FB Financial Co. (NYSE:FBK) Announces Quarterly Dividend of $0.19

FB Financial Co. (NYSE:FBK - Get Free Report) announced a quarterly dividend on Wednesday, January 29th,RTT News reports. Shareholders of record on Tuesday, February 11th will be paid a dividend of 0.19 per share by the financial services provider on Tuesday, February 25th. This represents a $0.76 dividend on an annualized basis and a yield of 1.44%. This is an increase from FB Financial's previous quarterly dividend of $0.17.

FB Financial has raised its dividend by an average of 15.6% per year over the last three years. FB Financial has a payout ratio of 16.8% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect FB Financial to earn $4.08 per share next year, which means the company should continue to be able to cover its $0.68 annual dividend with an expected future payout ratio of 16.7%.

FB Financial Stock Up 0.2 %

Shares of FBK traded up $0.11 during mid-day trading on Wednesday, reaching $52.88. The company had a trading volume of 111,073 shares, compared to its average volume of 154,854. The stock has a market capitalization of $2.47 billion, a P/E ratio of 21.41 and a beta of 1.16. The stock has a 50 day moving average of $53.42 and a two-hundred day moving average of $49.60. FB Financial has a 52-week low of $33.35 and a 52-week high of $58.88.

FB Financial (NYSE:FBK - Get Free Report) last issued its quarterly earnings results on Tuesday, January 21st. The financial services provider reported $0.85 earnings per share (EPS) for the quarter, topping 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, sell-side analysts expect that FB Financial will post 3.59 earnings per share for the current year.

Insider Transactions at FB Financial

In other FB Financial news, Director James W. Iv Cross sold 5,000 shares of the business's stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $58.22, for a total value of $291,100.00. Following the sale, the director now owns 54,078 shares of the company's stock, valued at $3,148,421.16. The trade was a 8.46 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, major shareholder James W. Ayers purchased 1,000 shares of FB Financial stock in a transaction dated Monday, November 11th. The shares were acquired at an average cost of $57.15 per share, for a total transaction of $57,150.00. Following the transaction, the insider now directly owns 10,909,841 shares of the company's stock, valued at approximately $623,497,413.15. This represents a 0.01 % increase in their position. The disclosure for this purchase can be found here. Insiders bought 11,000 shares of company stock worth $572,510 in the last 90 days. Insiders own 1.70% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on FBK. StockNews.com upgraded shares of FB Financial from a "sell" rating to a "hold" rating in a research report on Wednesday, January 22nd. Keefe, Bruyette & Woods raised their target price on shares of FB Financial from $50.00 to $58.00 and gave the stock a "market perform" rating in a research note on Wednesday, December 4th. Finally, Hovde Group lowered FB Financial from an "outperform" rating to a "market perform" rating and set a $60.00 price target for the company. in a research report on Monday, November 18th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, FB Financial currently has an average rating of "Hold" and a consensus price target of $50.20.

About FB Financial

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.

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