James W. Iv Cross Acquires 7,200 Shares of FB Financial Co. (NYSE:FBK) Stock

FB Financial Co. (NYSE:FBK - Get Free Report) Director James W. Iv Cross acquired 7,200 shares of the firm's stock in a transaction dated Wednesday, April 16th. The stock was bought at an average price of $40.49 per share, with a total value of $291,528.00. Following the purchase, the director now directly owns 61,278 shares in the company, valued at approximately $2,481,146.22. This trade represents a 13.31 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

FB Financial Trading Up 0.5 %

Shares of NYSE:FBK traded up $0.21 during midday trading on Wednesday, hitting $40.55. The stock had a trading volume of 349,981 shares, compared to its average volume of 166,784. FB Financial Co. has a 1 year low of $33.35 and a 1 year high of $58.88. The stock has a 50 day moving average price of $47.07 and a two-hundred day moving average price of $50.32. The company has a market capitalization of $1.89 billion, a PE ratio of 16.42 and a beta of 0.92.

FB Financial (NYSE:FBK - Get Free Report) last announced its quarterly earnings data on Monday, April 14th. The financial services provider reported $0.85 earnings per share for the quarter, meeting analysts' consensus estimates of $0.85. The company had revenue of $130.67 million for the quarter, compared to analyst estimates of $132.28 million. FB Financial had a return on equity of 10.43% and a net margin of 15.18%. During the same quarter in the previous year, the company earned $0.85 EPS. As a group, equities 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 was paid on Tuesday, February 25th. Shareholders of record on Tuesday, February 11th were given a $0.19 dividend. This is a boost from FB Financial's previous quarterly dividend of $0.17. The ex-dividend date was Tuesday, February 11th. This represents a $0.76 annualized dividend and a yield of 1.87%. FB Financial's dividend payout ratio is presently 30.77%.

Institutional Investors Weigh In On FB Financial

Hedge funds and other institutional investors have recently bought and sold shares of the business. GAMMA Investing LLC increased its holdings in shares of FB Financial by 45.2% in the 4th quarter. GAMMA Investing LLC now owns 1,008 shares of the financial services provider's stock valued at $52,000 after purchasing an additional 314 shares in the last quarter. Sterling Capital Management LLC increased its holdings in 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. KBC Group NV lifted its position in shares of FB Financial by 36.2% during the 4th quarter. KBC Group NV now owns 2,090 shares of the financial services provider's stock valued at $108,000 after acquiring an additional 555 shares during the period. LPL Financial LLC purchased a new stake in shares of FB Financial during the 4th quarter worth approximately $206,000. Finally, Covenant Partners LLC acquired a new stake in shares of FB Financial in the 4th quarter worth approximately $211,000. Institutional investors and hedge funds own 65.40% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on FBK shares. StockNews.com upgraded shares of FB Financial from a "sell" rating to a "hold" rating in a research note on Wednesday, January 22nd. Stephens reduced their price target on shares of FB Financial from $65.00 to $58.00 and set an "overweight" rating for the company in a research report on Wednesday, April 2nd. Hovde Group raised shares of FB Financial from a "market perform" rating to an "outperform" rating and lowered their price objective for the stock from $60.00 to $59.00 in a research report on Tuesday, April 1st. Finally, Piper Sandler upped their target price on shares of FB Financial from $58.00 to $60.00 and gave the company an "overweight" rating in a report on Wednesday, April 2nd. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $55.40.

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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