FB Financial Corp’s filing revealed that its 10% Owner Ayers James W. acquired Company’s shares for reported $0.1 million on Dec 23 ’24. In the deal valued at $51.86 per share,2,000 shares were bought. As a result of this transaction, Ayers James W. now holds 10,911,841 shares worth roughly $562.07 million.
Then, CROSS JAMES W IV sold 5,000 shares, generating $291,100 in total proceeds. Upon selling the shares at $58.22, the Director now owns 54,078 shares.
Before that, Ayers James W. bought 2,000 shares. FB Financial Corp shares valued at $111,400 were divested by the 10% Owner at a price of $55.70 per share. As a result of the transaction, Ayers James W. now holds 10,908,841 shares, worth roughly $561.91 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 Tuesday, FB Financial Corp [NYSE:FBK] saw its stock fall -0.17% to $51.51. Over the last five days, the stock has lost -0.60%. FB Financial Corp shares have risen nearly 29.26% since the year began. Nevertheless, the stocks have risen 29.26% 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 $53.51, while 200 days put it at $44.34.
Levels Of Support And Resistance For FBK Stock
The 24-hour chart illustrates a support level at 51.17, which if violated will result in even more drops to 50.83. On the upside, there is a resistance level at 52.00. A further resistance level may holdings at 52.48. The Relative Strength Index (RSI) on the 14-day chart is 38.40, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.47, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 85.43%. Stochastics %K at 15.93% 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 2024-12-13, growing by 7066.0 shares to a total of 0.55 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-15 was 0.55 million shares. There was a rise of 1.28%, which implies that there is a positive sentiment for the stock.
