Top Shareholder Ayers Renews His Commitment to FBK

FB Financial Corporation $FBK is center stage today, as former director and top individual shareholder James Ayers doubled down on his commitment with a hefty $267,170 purchase, according to a new Form 4 filing.

This move brings Ayers' direct ownership to a whopping 10.9 million shares, or about 23% of outstanding shares, signaling his long-term belief in the company.

Here’s The Hot Corner, with data from October 22, 2024:

Ayers, who stepped down as executive chairman of the Nashville, Tennessee-based bank in December 2020, believes the stock price will rise.

And we agree with him at this point in time, as the FBK chart supports this view.