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James W. Ayers, a significant shareholder in FB Financial Corp (NYSE:FBK), has recently increased his holdings in the company. According to a recent SEC filing, Ayers acquired a total of 4,000 shares of FB Financial’s common stock over two separate transactions. The Nashville-based financial services firm, with a market capitalization of $2.49 billion, has shown strong momentum with a nearly 50% return over the past year, according to InvestingPro data.
On January 31, Ayers purchased 2,000 shares at a weighted average price of $52.56. This transaction was followed by another purchase of 2,000 shares on February 3, at a weighted average price of $52.07. The shares were acquired at prices ranging from $51.90 to $52.77, bringing the total value of these transactions to approximately $209,260. InvestingPro analysis suggests the stock is currently fairly valued, with analysts setting price targets between $58 and $65.
Following these acquisitions, Ayers’ total ownership in FB Financial stands at 10,921,841 shares. These transactions further solidify his position as a major stakeholder in the Nashville-based financial services firm. The company maintains a strong dividend program, having raised its dividend for 7 consecutive years, with four analysts recently revising earnings estimates upward. For deeper insights into FB Financial’s financial health and growth prospects, investors can access the comprehensive Pro Research Report available on InvestingPro.
In other recent news, FB Financial Corporation has been making notable strides. The company recently announced an increase in its quarterly cash dividend to $0.19 per share, marking a 12% rise from previous payouts. This announcement is significant as it reflects the company’s financial health and its commitment to delivering value to its shareholders.
Additionally, FB Financial reported fourth-quarter earnings that exceeded analyst expectations. The company posted adjusted earnings per share of $0.85 for Q4 2024, surpassing the consensus estimate of $0.84. However, revenue was slightly below expectations, coming in at $130.38 million.
Furthermore, the company experienced an increase in net interest income, which rose to $108.4 million in Q4, up from $106 million in Q3. Total (EPA:TTEF) loans held for investment also showed growth, increasing 5.22% annualized in Q4 to $9.60 billion.
These recent developments demonstrate FB Financial’s ongoing strategy to provide returns to its investors and suggest confidence in its operational profitability and growth.
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