James W. Ayers Acquires 500 Shares of FB Financial Co.

James W. Ayers, a major shareholder of FB Financial Co. (NYSE:FBK), purchased 500 shares of the company's stock on Wednesday, October 30th. The shares were bought at an average price of $51.00 each, amounting to a total transaction value of $25,500. Following this purchase, Ayers now holds a total of 10,906,841 shares in FB Financial, which are valued at approximately $556,248,891. This recent transaction represents no change in his overall position percentage-wise. The details of this transaction were reported in a legal filing with the Securities and Exchange Commission (SEC), which can be accessed for further information.

FB Financial Stock Performance

On the trading day following the transaction, FB Financial shares saw a slight decline, dropping by $0.26 to reach a price of $48.94. During this trading session, 107,481 shares were exchanged, which is less than the average trading volume of 145,439 shares. FB Financial has a market capitalization of $2.30 billion and displays a price-to-earnings ratio of 21.50, with a beta of 1.13. The company's 50-day moving average price stands at $47.31, while the 200-day moving average price is $42.43. FB Financial's stock has fluctuated significantly over the past year, with a twelve-month low of $29.55 and a high of $51.63.

Recent Earnings Report

FB Financial recently reported its quarterly earnings results on October 15th. The financial services company posted earnings per share (EPS) of $0.86 for the quarter, surpassing analyst expectations of $0.82 by $0.04. The reported revenue for the quarter was $169.13 million, exceeding forecasts of $127.44 million. The company achieved a net margin of 14.40% and a return on equity of 10.38%. In the same quarter last year, FB Financial had reported an EPS of $0.71. Analysts are optimistic, projecting that the company will achieve an EPS of 3.34 for the current fiscal year.

Dividend Announcement

FB Financial recently declared a quarterly dividend, which is set to be paid on November 19th. Shareholders of record as of November 5th will receive a dividend of $0.17 per share. This equates to an annualized dividend of $0.68, resulting in a dividend yield of 1.39%. The ex-dividend date is also November 5th. Currently, FB Financial's payout ratio is at 29.69%, indicating a sustainable dividend policy.

Institutional Investors Activity

Several institutional investors and hedge funds have recently adjusted their stakes in FB Financial. Vanguard Group Inc. increased its holdings in the company by 0.4% during the first quarter and now owns 2,464,295 shares valued at $92,805,000. Dimensional Fund Advisors LP raised its stake by 5.8% in the second quarter, bringing its total to 1,937,631 shares worth $75,623,000. Other entities such as Janus Henderson Group PLC and Heartland Advisors Inc. also added to their positions in FB Financial during the year. Currently, 65.40% of the company’s stock is owned by institutional investors and hedge funds, reflecting strong institutional interest.

Analyst Ratings and Forecast

Market analysts have recently provided mixed ratings on FB Financial. Piper Sandler downgraded the stock from an "overweight" rating to "neutral" while adjusting their price target from $41.00 to $46.00 in July. Hovde Group raised their price target from $52.50 to $56.00 and maintained an "outperform" rating. Conversely, StockNews.com reduced their rating from "hold" to "sell." Research from Keefe, Bruyette & Woods raised the target price from $48.00 to $50.00, designating it as a "market perform" stock. Meanwhile, Stephens upheld an "overweight" rating with a $45.00 target price. In total, two analysts recommend selling, two advise holding, and two recommend buying the stock. MarketBeat.com reports a consensus rating of "Hold" for FB Financial, with an average price target of $47.80.

About FB Financial Co.

FB Financial Corporation serves as a bank holding company for FirstBank, providing a wide range of commercial and consumer banking services. The company operates various segments such as Banking and Mortgage, offering services that include checking, savings, and money market accounts, alongside deposit and lending products tailored for businesses and individuals.

investment, shares, finance