FB Financial (FBK) Expected to Announce Quarterly Earnings on Monday

FB Financial (NYSE:FBK) is expected to release its earnings data after the market closes on Monday, April 14th. Analysts expect FB Financial to post earnings of $0.85 per share and revenue of $132.28 million for the quarter. Individual interested in participating in the company’s earnings conference call can do so using this link.

FB Financial (NYSE:FBK) last released its earnings results on Tuesday, January 21st. The financial services provider reported $0.85 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.84 by $0.01. FB Financial had a return on equity of 10.43% and a net margin of 15.18%. On average, analysts expect FB Financial to post $4 EPS for the current fiscal year and $4 EPS for the next fiscal year.

FB Financial Price Performance

Shares of NYSE FBK opened at $40.74 on Monday. The stock’s 50-day moving average is $49.23 and its two-hundred day moving average is $50.75. The company has a market cap of $1.90 billion, a price-to-earnings ratio of 16.50 and a beta of 1.16. FB Financial has a 1-year low of $33.35 and a 1-year high of $58.88.

FB Financial Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, February 25th. Investors of record on Tuesday, February 11th were issued a $0.19 dividend. This is a boost from FB Financial’s previous quarterly dividend of $0.17. The ex-dividend date of this dividend was Tuesday, February 11th. This represents a $0.76 annualized dividend and a yield of 1.87%. FB Financial’s dividend payout ratio (DPR) is 30.77%.

Insider Buying and Selling at FB Financial

In related news, major shareholder James W. Ayers purchased 2,000 shares of the stock in a transaction that occurred on Friday, January 10th. The shares were purchased at an average price of $48.46 per share, with a total value of $96,920.00. Following the completion of the acquisition, the insider now directly owns 10,917,841 shares in the company, valued at $529,078,574.86. This represents a 0.02 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders purchased 12,000 shares of company stock worth $607,380 over the last 90 days. Corporate insiders own 1.70% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the stock. StockNews.com raised shares of FB Financial from a “sell” rating to a “hold” rating in a research report on Wednesday, January 22nd. Piper Sandler raised their price target on FB Financial from $58.00 to $60.00 and gave the company an “overweight” rating in a research note on Wednesday, April 2nd. Stephens decreased their price target on FB Financial from $65.00 to $58.00 and set an “overweight” rating for the company in a report on Wednesday, April 2nd. Finally, Hovde Group upgraded FB Financial from a “market perform” rating to an “outperform” rating and dropped their price objective for the company from $60.00 to $59.00 in a report on Tuesday, April 1st. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $55.40.

FB Financial Company Profile

FB Financial Corporation operates as a bank holding company for FirstBank that provides a suite of commercial and consumer banking services to businesses, professionals, and individuals. The company operates in segments, such as Banking and Mortgage. It offers checking, demand, money market, and savings accounts; deposit and lending products and services to corporate, commercial, and consumer customers; and time deposits and certificates of deposits, as well as residential mortgage loans.