James W. Ayers Buys 2,000 Shares of FB Financial Co. (NYSE:FBK) 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 Monday, February 3rd. The stock was acquired at an average cost of $52.07 per share, for a total transaction of $104,140.00. Following the completion of the purchase, the insider now owns 10,921,841 shares of the company's stock, valued at approximately $568,700,260.87. This trade represents a 0.02 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Large shareholders that own at least 10% of a company's shares are required to disclose their sales and purchases with the SEC.

FB Financial Stock Down 2.7 %

FB Financial stock traded down $1.48 during midday trading on Friday, reaching $52.89. The stock had a trading volume of 173,629 shares, compared to its average volume of 140,475. The firm has a market capitalization of $2.47 billion, a PE ratio of 21.41 and a beta of 1.15. FB Financial Co. has a 12 month low of $33.35 and a 12 month high of $58.88. The firm's 50-day moving average price is $52.92 and its 200 day moving average price is $49.99.

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

FB Financial Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 25th. Stockholders of record on Tuesday, February 11th will be issued a dividend of $0.19 per share. This is a positive change from FB Financial's previous quarterly dividend of $0.17. The ex-dividend date is Tuesday, February 11th. This represents a $0.76 annualized dividend and a dividend yield of 1.44%. FB Financial's payout ratio is presently 27.53%.

Institutional Investors Weigh In On FB Financial

Several hedge funds have recently bought and sold shares of FBK. Renaissance Technologies LLC purchased a new position in shares of FB Financial during the 2nd quarter valued at about $217,000. Marshall Wace LLP bought a new position in FB Financial during the second quarter valued at approximately $630,000. AQR Capital Management LLC raised its stake in shares of FB Financial by 30.5% during the second quarter. AQR Capital Management LLC now owns 40,704 shares of the financial services provider's stock worth $1,589,000 after acquiring an additional 9,512 shares in the last quarter. Millennium Management LLC lifted its holdings in shares of FB Financial by 259.9% in the 2nd quarter. Millennium Management LLC now owns 118,569 shares of the financial services provider's stock worth $4,628,000 after acquiring an additional 85,620 shares during the last quarter. Finally, The Manufacturers Life Insurance Company boosted its stake in shares of FB Financial by 4.3% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 17,967 shares of the financial services provider's stock valued at $701,000 after purchasing an additional 743 shares in the last quarter. 65.40% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

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

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.