FB Financial (FBK) to Release Earnings on Monday

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

FB Financial (NYSE:FBK) last posted its quarterly earnings results on Tuesday, January 21st. The financial services provider reported $0.85 earnings per share (EPS) for the quarter, topping the consensus estimate 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 Stock Performance

Shares of FBK stock opened at $40.56 on Friday. The company has a market capitalization of $1.89 billion, a P/E ratio of 16.42 and a beta of 0.92. FB Financial has a fifty-two week low of $33.35 and a fifty-two week high of $58.88. The stock has a 50 day moving average price of $47.59 and a two-hundred day moving average price of $50.40.

FB Financial Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, February 25th. Investors of record on Tuesday, February 11th were issued a dividend of $0.19 per share. This is a positive change from FB Financial’s previous quarterly dividend of $0.17. This represents a $0.76 dividend on an annualized basis and a yield of 1.87%. The ex-dividend date was Tuesday, February 11th. FB Financial’s dividend payout ratio is currently 30.77%.

Insider Activity at FB Financial

In other news, major shareholder James W. Ayers purchased 2,000 shares of FB Financial stock in a transaction that occurred on Friday, January 31st. The shares were bought at an average cost of $52.56 per share, with a total value of $105,120.00. Following the completion of the purchase, the insider now directly owns 10,919,841 shares in the company, valued at approximately $573,946,842.96. This trade represents a 0.02 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders have purchased 8,000 shares of company stock worth $409,940 over the last 90 days. 1.70% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

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