Director Cross buys 7,200 shares of FBK at $40.49; stock down 29.9% from 52-week high.
Director James W Cross IV purchased 7,200 shares at $40.49, increasing his holdings by 13.3% to 61,278 shares. The transaction occurred when FBK was trading 29.9% below its 52-week high of $57.73, and the stock has declined 22.5% over the past 90 days and 13.4% over the past 30 days. At the $40.48 current price, the stock is near the transaction price, indicating the purchase was made in the context of a sustained downtrend. The company has a P/E of 18.32 and market cap of $1,889,532,524.00, reflecting a mid-sized financial institution. Without additional context on whether this purchase follows a prior transaction pattern or falls outside scheduled trading arrangements, the significance appears moderate given the director's meaningful increase to his stake during a period of price weakness.