FB Financial Co. (NYSE:FBK) Major Shareholder James W. Ayers Buys 2,000 Shares

FB Financial Co. (NYSE:FBK) major shareholder James W. Ayers acquired 2,000 shares of the stock in a transaction dated Monday, October 21st. The stock was acquired at an average cost of $48.17 per share, with a total value of $96,340.00. Following the transaction, the insider now owns 10,894,341 shares of the company’s stock, valued at approximately $524,780,405.97. This trade represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Major 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 FBK opened at $48.71 on Friday. The stock’s 50-day moving average is $46.76 and its two-hundred day moving average is $41.89. The stock has a market cap of $2.29 billion, a PE ratio of 20.47 and a beta of 1.13. FB Financial Co. has a 12 month low of $27.75 and a 12 month high of $51.40.

FB Financial (NYSE:FBK) last issued its quarterly earnings data 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. The company had revenue of $169.13 million for the quarter, compared to analysts’ expectations of $127.44 million. FB Financial had a return on equity of 10.24% and a net margin of 15.34%. During the same quarter in the previous year, the firm posted $0.71 earnings per share. On average, research analysts anticipate that FB Financial Co. will post 3.25 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. lifted its stake in shares of FB Financial by 0.4% during the first quarter. Vanguard Group Inc. now owns 2,464,295 shares of the financial services provider’s stock worth $92,805,000 after purchasing an additional 9,694 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake 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 acquiring an additional 106,553 shares in the last quarter. Wasatch Advisors LP lifted its stake in shares of FB Financial by 13.1% in the first quarter. Wasatch Advisors LP now owns 1,199,457 shares of the financial services provider’s stock worth $45,172,000 after acquiring an additional 139,395 shares in the last quarter. Janus Henderson Group PLC lifted its stake 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 acquiring an additional 33,310 shares in the last quarter. Finally, Heartland Advisors Inc. lifted its stake 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 acquiring an additional 57,355 shares in the last quarter. Institutional investors and hedge funds own 65.40% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the company. JPMorgan Chase & Co. lowered their price objective on FB Financial from $43.00 to $42.00 and set an “underweight” rating for the company in a research report on Thursday, June 27th. Hovde Group boosted their price target on FB Financial from $52.50 to $56.00 and gave the company an “outperform” rating in a research report on Monday. Stephens reissued an “overweight” rating and set a $45.00 price target on shares of FB Financial in a research report on Tuesday, July 16th. Piper Sandler downgraded FB Financial from an “overweight” rating to a “neutral” rating and boosted their price target for the company from $41.00 to $46.00 in a research report on Wednesday, July 17th. Finally, Keefe, Bruyette & Woods boosted their price target on FB Financial from $48.00 to $50.00 and gave the company a “market perform” rating in a research report on Wednesday, October 16th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, FB Financial currently has a consensus rating of “Hold” and a consensus target price of $47.80.

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.