FB Financial (FBK) to Release Quarterly Earnings on Monday

FB Financial (NYSE:FBK - Get Free Report) is expected to be releasing its earnings data 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. Parties that are interested in participating in the company's conference call can do so using this link.

FB Financial (NYSE:FBK - Get Free Report) last issued its quarterly earnings results on Tuesday, January 21st. The financial services provider reported $0.85 EPS for the quarter, topping 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 Trading Down 0.6 %

Shares of FB Financial stock traded down $0.23 during trading hours on Friday, reaching $40.56. 263,162 shares of the company's stock were exchanged, compared to its average volume of 164,172. The company has a 50 day moving average of $47.59 and a two-hundred day moving average of $50.40. The stock has a market cap 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.

FB Financial Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, February 25th. Investors of record on Tuesday, February 11th were given a dividend of $0.19 per share. The ex-dividend date of this dividend was Tuesday, February 11th. This is a boost from FB Financial's previous quarterly dividend of $0.17. This represents a $0.76 annualized dividend and a yield of 1.87%. FB Financial's dividend payout ratio is 30.77%.

Insiders Place Their Bets

In related news, major shareholder James W. Ayers acquired 2,000 shares of the company's stock in a transaction dated Monday, February 3rd. The shares were bought at an average cost of $52.07 per share, with a total value of $104,140.00. Following the completion of the transaction, the insider now directly owns 10,921,841 shares of the company's stock, valued at $568,700,260.87. This trade represents a 0.02 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders purchased a total of 8,000 shares of company stock valued at $409,940 over the last ninety days. 1.70% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on FBK. Stephens dropped their price objective 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. Piper Sandler increased their price target on shares of FB Financial from $58.00 to $60.00 and gave the company an "overweight" rating in a research note on Wednesday, April 2nd. StockNews.com upgraded shares of FB Financial from a "sell" rating to a "hold" rating in a research note on Wednesday, January 22nd. Finally, Hovde Group raised shares of 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 report on Tuesday, April 1st. 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. According to MarketBeat, the stock currently has an average rating of "Hold" and an average price target 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.