Brokerages Expect FB Financial Co. (NYSE:FBK) Will Announce Quarterly Sales of $139.78 Million

Analysts expect that FB Financial Co. (NYSE:FBK) will post $139.78 million in sales for the current quarter, according to Zacks Investment Research. Four analysts have provided estimates for FB Financial’s earnings, with the highest sales estimate coming in at $142.80 million and the lowest estimate coming in at $137.20 million. FB Financial reported sales of $165.88 million during the same quarter last year, which would suggest a negative year-over-year growth rate of 15.7%. The firm is scheduled to announce its next quarterly earnings report on Monday, January 24th.

On average, analysts expect that FB Financial will report full-year sales of $571.98 million for the current financial year, with estimates ranging from $569.20 million to $574.80 million. For the next fiscal year, analysts expect that the company will post sales of $557.56 million, with estimates ranging from $534.12 million to $568.00 million. Zacks’ sales calculations are a mean average based on a survey of research analysts that follow FB Financial.

FB Financial (NYSE:FBK) last issued its earnings results on Sunday, October 17th. The financial services provider reported $0.94 EPS for the quarter, beating the consensus estimate of $0.81 by $0.13. FB Financial had a net margin of 29.15% and a return on equity of 14.27%. During the same quarter in the previous year, the business posted $1.46 earnings per share.

Several brokerages have commented on FBK. TheStreet upgraded shares of FB Financial from a “c+” rating to a “b-” rating in a research report on Monday, August 30th. Zacks Investment Research cut shares of FB Financial from a “buy” rating to a “hold” rating in a research report on Thursday, November 4th. Finally, Truist upped their price objective on shares of FB Financial from $46.00 to $52.00 and gave the company a “buy” rating in a research report on Wednesday, October 20th. One analyst has rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of $49.00.

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Trustcore Financial Services LLC boosted its stake in FB Financial by 1.8% in the 2nd quarter. Trustcore Financial Services LLC now owns 16,125 shares of the financial services provider’s stock worth $602,000 after purchasing an additional 288 shares during the period. Voya Investment Management LLC boosted its stake in shares of FB Financial by 2.7% during the 3rd quarter. Voya Investment Management LLC now owns 13,466 shares of the financial services provider’s stock worth $577,000 after buying an additional 358 shares during the last quarter. Phocas Financial Corp. boosted its stake in shares of FB Financial by 0.5% during the 3rd quarter. Phocas Financial Corp. now owns 80,371 shares of the financial services provider’s stock worth $3,446,000 after buying an additional 385 shares during the last quarter. 1492 Capital Management LLC boosted its stake in shares of FB Financial by 1.3% during the 3rd quarter. 1492 Capital Management LLC now owns 37,525 shares of the financial services provider’s stock worth $1,609,000 after buying an additional 474 shares during the last quarter. Finally, Advisor Group Holdings Inc. boosted its stake in shares of FB Financial by 30.1% during the 2nd quarter. Advisor Group Holdings Inc. now owns 2,111 shares of the financial services provider’s stock worth $79,000 after buying an additional 489 shares during the last quarter. 87.33% of the stock is owned by hedge funds and other institutional investors.

Shares of FB Financial stock traded down $0.32 on Thursday, hitting $46.18. 57,553 shares of the company’s stock traded hands, compared to its average volume of 151,301. The firm has a 50-day moving average price of $44.28. The company has a market cap of $2.20 billion, a PE ratio of 11.87 and a beta of 1.16. FB Financial has a one year low of $31.91 and a one year high of $49.62.

The business also recently announced a quarterly dividend, which was paid on Monday, November 22nd. Investors of record on Monday, November 8th were paid a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a yield of 0.95%. The ex-dividend date was Friday, November 5th. FB Financial’s payout ratio is presently 11.31%.

About FB Financial

FB Financial Corp. is a bank holding company, which provides commercial and consumer banking services to clients in select markets primarily in Tennessee, North Alabama, and North Georgia through its subsidiary. It operates through the Banking and Mortgage segments. The Banking segments deals with interest on loans and investments, loan-related fees, originations in banking footprint, investment services, and deposit-related fees.

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Earnings History and Estimates for FB Financial (NYSE:FBK)

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