In a filing, FB Financial Corp revealed its 10% Owner Ayers James W. acquired Company’s shares for reported $72700.0 on Feb 21 ’24. In the deal valued at $36.35 per share,2,000 shares were bought. As a result of this transaction, Ayers James W. now holds 10,886,841 shares worth roughly $393.56 million.
Then, Ayers James W. bought 3,000 shares, generating $107,730 in total proceeds. Upon buying the shares at $35.91, the 10% Owner now owns 10,884,841 shares.
Before that, Ayers James W. bought 2,000 shares. FB Financial Corp shares valued at $76,400 were divested by the 10% Owner at a price of $38.20 per share. As a result of the transaction, Ayers James W. now holds 10,881,841 shares, worth roughly $393.38 million.
Piper Sandler upgraded its FB Financial Corp [FBK] rating to an Overweight from a a Neutral in a research note published on April 16, 2024; the price target was increased to $41 from $38. A number of analysts have revised their coverage, including Hovde Group’s analysts, who increased its forecast for the stock in mid April from “a Market perform” to “an Outperform”. Hovde Group also remained covering FBK and has decreased its forecast on January 17, 2024 with a “Market perform” recommendation from previously “an Outperform” rating. Janney revised its rating on October 18, 2023. It rated FBK as “a Buy” which previously was an “a Neutral”.
Price Performance Review of FBK
On Tuesday, FB Financial Corp [NYSE:FBK] saw its stock jump 4.39% to $36.15. Over the last five days, the stock has lost -1.26%. FB Financial Corp shares have fallen nearly -9.28% since the year began. Nevertheless, the stocks have risen 20.10% over the past one year. While a 52-week high of $41.00 was reached on 01/02/24, a 52-week low of $24.34 was recorded on 04/16/24. SMA at 50 days reached $35.89, while 200 days put it at $33.71. A total of 0.49 million shares were traded, compared to the trading of 0.13 million shares in the previous session.
Levels Of Support And Resistance For FBK Stock
The 24-hour chart illustrates a support level at 34.14, which if violated will result in even more drops to 32.13. On the upside, there is a resistance level at 37.37. A further resistance level may holdings at 38.59. The Relative Strength Index (RSI) on the 14-day chart is 51.90, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.94, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 44.44%. Stochastics %K at 23.42% indicates the stock is a holding.
