FB Financial Co. to Post FY2022 Earnings of $3.12 Per Share, DA Davidson Forecasts (NYSE:FBK)

FB Financial Co. (NYSE:FBKGet Rating) – Analysts at DA Davidson lowered their FY2022 earnings per share (EPS) estimates for shares of FB Financial in a research report issued to clients and investors on Wednesday, April 20th. DA Davidson analyst K. Fitzsimmons now expects that the financial services provider will post earnings per share of $3.12 for the year, down from their previous forecast of $3.47. DA Davidson also issued estimates for FB Financial’s FY2023 earnings at $3.58 EPS.

A number of other research analysts also recently issued reports on the stock. Stephens lifted their price objective on shares of FB Financial from $51.00 to $52.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 19th. Zacks Investment Research downgraded FB Financial from a “buy” rating to a “hold” rating in a research note on Friday. Finally, StockNews.com started coverage on FB Financial in a research note on Thursday, March 31st. They issued a “hold” rating for the company. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and an average target price of $49.20.

Shares of FBK stock opened at $41.02 on Friday. The stock’s 50-day moving average is $43.69 and its 200 day moving average is $44.36. FB Financial has a 1-year low of $34.99 and a 1-year high of $48.03. The company has a market cap of $1.95 billion, a P/E ratio of 10.36 and a beta of 1.05.

FB Financial (NYSE:FBKGet Rating) last posted its earnings results on Monday, April 18th. The financial services provider reported $0.74 earnings per share for the quarter, topping analysts’ consensus estimates of $0.72 by $0.02. FB Financial had a return on equity of 13.04% and a net margin of 31.03%. The company had revenue of $129.57 million during the quarter, compared to analyst estimates of $132.56 million. During the same quarter in the prior year, the business earned $1.10 earnings per share.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Signaturefd LLC lifted its stake in FB Financial by 221.2% during the 3rd quarter. Signaturefd LLC now owns 787 shares of the financial services provider’s stock valued at $34,000 after acquiring an additional 542 shares during the period. Advisor Group Holdings Inc. lifted 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 purchasing an additional 519 shares during the period. PNC Financial Services Group Inc. boosted its holdings in FB Financial by 27.7% in 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 purchasing an additional 652 shares during the last quarter. MML Investors Services LLC acquired a new stake in FB Financial during the 4th quarter worth about $201,000. Finally, Teacher Retirement System of Texas purchased a new position in shares of FB Financial during the 3rd quarter valued at about $229,000. Hedge funds and other institutional investors own 64.99% of the company’s stock.

The company also recently declared a quarterly dividend, which was paid on Tuesday, February 22nd. Shareholders of record on Tuesday, February 8th were paid a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a yield of 1.27%. The ex-dividend date of this dividend was Monday, February 7th. This is an increase from FB Financial’s previous quarterly dividend of $0.11. FB Financial’s payout ratio is presently 13.13%.

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

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