FB Financial Co. (NYSE:FBK) Major Shareholder Purchases $103,660.00 in Stock

FB Financial Co. (NYSE:FBK - Get Free Report) major shareholder James W. Ayers bought 2,000 shares of the business's stock in a transaction dated Wednesday, February 12th. The shares were bought at an average cost of $51.83 per share, with a total value of $103,660.00. Following the purchase, the insider now directly owns 10,927,841 shares of the company's stock, valued at approximately $566,389,999.03. This represents a 0.02 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Large shareholders that own at least 10% of a company's stock are required to disclose their transactions with the SEC.

FB Financial Stock Performance

Shares of NYSE FBK traded up $0.11 during trading on Tuesday, hitting $52.07. 6,093 shares of the company were exchanged, compared to its average volume of 145,770. The company has a fifty day moving average price of $52.43 and a 200-day moving average price of $50.25. The firm has a market capitalization of $2.43 billion, a PE ratio of 21.14 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.

FB Financial (NYSE:FBK - Get Free Report) last issued its 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 net margin of 15.18% and a return on equity of 10.43%. Research analysts anticipate that FB Financial Co. will post 3.64 earnings per share for the current fiscal year.

FB Financial Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, February 25th. Stockholders of record on Tuesday, February 11th will be paid a $0.19 dividend. This represents a $0.76 annualized dividend and a dividend yield of 1.46%. The ex-dividend date of this dividend is Tuesday, February 11th. This is a positive change from FB Financial's previous quarterly dividend of $0.17. FB Financial's dividend payout ratio is 27.53%.

Institutional Trading of FB Financial

Several institutional investors and hedge funds have recently bought and sold shares of FBK. Point72 Asset Management L.P. purchased a new position in shares of FB Financial during the 3rd quarter worth approximately $47,000. GAMMA Investing LLC boosted its position in shares of FB Financial by 45.2% during the fourth quarter. GAMMA Investing LLC now owns 1,008 shares of the financial services provider's stock worth $52,000 after buying an additional 314 shares during the period. Sterling Capital Management LLC grew its stake in shares of FB Financial by 810.6% in the fourth quarter. Sterling Capital Management LLC now owns 1,120 shares of the financial services provider's stock valued at $58,000 after buying an additional 997 shares in the last quarter. nVerses Capital LLC acquired a new position in FB Financial during the 3rd quarter worth about $84,000. Finally, KBC Group NV lifted its stake in FB Financial by 36.2% during the 4th quarter. KBC Group NV now owns 2,090 shares of the financial services provider's stock worth $108,000 after acquiring an additional 555 shares in the last quarter. 65.40% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the company. StockNews.com raised FB Financial from a "sell" rating to a "hold" rating in a research note 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 price target on the stock. in a research note on Monday, November 18th. Finally, Keefe, Bruyette & Woods boosted their price target on shares of FB Financial from $50.00 to $58.00 and gave the stock a "market perform" rating in a research report on Wednesday, December 4th. One research 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. According to data from MarketBeat.com, FB Financial presently has an average rating of "Hold" and a consensus 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.