FB Financial (FBK) Projected to Post Earnings on Monday

FB Financial (NYSE:FBK) is projected to post its quarterly earnings results 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. Investors that are interested in participating in the company’s conference call can do so using this link.

FB Financial (NYSE:FBK) last released its quarterly earnings data on Tuesday, January 21st. The financial services provider reported $0.85 EPS for the quarter, beating the consensus estimate of $0.84 by $0.01. FB Financial had a net margin of 15.18% and a return on equity of 10.43%. 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

NYSE:FBK opened at $40.56 on Friday. The firm has a market cap of $1.89 billion, a price-to-earnings ratio of 16.42 and a beta of 0.92. FB Financial has a one year low of $33.35 and a one year high of $58.88. The firm’s fifty day moving average is $47.59 and its two-hundred day moving average is $50.40.

FB Financial Increases Dividend

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

Wall Street Analysts Forecast Growth

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

Insiders Place Their Bets

In related news, major shareholder James W. Ayers bought 2,000 shares of the stock in a transaction on Tuesday, March 4th. The shares were bought at an average cost of $48.51 per share, for a total transaction of $97,020.00. Following the purchase, the insider now owns 10,931,841 shares of the company’s stock, valued at $530,303,606.91. This trade represents a 0.02 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders have bought a total of 8,000 shares of company stock valued at $409,940 over the last quarter. Company insiders own 1.70% of the company’s stock.

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.