FB Financial Corporation (FBK) To Go Ex-Dividend on May 12th

FB Financial Corporation (NYSE:FBK) declared a quarterly dividend on Wednesday, April 22nd. Shareholders of record on Tuesday, May 12th will be given a dividend of 0.21 per share by the financial services provider on Tuesday, May 26th. This represents a c) annualized dividend and a yield of 1.5%. The ex-dividend date of this dividend is Tuesday, May 12th.

FB Financial has increased its dividend payment by an average of 0.2%per year over the last three years and has increased its dividend every year for the last 8 years. FB Financial has a dividend payout ratio of 19.2% meaning its dividend is sufficiently covered by earnings. Equities analysts expect FB Financial to earn $5.11 per share next year, which means the company should continue to be able to cover its $0.84 annual dividend with an expected future payout ratio of 16.4%.

FB Financial Stock Up 1.5%

FBK opened at $54.21 on Friday. The stock’s fifty day moving average is $54.04 and its two-hundred day moving average is $55.88. The company has a market capitalization of $2.81 billion, a P/E ratio of 20.38 and a beta of 0.98. FB Financial has a 52 week low of $41.66 and a 52 week high of $62.37.

FB Financial (NYSE:FBK) last released its quarterly earnings data on Monday, April 13th. The financial services provider reported $1.12 EPS for the quarter, missing the consensus estimate of $1.13 by ($0.01). The firm had revenue of $172.71 million for the quarter, compared to analysts’ expectations of $175.45 million. FB Financial had a return on equity of 11.64% and a net margin of 14.26%.The company’s revenue for the quarter was up 31.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.85 earnings per share. Equities analysts anticipate that FB Financial will post 4.71 earnings per share for the current year.

FB Financial Company Profile

FB Financial Corporation, through its banking subsidiary FirstBank, is a Tennessee-based bank holding company that provides a broad range of financial services to individuals, small and medium-sized businesses, and commercial clients. Established to serve the banking needs of communities across the southeastern United States, the company’s core offerings include consumer and commercial deposit products, commercial lending, and mortgage services.

In addition to traditional checking and savings accounts, FB Financial’s service portfolio encompasses treasury and cash management, equipment financing, and letters of credit to support the working capital and expansion needs of business customers.