FB Financial (NYSE:FBK) Major Shareholder James Austin Mcpherson Sells 8,500 Shares

Key Points

  • Major shareholder James Austin Mcpherson sold 8,500 shares on Jan. 15 at an average price of $60.06 for $510,510, cutting his stake by 47.26% to 9,484 shares, per an SEC filing.
  • Large institutions increased exposure in Q3 — including Deprince Race & Zollo, Wellington and Vanguard (now ~2.96M shares) — and 65.40% of the stock is owned by hedge funds and other institutional investors.
  • FBK is trading near its 52‑week high (opened $58.59) with a market cap of $3.13B and a consensus analyst rating of "Moderate Buy" with a target of $60.80; the company pays a $0.19 quarterly dividend (≈1.3% yield).

FB Financial Corporation (NYSE:FBK - Get Free Report) major shareholder James Austin Mcpherson sold 8,500 shares of the firm's stock in a transaction dated Thursday, January 15th. The stock was sold at an average price of $60.06, for a total value of $510,510.00. Following the sale, the insider directly owned 9,484 shares in the company, valued at $569,609.04. This trade represents a 47.26% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Major shareholders that own more than 10% of a company's shares are required to disclose their sales and purchases with the SEC.

FB Financial Stock Down 1.8%

Shares of FBK opened at $58.59 on Wednesday. The company has a market capitalization of $3.13 billion, a price-to-earnings ratio of 27.38 and a beta of 0.98. FB Financial Corporation has a 52-week low of $38.83 and a 52-week high of $60.80. The stock has a 50 day moving average price of $56.78 and a 200 day moving average price of $54.01.

FB Financial Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, November 25th. Investors of record on Tuesday, November 11th were paid a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a yield of 1.3%. The ex-dividend date was Monday, November 10th. FB Financial's dividend payout ratio (DPR) is currently 35.51%.

Institutional Inflows and Outflows




Several hedge funds and other institutional investors have recently modified their holdings of the stock. Deprince Race & Zollo Inc. acquired a new stake in shares of FB Financial during the third quarter worth $48,674,000. Wellington Management Group LLP purchased a new position in FB Financial during the 3rd quarter worth $35,534,000. Vanguard Group Inc. raised its position in FB Financial by 19.5% during the 3rd quarter. Vanguard Group Inc. now owns 2,957,794 shares of the financial services provider's stock worth $164,867,000 after buying an additional 483,191 shares during the last quarter. Leeward Investments LLC MA acquired a new stake in shares of FB Financial in the 3rd quarter worth $20,680,000. Finally, CapWealth Advisors LLC boosted its holdings in shares of FB Financial by 3,756.7% in the third quarter. CapWealth Advisors LLC now owns 331,752 shares of the financial services provider's stock valued at $18,492,000 after acquiring an additional 323,150 shares in the last quarter. 65.40% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

FBK has been the topic of several research reports. Weiss Ratings reaffirmed a "hold (c)" rating on shares of FB Financial in a report on Wednesday, October 8th. Piper Sandler upped their target price on FB Financial from $58.00 to $63.00 and gave the company an "overweight" rating in a research report on Thursday, October 16th. Cantor Fitzgerald restated an "overweight" rating and set a $66.00 price target (up previously from $61.00) on shares of FB Financial in a research note on Thursday, October 16th. Finally, Wall Street Zen raised FB Financial from a "sell" rating to a "hold" rating in a research report on Sunday, November 16th. Five research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $60.80.

Read Our Latest Report on FB Financial

FB Financial Company Profile

(Get Free Report)

FB Financial Corporation, through its banking subsidiary FirstBank, is a Tennessee-based bank holding company that provides a broad range of financial services to individuals, small and medium-sized businesses, and commercial clients. Established to serve the banking needs of communities across the southeastern United States, the company's core offerings include consumer and commercial deposit products, commercial lending, and mortgage services.

In addition to traditional checking and savings accounts, FB Financial's service portfolio encompasses treasury and cash management, equipment financing, and letters of credit to support the working capital and expansion needs of business customers.

Further Reading

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