Stocks

FB Financial Co. (NYSE:FBK) Short Interest Update

Published December 1, 2024

FB Financial Co. (NYSE:FBK) experienced a notable rise in short interest during November. As of November 15th, the short interest amounted to 546,800 shares, reflecting a 19.0% increase from the previous month's total of 459,600 shares as of October 31st. Currently, around 1.6% of the company's shares are sold short. With an average trading volume of 151,700 shares, the short-interest ratio stands at 3.6 days.

Wall Street Analysts Forecast Growth

Several analysts have published their evaluations regarding FB Financial. StockNews.com downgraded FB Financial from a "hold" rating to a "sell" rating on November 8th. In contrast, Keefe, Bruyette & Woods raised their target price from $48.00 to $50.00, maintaining a "market perform" rating in a report from October 16th. Furthermore, Hovde Group has revised the company's rating from "outperform" to "market perform," establishing a target price of $60.00 in their note dated November 18th. In total, two analysts have assigned a sell rating, three have recommended holding the stock, and one has advised a buy. Data from MarketBeat suggests that FB Financial generally holds a "Hold" rating with an average target price of $48.60.

Get Our Latest Stock Analysis on FB Financial

Insider Activity at FB Financial

In recent insider activities, James W. Ayers, a significant shareholder, acquired 1,000 shares on November 11th at an average price of $57.15 per share, summing up to a total of $57,150. After this purchase, Ayers now owns 10,909,841 shares, valued approximately at $623 million, representing a marginal increase of 0.01% in his position. This transaction was reported in a legal filing with the Securities & Exchange Commission. On the same date, Director James W. Iv Cross sold 5,000 shares at an average price of $58.22, totaling $291,100. Post-sale, he retains 54,078 shares, valued around $3.15 million, marking an 8.46% decline in his holdings. Over the last 90 days, insiders have collectively bought 13,000 shares worth $658,460, and insiders now hold 1.70% of the company's total stock.

Institutional Trading of FB Financial

Several hedge funds have altered their positions in FB Financial in recent months. Point72 Asset Management L.P. bought a new stake in FB Financial worth about $47,000 during the third quarter. Additionally, nVerses Capital LLC also acquired shares valued at around $84,000. Other notable purchases include Point72 DIFC Ltd, which spent about $110,000, and Point72 Asia Singapore Pte. Ltd. with an investment of approximately $124,000. Raymond James Trust N.A. also made a new investment in FB Financial valued at approximately $201,000. Overall, institutional investors and hedge funds own 65.40% of FB Financial's shares.

FB Financial Stock Up 0.2%

On the market, FBK shares opened at $56.45. The company boasts a market capitalization of $2.63 billion and a price-to-earnings ratio of 24.65 with a beta of 1.12. Over the past year, FB Financial has recorded a low of $32.82 and a high of $58.88. Its 50-day moving average stands at $50.65 while the 200-day moving average is at $45.01.

FB Financial (NYSE:FBK) released its latest earnings report on October 15th, revealing earnings per share (EPS) of $0.86 for the quarter, surpassing analysts' expectations of $0.82 by $0.04. The financial institution recorded a net margin of 14.40% and a return on equity of 10.38%. It generated revenue of $169.13 million, exceeding the forecasted $127.44 million. This compares to the same period last year when the company earned $0.71 EPS. Analysts expect FB Financial to post an EPS of approximately 3.38 for the current fiscal year.

FB Financial Dividend Announcement

The company recently announced a quarterly dividend payment, distributed on November 19th. Shareholders who held their shares as of November 5th received a dividend of $0.17 per share. The ex-dividend date was also set for November 5th. This translates to an annualized dividend of $0.68, yielding 1.20%. The dividend payout ratio (DPR) stands at 29.69%.

FB Financial Company Profile

FB Financial Corporation functions as a bank holding company for FirstBank, offering a comprehensive range of commercial and consumer banking services to individuals and businesses. The business operates in various segments including Banking and Mortgage. Services include various banking accounts, deposit and lending products, and services geared toward corporate, commercial, and consumer clients.

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