Insider Buying: FB Financial Co. (NYSE:FBK) Major Shareholder Buys 500 Shares of Stock

FB Financial Co. (NYSE:FBK - Get Free Report) major shareholder James W. Ayers acquired 500 shares of FB Financial stock in a transaction on Wednesday, October 30th. The shares were purchased at an average price of $51.00 per share, with a total value of $25,500.00. Following the completion of the purchase, the insider now owns 10,906,841 shares in the company, valued at $556,248,891. This represents a 0.00 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Large shareholders that own more than 10% of a company's shares are required to disclose their sales and purchases with the SEC.

FB Financial Stock Performance

Shares of FBK stock traded down $0.29 during trading hours on Friday, reaching $48.91. The company had a trading volume of 107,481 shares, compared to its average volume of 145,439. The business has a fifty day moving average price of $47.33 and a 200-day moving average price of $42.57. FB Financial Co. has a one year low of $29.55 and a one year high of $51.63. The firm has a market cap of $2.30 billion, a PE ratio of 21.36 and a beta of 1.13.

FB Financial (NYSE:FBK - Get Free Report) last announced its quarterly earnings results on Tuesday, October 15th. The financial services provider reported $0.86 EPS for the quarter, topping analysts' consensus estimates of $0.82 by $0.04. FB Financial had a net margin of 14.40% and a return on equity of 10.38%. The firm had revenue of $169.13 million during the quarter, compared to analyst estimates of $127.44 million. During the same period in the previous year, the business posted $0.71 earnings per share. Equities research analysts forecast that FB Financial Co. will post 3.34 EPS for the current year.

FB Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 19th. Investors of record on Tuesday, November 5th will be issued a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.39%. The ex-dividend date of this dividend is Tuesday, November 5th. FB Financial's payout ratio is 29.69%.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on FBK. Stephens restated an "overweight" rating and set a $45.00 price objective on shares of FB Financial in a research note on Tuesday, July 16th. Keefe, Bruyette & Woods raised their price objective on shares of FB Financial from $48.00 to $50.00 and gave the company a "market perform" rating in a research note on Wednesday, October 16th. StockNews.com lowered shares of FB Financial from a "hold" rating to a "sell" rating in a research note on Wednesday. Piper Sandler lowered shares of FB Financial from an "overweight" rating to a "neutral" rating and raised their price objective for the company from $41.00 to $46.00 in a research note on Wednesday, July 17th. Finally, Hovde Group lifted their price target on shares of FB Financial from $52.50 to $56.00 and gave the stock an "outperform" rating in a research note on Monday, October 21st. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $47.80.

Hedge Funds Weigh In On FB Financial

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. boosted its holdings in shares of FB Financial by 0.4% in the first quarter. Vanguard Group Inc. now owns 2,464,295 shares of the financial services provider's stock worth $92,805,000 after buying an additional 9,694 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of FB Financial by 5.8% in the second quarter. Dimensional Fund Advisors LP now owns 1,937,631 shares of the financial services provider's stock worth $75,623,000 after buying an additional 106,553 shares during the last quarter. Janus Henderson Group PLC boosted its holdings in shares of FB Financial by 3.0% in the first quarter. Janus Henderson Group PLC now owns 1,136,818 shares of the financial services provider's stock worth $42,812,000 after buying an additional 33,310 shares during the last quarter. Heartland Advisors Inc. boosted its holdings in shares of FB Financial by 22.0% in the first quarter. Heartland Advisors Inc. now owns 318,622 shares of the financial services provider's stock worth $11,999,000 after buying an additional 57,355 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC boosted its holdings in shares of FB Financial by 7.4% in the third quarter. Allspring Global Investments Holdings LLC now owns 229,829 shares of the financial services provider's stock worth $10,786,000 after buying an additional 15,739 shares during the last quarter. Hedge funds and other institutional investors own 65.40% of the company's stock.

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.