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James W. Ayers, a significant shareholder of FB Financial Corp (NYSE:FBK), a $2.35 billion regional bank that has shown impressive strength with a 44% return over the past year, recently purchased 2,000 shares of the company’s common stock, according to a filing with the Securities and Exchange Commission. The shares were acquired at a weighted average price of $48.93, with transaction prices ranging from $48.85 to $49.12. This purchase, valued at approximately $97,860, increases Ayers’ total holdings to 10,929,841 shares. Ayers, who is classified as a ten percent owner, made the purchase on February 26, 2025. According to InvestingPro data, FB Financial appears undervalued at current levels, with 4 analysts recently revising their earnings estimates upward. The company has demonstrated strong dividend growth of 26.67% and maintains a solid track record of raising dividends for 7 consecutive years. For detailed analysis and additional insights, investors can access the comprehensive Pro Research Report, available exclusively on InvestingPro.
In other recent news, FB Financial Corporation announced that its fourth-quarter earnings exceeded analyst expectations. The company reported adjusted earnings per share of $0.85, surpassing the consensus estimate of $0.84. However, revenue fell slightly short of expectations at $130.38 million, compared to the anticipated $131.14 million. The company’s net interest income increased to $108.4 million, up from $106 million in the previous quarter. Additionally, FB Financial raised its quarterly cash dividend by 12%, now set at $0.19 per share, to be paid on February 25, 2025. This marks the 28th consecutive period of dividend payments, reflecting the company’s commitment to shareholder returns. Total (EPA:TTEF) loans held for investment grew by 5.22% annualized, reaching $9.60 billion, while total deposits increased by 8.49% annualized to $11.21 billion. President and CEO Christopher T. Holmes expressed optimism about the company’s position for future opportunities or challenges.
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