FB Financial (NYSE:FBK) Issues Earnings Results

FB Financial (NYSE:FBK – Get Rating) announced its quarterly earnings data on Monday. The financial services provider reported $0.74 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.72 by $0.02, MarketWatch Earnings reports. The business had revenue of $129.57 million during the quarter, compared to analysts’ expectations of $132.56 million. FB Financial had a return on equity of 13.04% and a net margin of 31.03%. During the same quarter in the previous year, the business earned $1.10 earnings per share.

FBK opened at $42.41 on Friday. The stock has a market cap of $2.01 billion, a price-to-earnings ratio of 10.71 and a beta of 1.05. The stock’s 50 day moving average price is $43.76 and its 200-day moving average price is $44.38. FB Financial has a one year low of $34.99 and a one year high of $48.03.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, February 22nd. Stockholders of record on Tuesday, February 8th were paid a dividend of $0.13 per share. This is a boost from FB Financial’s previous quarterly dividend of $0.11. The ex-dividend date was Monday, February 7th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.23%. FB Financial’s dividend payout ratio is currently 13.13%.

Several analysts recently commented on FBK shares. StockNews.com assumed coverage on FB Financial in a report on Thursday, March 31st. They issued a “hold” rating for the company. Zacks Investment Research raised FB Financial from a “hold” rating to a “buy” rating and set a $50.00 price objective on the stock in a research note on Thursday, March 31st. Finally, Stephens boosted their price objective on FB Financial from $51.00 to $52.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 19th. One analyst has rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of $49.20.

Large investors have recently made changes to their positions in the stock. Principal Financial Group Inc. grew its stake in FB Financial by 3.3% in the third quarter. Principal Financial Group Inc. now owns 285,448 shares of the financial services provider’s stock worth $12,240,000 after purchasing an additional 9,167 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its holdings in FB Financial by 4.4% during the third quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 26,933 shares of the financial services provider’s stock worth $1,155,000 after buying an additional 1,128 shares during the period. Wasatch Advisors Inc. lifted its holdings in FB Financial by 4.9% during the third quarter. Wasatch Advisors Inc. now owns 1,441,571 shares of the financial services provider’s stock worth $61,815,000 after buying an additional 67,335 shares during the period. Comerica Bank lifted its holdings in FB Financial by 2.5% during the third quarter. Comerica Bank now owns 32,183 shares of the financial services provider’s stock worth $1,505,000 after buying an additional 776 shares during the period. Finally, Texas Permanent School Fund lifted its holdings in FB Financial by 4.9% during the third quarter. Texas Permanent School Fund now owns 26,277 shares of the financial services provider’s stock worth $1,127,000 after buying an additional 1,218 shares during the period. 64.99% of the stock is currently owned by institutional investors.

About FB Financial (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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