FB Financial Corp (FBK) Expected to Post Quarterly Sales of $88.44 Million
Equities research analysts expect that FB Financial Corp (NYSE:FBK) will announce sales of $88.44 million for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for FB Financial’s earnings, with the lowest sales estimate coming in at $87.93 million and the highest estimate coming in at $88.95 million. FB Financial posted sales of $81.43 million in the same quarter last year, which suggests a positive year-over-year growth rate of 8.6%. The firm is scheduled to report its next earnings results on Monday, October 22nd.
According to Zacks, analysts expect that FB Financial will report full-year sales of $345.55 million for the current financial year, with estimates ranging from $344.75 million to $346.34 million. For the next fiscal year, analysts expect that the firm will post sales of $358.09 million per share, with estimates ranging from $355.02 million to $361.16 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research analysts that follow FB Financial.
FB Financial (NYSE:FBK) last posted its quarterly earnings results on Tuesday, July 24th. The financial services provider reported $0.72 EPS for the quarter, meeting the consensus estimate of $0.72. The business had revenue of $87.23 million during the quarter, compared to analysts’ expectations of $85.34 million. FB Financial had a return on equity of 13.36% and a net margin of 20.27%.
A number of hedge funds have recently modified their holdings of the stock. Barclays PLC raised its holdings in FB Financial by 21.2% during the first quarter. Barclays PLC now owns 7,094 shares of the financial services provider’s stock worth $288,000 after purchasing an additional 1,241 shares during the last quarter. Swiss National Bank raised its holdings in shares of FB Financial by 13.2% in the first quarter. Swiss National Bank now owns 13,700 shares of the financial services provider’s stock worth $556,000 after acquiring an additional 1,600 shares during the last quarter. Affinity Investment Advisors LLC raised its holdings in shares of FB Financial by 23.9% in the first quarter. Affinity Investment Advisors LLC now owns 8,565 shares of the financial services provider’s stock worth $348,000 after acquiring an additional 1,653 shares during the last quarter. UBS Group AG raised its holdings in shares of FB Financial by 41.3% in the first quarter. UBS Group AG now owns 6,245 shares of the financial services provider’s stock worth $254,000 after acquiring an additional 1,824 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its holdings in shares of FB Financial by 62.4% in the first quarter. JPMorgan Chase & Co. now owns 5,856 shares of the financial services provider’s stock worth $238,000 after acquiring an additional 2,249 shares during the last quarter. 52.29% of the stock is owned by hedge funds and other institutional investors.
Shares of FBK traded up $0.12 during mid-day trading on Tuesday, hitting $43.73. The company’s stock had a trading volume of 491 shares, compared to its average volume of 56,072. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.93 and a quick ratio of 0.84. The stock has a market capitalization of $1.35 billion, a P/E ratio of 20.43 and a beta of 1.23. FB Financial has a 1-year low of $35.11 and a 1-year high of $45.43.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, August 15th. Investors of record on Tuesday, July 31st were issued a dividend of $0.06 per share. The ex-dividend date of this dividend was Monday, July 30th. This represents a $0.24 annualized dividend and a yield of 0.55%. FB Financial’s dividend payout ratio is presently 5.61%.
About FB Financial
FB Financial Corporation operates as a holding company for FirstBank that provides a suite of commercial and consumer banking services to businesses, professionals, and individuals. The company operates in two segments, Banking and Mortgage. It provides demand, negotiable order of withdrawal, money market, certificates of deposit, and municipal and savings accounts, as well as time deposits.
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