FB Financial Co. (NYSE:FBK) Director James W. Iv Cross Purchases 7,200 Shares

FB Financial Co. (NYSE:FBK - Get Free Report) Director James W. Iv Cross purchased 7,200 shares of FB Financial stock in a transaction that occurred on Wednesday, April 16th. The shares were bought at an average price of $40.49 per share, for a total transaction of $291,528.00. Following the completion of the transaction, the director now owns 61,278 shares in the company, valued at $2,481,146.22. The trade was a 13.31 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

FB Financial Trading Down 1.5 %

Shares of NYSE:FBK traded down $0.62 during trading on Monday, reaching $39.99. The company's stock had a trading volume of 251,294 shares, compared to its average volume of 165,196. The stock has a market capitalization of $1.87 billion, a PE ratio of 16.19 and a beta of 0.92. The firm's 50 day simple moving average is $46.33 and its two-hundred day simple moving average is $50.25. FB Financial Co. has a 12 month low of $34.50 and a 12 month high of $58.88.

FB Financial (NYSE:FBK - Get Free Report) last announced its quarterly earnings results on Monday, April 14th. The financial services provider reported $0.85 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.85. The firm had revenue of $130.67 million during the quarter, compared to analyst estimates of $132.28 million. FB Financial had a return on equity of 10.43% and a net margin of 15.18%. During the same quarter in the previous year, the business earned $0.85 earnings per share. Research analysts anticipate that FB Financial Co. will post 3.64 EPS for the current fiscal year.

FB Financial Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, February 25th. Shareholders of record on Tuesday, February 11th were issued a $0.19 dividend. The ex-dividend date of this dividend was Tuesday, February 11th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.90%. This is a boost from FB Financial's previous quarterly dividend of $0.17. FB Financial's dividend payout ratio (DPR) is currently 27.94%.

Wall Street Analyst Weigh In

Several analysts have commented on the stock. Piper Sandler lowered their price objective on shares of FB Financial from $60.00 to $58.00 and set an "overweight" rating for the company in a report on Thursday. Keefe, Bruyette & Woods dropped their price target on FB Financial from $58.00 to $52.00 and set a "market perform" rating on the stock in a research report on Thursday. Stephens reduced their price target on FB Financial from $65.00 to $58.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 2nd. StockNews.com upgraded shares of FB Financial from a "sell" rating to a "hold" rating in a report on Wednesday, January 22nd. Finally, Hovde Group upgraded shares of FB Financial from a "market perform" rating to an "outperform" rating and decreased their price target for the stock from $60.00 to $59.00 in a research note on Tuesday, April 1st. One research analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, FB Financial presently has a consensus rating of "Hold" and an average target price of $53.80.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of FBK. FMR LLC boosted its stake in shares of 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 acquiring an additional 2,109 shares in the last quarter. Stifel Financial Corp boosted its stake in FB Financial by 0.4% during the third quarter. Stifel Financial Corp now owns 80,665 shares of the financial services provider's stock worth $3,786,000 after buying an additional 356 shares during the last quarter. Jane Street Group LLC boosted its holdings in FB Financial by 120.6% in the 3rd quarter. Jane Street Group LLC now owns 71,487 shares of the financial services provider's stock valued at $3,355,000 after purchasing an additional 39,086 shares during the last quarter. Y Intercept Hong Kong Ltd purchased a new stake in FB Financial in the third quarter valued at $346,000. Finally, Barclays PLC grew its position in FB Financial by 58.3% in the 3rd quarter. Barclays PLC now owns 94,062 shares of the financial services provider's stock valued at $4,415,000 after acquiring an additional 34,633 shares in the last quarter. 65.40% of the stock is owned by institutional investors and hedge funds.

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.