FB Financial Co. (NYSE:FBK – Get Free Report) announced a quarterly dividend on Wednesday, May 1st, Zacks reports. Stockholders of record on Tuesday, May 14th will be given a dividend of 0.17 per share by the financial services provider on Tuesday, May 28th. This represents a $0.68 annualized dividend and a dividend yield of 1.76%. The ex-dividend date of this dividend is Monday, May 13th.
FB Financial has increased its dividend by an average of 18.6% annually over the last three years and has raised its dividend annually for the last 5 consecutive years. FB Financial has a dividend payout ratio of 21.7% indicating that its dividend is sufficiently covered by earnings. Analysts expect FB Financial to earn $3.14 per share next year, which means the company should continue to be able to cover its $0.68 annual dividend with an expected future payout ratio of 21.7%.
FB Financial Stock Up 0.7 %
Shares of FBK stock traded up $0.26 during mid-day trading on Friday, hitting $38.55. 119,166 shares of the company’s stock were exchanged, compared to its average volume of 135,847. FB Financial has a fifty-two week low of $24.34 and a fifty-two week high of $41.00. The stock has a market cap of $1.81 billion, a price-to-earnings ratio of 16.18 and a beta of 1.12. The stock has a 50-day simple moving average of $36.17 and a two-hundred day simple moving average of $35.75.
Analyst Upgrades and Downgrades
View Our Latest Analysis on FBK
Insider Transactions at FB Financial
In related news, major shareholder James W. Ayers acquired 3,000 shares of FB Financial stock in a transaction dated Tuesday, February 13th. The stock was acquired at an average cost of $35.91 per share, with a total value of $107,730.00. Following the purchase, the insider now directly owns 10,884,841 shares in the company, valued at approximately $390,874,640.31. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other FB Financial news, major shareholder James W. Ayers bought 3,000 shares of FB Financial stock in a transaction dated Tuesday, February 13th. The stock was bought at an average price of $35.91 per share, for a total transaction of $107,730.00. Following the completion of the acquisition, the insider now directly owns 10,884,841 shares of the company’s stock, valued at $390,874,640.31. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, major shareholder James W. Ayers acquired 2,000 shares of the business’s stock in a transaction that occurred on Wednesday, February 21st. The shares were purchased at an average price of $36.35 per share, with a total value of $72,700.00. Following the completion of the acquisition, the insider now owns 10,886,841 shares of the company’s stock, valued at approximately $395,736,670.35. The disclosure for this purchase can be found here. Corporate insiders own 1.70% of the company’s stock.
About FB Financial
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 segments, such as 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 residential mortgage loans.
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