James W. Iv Cross Sells 5,000 Shares of FB Financial Co. (NYSE:FBK) Stock

FB Financial Co. (NYSE:FBK) Director James W. Iv Cross sold 5,000 shares of the business’s stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $58.22, for a total value of $291,100.00. Following the sale, the director now directly owns 54,078 shares of the company’s stock, valued at $3,148,421.16. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

FB Financial Stock Down 1.0 %

FB Financial stock traded down $0.59 during trading on Wednesday, hitting $56.51. The stock had a trading volume of 149,539 shares, compared to its average volume of 148,955. The stock’s 50 day moving average is $48.22 and its two-hundred day moving average is $43.43. FB Financial Co. has a 1 year low of $32.09 and a 1 year high of $58.88. The stock has a market cap of $2.64 billion, a price-to-earnings ratio of 25.29 and a beta of 1.12.

FB Financial (NYSE:FBK) last issued its quarterly earnings results on Tuesday, October 15th. The financial services provider reported $0.86 EPS for the quarter, beating analysts’ consensus estimates of $0.82 by $0.04. The firm 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 10.38% and a net margin of 14.40%. During the same quarter in the prior year, the firm earned $0.71 EPS. As a group, equities research analysts anticipate that FB Financial Co. will post 3.38 EPS for the current fiscal year.

FB Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, November 19th. Investors of record on Tuesday, November 5th will be paid a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.20%. The ex-dividend date of this dividend is Tuesday, November 5th. FB Financial’s payout ratio is currently 29.69%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of FBK. BNP Paribas Financial Markets lifted its position in shares of FB Financial by 27.2% during the third quarter. BNP Paribas Financial Markets now owns 9,760 shares of the financial services provider’s stock worth $458,000 after acquiring an additional 2,090 shares in the last quarter. FMR LLC raised 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 valued at $335,000 after purchasing an additional 2,109 shares during the period. The Manufacturers Life Insurance Company lifted its holdings in FB Financial by 7.3% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 19,284 shares of the financial services provider’s stock worth $905,000 after purchasing an additional 1,317 shares in the last quarter. Alpha DNA Investment Management LLC bought a new position in FB Financial in the 3rd quarter worth about $406,000. Finally, Raymond James Trust N.A. purchased a new position in FB Financial during the 3rd quarter valued at about $201,000. 65.40% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on FBK. StockNews.com downgraded FB Financial from a “hold” rating to a “sell” rating in a report on Friday, November 8th. Hovde Group upped their target price on shares of FB Financial from $52.50 to $56.00 and gave the stock an “outperform” rating in a research note on Monday, October 21st. 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. Keefe, Bruyette & Woods upped their price objective 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. Finally, Piper Sandler lowered shares of FB Financial from an “overweight” rating to a “neutral” rating and increased their price objective for the company from $41.00 to $46.00 in a research note on Wednesday, July 17th. Two analysts have rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $47.80.

About FB Financial

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.