FB Financial (NYSE:FBK) Releases Earnings Results, Meets Estimates

FB Financial (NYSE:FBK - Get Free Report) posted its quarterly earnings data on Monday. The financial services provider reported $0.85 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.85, Zacks reports. FB Financial had a net margin of 15.18% and a return on equity of 10.43%. The company had revenue of $130.67 million for the quarter, compared to the consensus estimate of $132.28 million. During the same quarter in the previous year, the firm posted $0.85 EPS.

FB Financial Stock Performance

Shares of NYSE:FBK traded up $0.08 on Friday, hitting $40.56. The stock had a trading volume of 289,586 shares, compared to its average volume of 165,433. The company has a market capitalization of $1.89 billion, a price-to-earnings ratio of 16.42 and a beta of 0.92. The firm's 50 day moving average price is $46.33 and its 200-day moving average price is $50.18. FB Financial has a twelve month low of $34.50 and a twelve month high of $58.88.

FB Financial Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, February 25th. Shareholders of record on Tuesday, February 11th were issued a dividend of $0.19 per share. The ex-dividend date was Tuesday, February 11th. This is a boost from FB Financial's previous quarterly dividend of $0.17. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.87%. FB Financial's dividend payout ratio (DPR) is presently 27.94%.

Insider Activity at FB Financial

In other news, major shareholder James W. Ayers acquired 2,000 shares of the company's stock in a transaction dated Friday, January 31st. The stock was bought at an average price of $52.56 per share, with a total value of $105,120.00. Following the completion of the acquisition, the insider now owns 10,919,841 shares in the company, valued at approximately $573,946,842.96. This represents a 0.02 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director James W. Iv Cross bought 7,200 shares of FB Financial stock in a transaction dated Wednesday, April 16th. The stock was acquired at an average cost of $40.49 per share, for a total transaction of $291,528.00. Following the completion of the acquisition, the director now directly owns 61,278 shares in the company, valued at $2,481,146.22. This represents a 13.31 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders bought 15,200 shares of company stock valued at $701,468 in the last ninety days. Insiders own 1.70% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on FBK shares. Stephens lowered their price target 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 upgraded FB Financial from a "sell" rating to a "hold" rating in a research note on Wednesday, January 22nd. Keefe, Bruyette & Woods decreased their price target on shares of FB Financial from $58.00 to $52.00 and set a "market perform" rating on the stock in a research note on Thursday. Piper Sandler lowered their price target on shares of FB Financial from $60.00 to $58.00 and set an "overweight" rating on the stock in a report on Thursday. Finally, Hovde Group raised shares of FB Financial from a "market perform" rating to an "outperform" rating and reduced their price objective for the stock 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 given a buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and an average target price of $53.80.

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.