FB Financial Corporation (NYSE:FBK) Plans $0.21 Quarterly Dividend

FB Financial Corporation (NYSE:FBK) declared a quarterly dividend on Thursday, July 23rd. Stockholders of record on Tuesday, August 11th will be given a dividend of 0.21 per share by the financial services provider on Tuesday, August 25th. This represents a c) annualized dividend and a dividend yield of 1.4%. The ex-dividend date is Tuesday, August 11th.

FB Financial has increased its dividend payment by an average of 0.2%per year over the last three years and has raised its dividend every year for the last 8 years. FB Financial has a dividend payout ratio of 19.2% indicating that its dividend is sufficiently covered by earnings. Research analysts expect FB Financial to earn $5.19 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 16.2%.

FB Financial Trading Down 1.2%

FB Financial stock opened at $58.16 on Friday. FB Financial has a 12-month low of $46.95 and a 12-month high of $62.37. The firm has a market capitalization of $3.00 billion, a price-to-earnings ratio of 15.59 and a beta of 0.95. The firm has a 50 day moving average of $54.91 and a 200 day moving average of $55.31.

FB Financial (NYSE:FBK) last posted its quarterly earnings results on Monday, July 13th. The financial services provider reported $1.14 EPS for the quarter, meeting analysts’ consensus estimates of $1.14. The business had revenue of $175.94 million for the quarter, compared to analysts’ expectations of $177.45 million. FB Financial had a return on equity of 12.08% and a net margin of 19.00%. On average, analysts predict that FB Financial will post 4.67 EPS for the current year.

FB Financial announced that its Board of Directors has approved a stock repurchase program on Monday, April 27th that authorizes the company to repurchase $175.00 million in outstanding shares. This repurchase authorization authorizes the financial services provider to reacquire up to 6.3% of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s leadership believes its shares are undervalued.

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.