Current market sentiment for the stock price of FB forecast leans bullish, as institutional investors increase holdings following Meta’s latest earnings beat. The company reported 27% year-over-year ad revenue growth, which supports price projections in the $515–$530 range over the next quarter. In six of our eight years as a public company, we've had charge-offs of less than 10 basis points, and in four of those years, we've had charge-offs of 2 basis points or less. We had the last of our commercial loans held for sale leave the balance sheet. From close of the Franklin merger to today, we ultimately realized a $7.2 million net gain on that portfolio relative to our initial mark. And as Chris mentioned, we reduced our outstanding construction balances by 16%, or $260 million during the year, and we reduced unfunded commitments for construction loans by 56%, or $913 million as well. Our ratio of construction loans to bank-level Tier 1 capital plus ACL was 93%, which is just outside of our targeted operating range of 85% to 90%. Related to the decline in construction balances this quarter, we did see our multifamily increase as construction projects move to permanent financing. In other news, CTO Andrew Bosworth sold 22,449 shares of the business's stock in a transaction on Friday, May 16th. The shares were sold at an average price of $636.85, for a total transaction of $14,296,645.65. Following the completion of the sale, the chief technology officer now owns 1,183 shares of the company's stock, valued at $753,393.55. The trade was a 94.99% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link . Also, COO Javier Olivan sold 608 shares of the business's stock in a transaction dated Monday, April 7th. The shares were sold at an average price of $488.18, for a total value of $296,813.44. Following the sale, the chief operating officer now directly owns 5,622 shares of the company's stock, valued at $2,744,547.96. This represents a 9.76% decrease in their position. The disclosure for this sale can be found here . Over the last quarter, insiders sold 124,831 shares of company stock valued at $83,868,872. Corporate insiders own 13.61% of the company's stock. Economic data trends suggest the stock price of FB forecast may outperform in a lower inflation environment, as consumer brands boost ad spend, driving platform monetization efficiency further.
