FB Financial (FBK) Projected to Post Earnings on Tuesday

FB Financial (NYSE:FBK - Get Free Report) is projected to release its earnings data before the market opens on Tuesday, January 21st. Analysts expect FB Financial to post earnings of $0.84 per share and revenue of $131,139.80 billion for the quarter.

FB Financial (NYSE:FBK - Get Free Report) last announced its earnings results on Tuesday, October 15th. The financial services provider reported $0.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.82 by $0.04. FB Financial had a net margin of 14.40% and a return on equity of 10.38%. The business had revenue of $169.13 million for the quarter, compared to analyst estimates of $127.44 million. During the same quarter last year, the business earned $0.71 earnings per share. On average, analysts expect FB Financial to post $3 EPS for the current fiscal year and $4 EPS for the next fiscal year.

FB Financial Stock Up 2.0 %

Shares of NYSE FBK traded up $1.04 during trading on Wednesday, hitting $52.41. The company had a trading volume of 153,328 shares, compared to its average volume of 156,992. The stock has a fifty day simple moving average of $54.07 and a two-hundred day simple moving average of $48.65. FB Financial has a fifty-two week low of $33.35 and a fifty-two week high of $58.88. The firm has a market capitalization of $2.45 billion, a price-to-earnings ratio of 22.89 and a beta of 1.16.

FB Financial Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, November 19th. Stockholders of record on Tuesday, November 5th were paid a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 1.30%. The ex-dividend date of this dividend was Tuesday, November 5th. FB Financial's dividend payout ratio is currently 29.69%.

Insiders Place Their Bets

In related news, major shareholder James W. Ayers purchased 2,000 shares of the company's stock in a transaction on Friday, October 25th. The stock was acquired at an average cost of $48.13 per share, for a total transaction of $96,260.00. Following the completion of the transaction, the insider now directly owns 10,902,341 shares in the company, valued at approximately $524,729,672.33. The trade was a 0.02 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available at this link. Also, Director James W. Iv Cross sold 5,000 shares of FB Financial stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $58.22, for a total transaction of $291,100.00. Following the sale, the director now owns 54,078 shares of the company's stock, valued at approximately $3,148,421.16. This represents a 8.46 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have bought 21,000 shares of company stock valued at $1,062,420 over the last ninety days. Company insiders own 1.70% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on FBK. Keefe, Bruyette & Woods raised their price target 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. Hovde Group downgraded shares of FB Financial from an "outperform" rating to a "market perform" rating and set a $60.00 target price on the stock. in a research note on Monday, November 18th. Finally, StockNews.com downgraded shares of FB Financial from a "hold" rating to a "sell" rating in a research note on Friday, November 8th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, the stock 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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