Analysts expect that FB Financial Co. (NYSE: FBK – Get Rating) will report sales of $ 143.07 million for the current fiscal quarter, according to Zacks. Four analysts have made estimates for FB Financial’s earnings. The lowest sales estimate is $ 137.87 million and the highest is $ 146.60 million. FB Financial posted sales of $ 135.86 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 5.3%. The company is expected to announce its next quarterly earnings report on Monday, January 1st.
According to Zacks, analysts expect that FB Financial will report full-year sales of $ 574.64 million for the current fiscal year, with estimates ranging from $ 553.52 million to $ 592.30 million. For next year, analysts forecast that the company will report sales of $ 656.68 million, with estimates ranging from $ 624.32 million to $ 709.30 million. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research analysts that follow FB Financial.
FB Financial (NYSE: FBK – Get Rating) last issued its quarterly earnings results on Monday, April 18th. The financial services provider reported $ 0.74 earnings per share for the quarter, topping the consensus estimate of $ 0.72 by $ 0.02. The business had revenue of $ 129.57 million during the quarter, compared to the consensus estimate of $ 132.56 million. FB Financial had a return on equity of 11.66% and a net margin of 29.35%. During the same quarter last year, the company earned $ 1.10 earnings per share.
A number of equities research analysts recently commented on FBK shares. StockNews.com started coverage on FB Financial in a report on Thursday, March 31st. They set a “hold” rating for the company. Zacks Investment Research downgraded FB Financial from a “buy” rating to a “hold” rating in a report on Friday, April 22nd. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of $ 49.20.
Shares of NYSE FBK opened at $ 39.02 on Friday. FB Financial has a fifty-two week low of $ 34.99 and a fifty-two week high of $ 48.03. The company has a market cap of $ 1.84 billion, a PE ratio of 10.84 and a beta of 1.07. The business has a 50-day simple moving average of $ 41.71 and a two-hundred day simple moving average of $ 43.60.
The business also recently declared a quarterly dividend, which will be paid on Monday, May 23rd. Investors of record on Monday, May 9th will be given a dividend of $ 0.13 per share. This represents a $ 0.52 annualized dividend and a yield of 1.33%. The ex-dividend date of this dividend is Friday, May 6th. FB Financial’s dividend payout ratio is currently 14.44%.
Hedge funds have recently made changes to their positions in the stock. Signaturefd LLC raised its position in FB Financial by 32.9% during the first quarter. Signaturefd LLC now owns 1,127 shares of the financial services provider’s stock valued at $ 50,000 after acquiring an additional 279 shares in the last quarter. Point72 Hong Kong Ltd raised its position in FB Financial by 413.0% during the first quarter. Point72 Hong Kong Ltd now owns 1,616 shares of the financial services provider’s stock valued at $ 72,000 after acquiring an additional 1,301 shares in the last quarter. Advisor Group Holdings Inc. raised its position in FB Financial by 24.6% during the third quarter. Advisor Group Holdings Inc. now owns 2,630 shares of the financial services provider’s stock valued at $ 112,000 after acquiring an additional 519 shares in the last quarter. PNC Financial Services Group Inc. raised its position in FB Financial by 27.7% during the third quarter. PNC Financial Services Group Inc. now owns 3,009 shares of the financial services provider’s stock valued at $ 130,000 after acquiring an additional 652 shares in the last quarter. Finally, MML Investors Services LLC purchased a new stake in shares of FB Financial in the fourth quarter valued at approximately $ 201,000. Institutional investors own 63.62% of the company’s stock.
FB Financial Company Profile (Get Rating)
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 two segments, 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 engages in the mortgage origination business.
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