FB Financial Co. (NYSE:FBK - Get Free Report) major shareholder James W. Ayers bought 500 shares of the firm's stock in a transaction on Wednesday, October 30th. The shares were purchased at an average price of $51.00 per share, for a total transaction of $25,500.00. Following the completion of the transaction, the insider now owns 10,906,841 shares of the company's stock, valued at $556,248,891. This represents a 0.00 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Large shareholders that own more than 10% of a company's shares are required to disclose their transactions with the SEC.
FB Financial Stock Down 0.5 %
NYSE FBK opened at $48.94 on Friday. The stock has a market cap of $2.30 billion, a price-to-earnings ratio of 21.37 and a beta of 1.13. The business has a fifty day moving average of $47.33 and a 200-day moving average of $42.53. FB Financial Co. has a fifty-two week low of $29.55 and a fifty-two week high of $51.63.
FB Financial (NYSE:FBK - Get Free Report) last released its earnings results on Tuesday, October 15th. The financial services provider reported $0.86 EPS for the quarter, beating the consensus estimate of $0.82 by $0.04. The firm had revenue of $169.13 million during the quarter, compared to analyst estimates of $127.44 million. FB Financial had a return on equity of 10.38% and a net margin of 14.40%. During the same period in the prior year, the firm posted $0.71 earnings per share. As a group, analysts anticipate that FB Financial Co. will post 3.34 EPS for the current year.
FB Financial Dividend Announcement
Musk Says ‘Dollar Will Be Worth Nothing…’
From Crypto 101 Media | Ad
Elon Musk just issued an urgent warning…
It's no secret that Musk is able to move markets with his words…
All you have to do is claim your free ticket to the event now…
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, November 19th. Investors of record on Tuesday, November 5th will be paid a $0.17 dividend. The ex-dividend date is Tuesday, November 5th. This represents a $0.68 annualized dividend and a yield of 1.39%. FB Financial's payout ratio is currently 29.69%.
Wall Street Analysts Forecast Growth
A number of analysts have commented on FBK shares. Hovde Group boosted their target price on FB Financial from $52.50 to $56.00 and gave the stock an "outperform" rating in a research report on Monday, October 21st. Keefe, Bruyette & Woods boosted their target price on FB Financial from $48.00 to $50.00 and gave the stock a "market perform" rating in a research report on Wednesday, October 16th. Piper Sandler cut FB Financial from an "overweight" rating to a "neutral" rating and boosted their price target for the stock from $41.00 to $46.00 in a report on Wednesday, July 17th. StockNews.com cut FB Financial from a "hold" rating to a "sell" rating in a report on Wednesday. Finally, Stephens reissued an "overweight" rating and issued a $45.00 price target on shares of FB Financial in a report on Tuesday, July 16th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $47.80.
Check Out Our Latest Stock Report on FBK
Hedge Funds Weigh In On FB Financial
Several institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. increased its stake in 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 valued at $92,805,000 after purchasing an additional 9,694 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in FB Financial by 5.8% during 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 during the last quarter. Janus Henderson Group PLC increased its stake in FB Financial by 3.0% during 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 during the last quarter. Heartland Advisors Inc. increased its stake in FB Financial by 22.0% during 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 during the last quarter. Finally, Allspring Global Investments Holdings LLC increased its stake in FB Financial by 7.4% during 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 acquiring an additional 15,739 shares during the last quarter. 65.40% of the stock is currently owned by institutional investors and hedge funds.
About FB Financial
(
Get Free Report)
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.
Read More
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. This story was reviewed by InsiderTrades.com's editorial team prior to publication. Please send any questions or comments about this story to [email protected].
