FB Financial Co. (NYSE:FBK - Get Free Report) major shareholder James W. Ayers acquired 1,000 shares of FB Financial stock in a transaction that occurred on Monday, November 11th. The stock was acquired at an average cost of $57.15 per share, with a total value of $57,150.00. Following the purchase, the insider now owns 10,909,841 shares in the company, valued at $623,497,413.15. The trade was a 0.00 % increase in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Large shareholders that own 10% or more of a company's shares are required to disclose their sales and purchases with the SEC.
FB Financial Trading Down 0.9 %
FBK stock opened at $57.20 on Wednesday. The stock has a market cap of $2.67 billion, a PE ratio of 24.93 and a beta of 1.12. FB Financial Co. has a 1 year low of $30.01 and a 1 year high of $58.46. The stock has a 50-day moving average price of $48.03 and a two-hundred day moving average price of $43.30.
FB Financial (NYSE:FBK - Get Free Report) last released its quarterly earnings data 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. 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 for the quarter, compared to the consensus estimate of $127.44 million. During the same period in the previous year, the company earned $0.71 earnings per share. On average, analysts forecast that FB Financial Co. will post 3.38 earnings per share for the current fiscal year.
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The company also recently disclosed 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 of this dividend is Tuesday, November 5th. This represents a $0.68 dividend on an annualized basis and a yield of 1.19%. FB Financial's dividend payout ratio (DPR) is 29.69%.
Institutional Inflows and Outflows
Several institutional investors have recently bought and sold shares of FBK. nVerses Capital LLC acquired a new stake in shares of FB Financial during the third quarter valued at about $84,000. SG Americas Securities LLC acquired a new position in FB Financial in the first quarter valued at $165,000. Raymond James Trust N.A. bought a new stake in shares of FB Financial during the 3rd quarter valued at about $201,000. Entropy Technologies LP acquired a new stake in shares of FB Financial during the 3rd quarter worth approximately $202,000. Finally, Renaissance Technologies LLC bought a new stake in FB Financial in the second quarter valued at $217,000. Institutional investors and hedge funds own 65.40% of the company's stock.
Analysts Set New Price Targets
Several research firms have issued reports on FBK. Keefe, Bruyette & Woods raised their price target on shares of FB Financial from $48.00 to $50.00 and gave the stock a "market perform" rating in a research report on Wednesday, October 16th. Stephens reiterated an "overweight" rating and issued a $45.00 price target on shares of FB Financial in a research report on Tuesday, July 16th. StockNews.com lowered shares of FB Financial from a "hold" rating to a "sell" rating in a research report on Friday, November 8th. Hovde Group raised their price objective on shares of FB Financial from $52.50 to $56.00 and gave the stock an "outperform" rating in a report on Monday, October 21st. Finally, Piper Sandler downgraded FB Financial from an "overweight" rating to a "neutral" rating and boosted their target price for the stock from $41.00 to $46.00 in a report on Wednesday, July 17th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $47.80.
Check Out Our Latest Analysis on FB Financial
FB Financial Company Profile
(
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.
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