Zacks: Analysts Expect FB Financial Co. (NYSE:FBK) to Announce $0.84 EPS


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Brokerages expect that FB Financial Co. (NYSE:FBK) will report $0.84 earnings per share for the current quarter, Zacks Investment Research reports. Three analysts have made estimates for FB Financial’s earnings. The highest EPS estimate is $0.95 and the lowest is $0.70. FB Financial reported earnings per share of $0.17 during the same quarter last year, which indicates a positive year over year growth rate of 394.1%. The business is scheduled to report its next earnings report after the market closes on Monday, April 26th.

On average, analysts expect that FB Financial will report full year earnings of $3.05 per share for the current year, with EPS estimates ranging from $2.90 to $3.21. For the next fiscal year, analysts anticipate that the business will report earnings of $2.87 per share, with EPS estimates ranging from $2.45 to $3.20. Zacks’ EPS averages are an average based on a survey of sell-side research analysts that follow FB Financial.

FB Financial (NYSE:FBK) last released its quarterly earnings results on Sunday, January 24th. The financial services provider reported $0.95 EPS for the quarter, topping the consensus estimate of $0.89 by $0.06. FB Financial had a return on equity of 12.36% and a net margin of 7.27%. The business had revenue of $165.88 million during the quarter, compared to analyst estimates of $164.37 million.

Several research analysts have recently commented on FBK shares. Zacks Investment Research upgraded FB Financial from a “hold” rating to a “buy” rating and set a $50.00 price target for the company in a research report on Tuesday. Truist increased their price objective on FB Financial from $43.00 to $53.00 in a research note on Monday, March 8th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and four have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $36.50.

In other FB Financial news, Director James W. Iv Cross sold 1,500 shares of the firm’s stock in a transaction on Tuesday, March 2nd. The stock was sold at an average price of $43.55, for a total value of $65,325.00. Following the sale, the director now directly owns 48,417 shares in the company, valued at $2,108,560.35. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Timothy L. Johnson sold 10,583 shares of the firm’s stock in a transaction on Friday, March 5th. The shares were sold at an average price of $45.00, for a total value of $476,235.00. Over the last quarter, insiders sold 15,215 shares of company stock worth $670,317. Insiders own 45.20% of the company’s stock.

A number of institutional investors have recently bought and sold shares of FBK. BlackRock Inc. raised its stake in FB Financial by 250.2% in the third quarter. BlackRock Inc. now owns 4,568,968 shares of the financial services provider’s stock valued at $114,772,000 after buying an additional 3,264,310 shares in the last quarter. State Street Corp increased its position in shares of FB Financial by 130.9% during the third quarter. State Street Corp now owns 1,028,420 shares of the financial services provider’s stock worth $25,834,000 after purchasing an additional 583,039 shares in the last quarter. Price T Rowe Associates Inc. MD increased its position in shares of FB Financial by 5.9% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 5,084,183 shares of the financial services provider’s stock worth $176,574,000 after purchasing an additional 285,111 shares in the last quarter. Cardinal Capital Management LLC CT increased its position in shares of FB Financial by 24.5% during the fourth quarter. Cardinal Capital Management LLC CT now owns 1,276,956 shares of the financial services provider’s stock worth $44,349,000 after purchasing an additional 251,016 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership increased its position in shares of FB Financial by 494.1% during the third quarter. Arrowstreet Capital Limited Partnership now owns 293,078 shares of the financial services provider’s stock worth $7,362,000 after purchasing an additional 243,748 shares in the last quarter. Institutional investors own 58.03% of the company’s stock.

Shares of FBK traded down $0.46 during midday trading on Friday, hitting $43.04. 844 shares of the stock were exchanged, compared to its average volume of 154,012. FB Financial has a 52-week low of $17.71 and a 52-week high of $49.62. The stock has a fifty day simple moving average of $44.67 and a 200 day simple moving average of $35.75. The firm has a market cap of $2.04 billion, a P/E ratio of 34.52 and a beta of 1.27.

The business also recently disclosed a quarterly dividend, which was paid on Monday, February 22nd. Stockholders of record on Monday, February 8th were paid a $0.11 dividend. This is a boost from FB Financial’s previous quarterly dividend of $0.09. This represents a $0.44 annualized dividend and a dividend yield of 1.02%. The ex-dividend date of this dividend was Friday, February 5th. FB Financial’s dividend payout ratio (DPR) is presently 15.55%.

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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