FB Financial Corp’s recent filing unveils that its Director CROSS JAMES W IV unloaded Company’s shares for reported $0.29 million on Nov 11 ’24. In the deal valued at $58.22 per share,5,000 shares were sold. As a result of this transaction, CROSS JAMES W IV now holds 54,078 shares worth roughly $2.78 million.
Then, Ayers James W. bought 2,000 shares, generating $111,400 in total proceeds. Upon buying the shares at $55.70, the 10% Owner now owns 10,908,841 shares.
Before that, Ayers James W. bought 1,000 shares. FB Financial Corp shares valued at $57,150 were divested by the 10% Owner at a price of $57.15 per share. As a result of the transaction, Ayers James W. now holds 10,909,841 shares, worth roughly $561.64 million.
Hovde Group downgraded its FB Financial Corp [FBK] rating to a Market perform from a an Outperform in a research note published recently. A number of analysts have revised their coverage, including Hovde Group’s analysts, who remained covering the stock and in late October has reiterated a ‘”an Outperform”‘ rating for it. Piper Sandler also remained covering FBK and has decreased its forecast on July 17, 2024 with a “Neutral” recommendation from previously “an Overweight” rating. Stephens revised its rating on May 23, 2024. It rated FBK as “an Overweight” which previously was an “an Equal-weight”.
Price Performance Review of FBK
On Friday, FB Financial Corp [NYSE:FBK] saw its stock jump 0.86% to $51.48. Over the last five days, the stock has lost -6.59%. FB Financial Corp shares have risen nearly 29.18% since the year began. Nevertheless, the stocks have risen 30.26% over the past one year. While a 52-week high of $58.88 was reached on 11/13/24, a 52-week low of $33.35 was recorded on 04/16/24. SMA at 50 days reached $53.14, while 200 days put it at $43.85.
Levels Of Support And Resistance For FBK Stock
The 24-hour chart illustrates a support level at 50.51, which if violated will result in even more drops to 49.54. On the upside, there is a resistance level at 52.49. A further resistance level may holdings at 53.50. The Relative Strength Index (RSI) on the 14-day chart is 36.51, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -3.57, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 86.31%. Stochastics %K at 7.48% indicates the stock is a buying.
How much short interest is there in FB Financial Corp?
A steep rise in short interest was recorded in FB Financial Corp stocks on 2024-11-29, growing by 0.12 million shares to a total of 0.57 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-31 was 0.46 million shares. There was a rise of 20.03%, which implies that there is a positive sentiment for the stock.
