Microvast Holdings announces departure of chief financial officer
NASHVILLE—James W. Ayers, a significant shareholder of FB Financial Corp (NYSE:FBK), recently made notable purchases of the company’s stock, according to a recent SEC filing. The $2.47 billion market cap company, which InvestingPro analysis suggests is currently trading near its Fair Value, has shown strong momentum with a 46% return over the past year. On February 7 and February 10, Ayers acquired a total of 4,000 shares of common stock, amounting to a total transaction value of $210,960.
The shares were bought at weighted average prices ranging from $52.58 to $52.90 per share. These transactions increased Ayers’ direct ownership to 10,925,841 shares following the purchases. The acquisitions were part of multiple transactions, with prices varying slightly within the specified range.
In other recent news, FB Financial Corporation reported fourth quarter earnings that outpaced analyst expectations. The company posted an adjusted earnings per share of $0.85 for Q4 2024, surpassing the consensus estimate of $0.84, though revenue was slightly below expectations at $130.38 million. Net interest income rose to $108.4 million in Q4, indicating a steady growth in deposit and loan activity.
In other recent developments, FB Financial Corporation announced an increase in its quarterly cash dividend to $0.19 per share, a 12% rise from previous payouts. This marks the company’s 28th consecutive period of quarterly dividends, reflecting its ongoing commitment to providing value to shareholders.
FB Financial’s CEO, Christopher T. Holmes, stated the company is "well situated for opportunities or challenges," expressing optimism for a strong economic environment in 2025. These developments underline FB Financial’s strategy to deliver returns to its investors and suggest confidence in its operational profitability and growth.
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