James Cross, a director at FB Financial Corp (FBK), recently bought 7,200 shares. The buy increased his stake by 13%, and came to a total cost of $291,528.
A major holder at the company has also been a buyer this year, picking up over 20,000 shares across a series of transactions valued at nearly $1 million. Similar steady buying goes back over the past two years, with only one small insider sale in 2024.
Overall, FB Financial insiders own 25.4% of shares.
The regional bank is up about 7% over the past year, just lightly edging the overall stock market.
Operationally, the bank has fared better, with revenues rising by 20% and with earnings up by over 40%. Shares still trade at a reasonable 15 times earnings.
That trend could continue as long as interest rates continue to trend lower in the quarters ahead.
Action to take: FB Financial have pulled back heavily since late last year, and are now trading close to their book value. Long-term investors may like shares here, and should look to take advantage of any further market fears.
At current prices, FB Financial also pays a 1.9% dividend.
For traders, the July $45 calls, last trading for about $4.20, could see mid-double-digit returns on a push higher in shares.
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.