Brokerages expect that FB Financial Corp (NYSE:FBK) will post earnings of $0.63 per share for the current fiscal quarter, Zacks Investment Research reports. Three analysts have provided estimates for FB Financial’s earnings, with the lowest EPS estimate coming in at $0.61 and the highest estimate coming in at $0.65. FB Financial posted earnings of $0.66 per share during the same quarter last year, which would indicate a negative year over year growth rate of 4.5%. The firm is expected to issue its next earnings report on Monday, April 27th.

On average, analysts expect that FB Financial will report full year earnings of $2.81 per share for the current fiscal year, with EPS estimates ranging from $2.80 to $2.82. For the next year, analysts anticipate that the firm will post earnings of $3.30 per share, with EPS estimates ranging from $3.25 to $3.36. Zacks’ EPS calculations are an average based on a survey of sell-side research firms that cover FB Financial.

FB Financial (NYSE:FBK) last posted its earnings results on Tuesday, January 21st. The financial services provider reported $0.70 earnings per share for the quarter, beating analysts’ consensus estimates of $0.66 by $0.04. FB Financial had a return on equity of 12.43% and a net margin of 20.05%. The company had revenue of $92.93 million for the quarter, compared to the consensus estimate of $89.13 million.

FBK has been the topic of a number of recent research reports. ValuEngine downgraded FB Financial from a “hold” rating to a “sell” rating in a report on Tuesday, January 28th. Sandler O’Neill downgraded FB Financial from a “buy” rating to a “hold” rating in a report on Monday, December 9th. Stephens raised their price objective on FB Financial from $42.00 to $44.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 22nd. Zacks Investment Research raised FB Financial from a “sell” rating to a “hold” rating in a research note on Friday, January 10th. Finally, Raymond James downgraded FB Financial from an “outperform” rating to a “market perform” rating and set a $38.50 price objective on the stock. in a research note on Wednesday, October 23rd. They noted that the move was a valuation call. One research analyst has rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $41.50.

In other news, Director James L. Exum sold 1,000 shares of the firm’s stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $38.60, for a total value of $38,600.00. 45.10% of the stock is owned by company insiders.

Several large investors have recently added to or reduced their stakes in the stock. BlackRock Inc. grew its position in shares of FB Financial by 2.4% during the second quarter. BlackRock Inc. now owns 1,162,732 shares of the financial services provider’s stock worth $42,556,000 after purchasing an additional 27,724 shares in the last quarter. Goldman Sachs Group Inc. grew its position in shares of FB Financial by 16.5% during the fourth quarter. Goldman Sachs Group Inc. now owns 1,105,891 shares of the financial services provider’s stock worth $43,782,000 after purchasing an additional 156,314 shares in the last quarter. Vanguard Group Inc. grew its position in shares of FB Financial by 1.2% during the second quarter. Vanguard Group Inc. now owns 814,838 shares of the financial services provider’s stock worth $29,823,000 after purchasing an additional 9,365 shares in the last quarter. State Street Corp grew its position in shares of FB Financial by 2.8% during the fourth quarter. State Street Corp now owns 387,561 shares of the financial services provider’s stock worth $15,344,000 after purchasing an additional 10,616 shares in the last quarter. Finally, Bank of America Corp DE grew its position in shares of FB Financial by 6.9% during the fourth quarter. Bank of America Corp DE now owns 261,954 shares of the financial services provider’s stock worth $10,371,000 after purchasing an additional 16,988 shares in the last quarter. Hedge funds and other institutional investors own 53.76% of the company’s stock.

FBK stock traded down $0.54 during trading on Friday, reaching $36.70. The stock had a trading volume of 66,906 shares, compared to its average volume of 120,794. FB Financial has a 52 week low of $30.33 and a 52 week high of $40.33. The stock’s 50 day moving average is $37.95 and its two-hundred day moving average is $37.73. The company has a current ratio of 0.92, a quick ratio of 0.86 and a debt-to-equity ratio of 0.05. The firm has a market cap of $1.13 billion, a PE ratio of 13.85 and a beta of 0.99.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 2nd. Stockholders of record on Saturday, February 15th will be paid a $0.09 dividend. The ex-dividend date is Thursday, February 13th. This represents a $0.36 annualized dividend and a dividend yield of 0.98%. This is an increase from FB Financial’s previous quarterly dividend of $0.08. FB Financial’s dividend payout ratio (DPR) is 11.31%.

About FB Financial

FB Financial Corporation operates as a bank holding company for FirstBank that provides a suite of commercial and consumer banking services 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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Earnings History and Estimates for FB Financial (NYSE:FBK)

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