarter worth about $330,000. Institutional investors own 65.40% of the company's stock.

Analyst Ratings Changes

FBK has been the topic of a number of recent analyst reports. StockNews.com upgraded shares of FB Financial from a "sell" rating to a "hold" rating in a research report on Wednesday, January 22nd. Hovde Group downgraded shares of FB Financial from an "outperform" rating to a "market perform" rating and set a $60.00 target price on the stock. in a report on Monday, November 18th. Finally, Keefe, Bruyette & Woods boosted their target price on shares of FB Financial from $50.00 to $58.00 and gave the stock a "market perform" rating in a report on Wednesday, December 4th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the company's stock. According to data from MarketBeat, FB Financial presently has a consensus rating of "Hold" and an average target price of $50.20.

FB Financial Company Profile

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.