Stock Alert: FB Financial Down 4%

Shares of bank holding company FB Financial Corp (FBK) are down 4 percent on Tuesday's trading even as the company announced the pricing of an earlier announced underwritten public offering of 2.5 million shares.

The company said that all shares will be sold by Vice-Chairman James Ayers and the public offering will close on June 10. FB Financial said that it is not selling any stock in this transaction and will not receive any proceeds from the public offering.

Currently trading at $40.74, the stock has traded between $21.97 and $49.62 during the past 52 weeks.

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