James W. Ayers Purchases 2,000 Shares of FB Financial Co. (NYSE:FBK) Stock

FB Financial Co. (NYSE:FBK) major shareholder James W. Ayers purchased 2,000 shares of FB Financial stock in a transaction dated Tuesday, March 4th. The stock was bought at an average price of $48.51 per share, for a total transaction of $97,020.00. Following the completion of the purchase, the insider now owns 10,931,841 shares in the company, valued at $530,303,606.91. This represents a 0.02 % increase in their position. The acquisition was disclosed in a legal 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 sales and purchases with the SEC.

FB Financial Price Performance

Shares of NYSE FBK opened at $47.26 on Friday. The company has a 50 day simple moving average of $51.43 and a 200 day simple moving average of $50.74. The firm has a market cap of $2.21 billion, a PE ratio of 19.13 and a beta of 1.15. FB Financial Co. has a 1 year low of $33.35 and a 1 year high of $58.88.

FB Financial (NYSE:FBK) last issued its quarterly earnings data on Tuesday, January 21st. The financial services provider reported $0.85 earnings per share (EPS) for the quarter, beating 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, research analysts anticipate that FB Financial Co. will post 3.64 earnings per share for the current fiscal year.

FB Financial Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, February 25th. Shareholders of record on Tuesday, February 11th were 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 was Tuesday, February 11th. This represents a $0.76 annualized dividend and a yield of 1.61%. FB Financial’s dividend payout ratio (DPR) is presently 30.77%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on FBK shares. Keefe, Bruyette & Woods raised their price target on shares of FB Financial from $50.00 to $58.00 and gave the company a “market perform” rating in a research note on Wednesday, December 4th. StockNews.com upgraded shares of FB Financial from a “sell” rating to a “hold” rating in a research note on Wednesday, January 22nd. Finally, 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. One analyst has rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, FB Financial currently has an average rating of “Hold” and an average price target of $50.20.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Geode Capital Management LLC raised its holdings in FB Financial by 0.9% during the 3rd quarter. Geode Capital Management LLC now owns 815,361 shares of the financial services provider’s stock worth $38,272,000 after purchasing an additional 7,021 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in FB Financial by 4.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 373,345 shares of the financial services provider’s stock worth $17,521,000 after purchasing an additional 14,797 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in FB Financial by 8.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 66,775 shares of the financial services provider’s stock worth $3,134,000 after purchasing an additional 4,918 shares during the last quarter. B. Metzler seel. Sohn & Co. Holding AG bought a new position in FB Financial during the 3rd quarter worth approximately $1,557,000. Finally, FMR LLC raised its holdings in FB Financial by 42.0% during the 3rd quarter. FMR LLC now owns 7,129 shares of the financial services provider’s stock worth $335,000 after purchasing an additional 2,109 shares during the last quarter. Institutional investors own 65.40% of the company’s stock.

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.