James Ayers, a major holder at FB Financial Corp (FBK), recently added to his position with a 4,000 share buy. The purchase increased his position by less than 1%, and came to a total cost of $201,340.
Ayers was the last buyer with two buys in February for a total of 5,000 shares at a cost of over $175,000. Two company directors were also buyers of shares over the past two years. The last insider sale occurred back in November 2022.
Overall, FB Financial insiders own 25.3% of shares, and institutions own 66.5% of shares.
The regional bank has soared 66% over the past year, providing early twice the returns of the S&P 500.
Even with that move higher, shares trade at about 14 times forward earnings, and the bank sports a hefty 24% profit margin.
Action to take: Smaller banks have been trending significantly higher in recent sessions, but the move in FB Financial has been a bit more muted. Investors may want to use a down day to buy a small position, and use small 5-10% selloffs to add to that stake.
At current prices, FB Financial pays a 1.4% dividend, which the bank recently significantly increased.
For traders, the bank has a limited number of options, but the January 2025 $50 calls have a large number of open contracts. Last trading for about $2.90, the options could see mid-double-digit returns on a further trend higher into next year.
Disclosure: The author of this article has no position in the company mentioned here, but may trade after the next 72 hours. The author receives no compensation from any company mentioned in this article.