Understanding the Risks of Investing in FB Financial Corporation (FBK)


FB Financial Corporation’s recent filing unveils that its 10% Owner Ayers James W. acquired Company’s shares for reported $0.2 million on Aug 22. In the deal valued at $30.57 per share,6,500 shares were bought. As a result of this transaction, Ayers James W. now holds 10,875,841 shares worth roughly $ 337.37 million.

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Then, Ayers James W. bought 6,150 shares, generating $199,629 in total proceeds. Upon buying the shares at $32.46, the 10% Owner now owns 10,869,341 shares.

Before that, Ayers James W. bought 5,600 shares. FB Financial Corporation shares valued at $198,184 were divested by the 10% Owner at a price of $35.39 per share. As a result of the transaction, Ayers James W. now holds 10,863,191 shares, worth roughly $336.98 million.

Price Performance Review of FBK

On Friday, FB Financial Corporation [NYSE:FBK] saw its stock jump 2.11% to $31.02. On the same session, the stock had its day’s lowest price of $30.58, but rose to a high of $31.19. Over the last five days, the stock has gained 1.41%. FB Financial Corporation shares have fallen nearly -14.17% since the year began. Nevertheless, the stocks have fallen -21.71% over the past one year. While a 52-week high of $44.11 was reached on 02/03/23, a 52-week low of $24.34 was recorded on 05/04/23. SMA at 50 days reached $31.56, while 200 days put it at $33.30. A total of 75765.0 shares were traded, compared to the trading of 0.11 million shares in the previous session.

Levels Of Support And Resistance For FBK Stock

The 24-hour chart illustrates a support level at 30.67, which if violated will result in even more drops to 30.32. On the upside, there is a resistance level at 31.28. A further resistance level may holdings at 31.54. The Relative Strength Index (RSI) on the 14-day chart is 42.97, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.61, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 72.22%. Stochastics %K at 14.47% indicates the stock is a buying.

How much short interest is there in FB Financial Corporation?

A steep rise in short interest was recorded in FB Financial Corporation stocks on Aug 14, 2023, dropping by 24350.0 shares to a total of 0.61 million shares. Yahoo Finance data shows the prior-month short interest on Jul 13, 2023 was 0.63 million shares. There was a decline of -3.99%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 2.59% of the overall stock float, the days-to-cover ratio (short ratio) fell to 3.29.

FB Financial Corporation [FBK] – Who Are The Largest Shareholders?

In filings from BlackRock Fund Advisors, it is revealed that the company now owns 5,597,991 shares, or roughly 11.97% of the outstanding FBK shares. In other words, the investor’s shares have risen by 72,375 from its previous 13-F filing of 5525616.0. Additionally, T. Rowe Price Investment Manageme decreased -3.56% of its stake after which the total value it holdings stand at $165,073,352, while The Vanguard Group, Inc. reduced -3.09% of its stake to hold $84.23 million in the firm. Over the last quarter, Dimensional Fund Advisors LP purchased 51,982 shares of FB Financial Corporation, while SSgA Funds Management, Inc. bought 35,135 shares. At present, Wasatch Advisors, Inc. is holding 975,754 shares valued at $34.56 million. Janus Henderson Investors US LLC owned 882,815 shares of the company at the time of its most recent 13F filing, worth $31.27 million.


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