FB Financial (NYSE:FBK – Get Free Report) issued its earnings results on Tuesday. The financial services provider reported $0.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.82 by $0.04, Briefing.com reports. FB Financial had a net margin of 15.34% and a return on equity of 10.24%. The company had revenue of $169.13 million for the quarter, compared to analysts’ expectations of $127.44 million. During the same period in the prior year, the business earned $0.71 EPS.
FB Financial Stock Down 1.2 %
Shares of FB Financial stock traded down $0.60 during midday trading on Thursday, hitting $50.01. The company had a trading volume of 12,994 shares, compared to its average volume of 144,434. The stock has a market cap of $2.35 billion, a price-to-earnings ratio of 21.27 and a beta of 1.13. The company has a fifty day simple moving average of $46.18 and a 200 day simple moving average of $41.45. FB Financial has a 12-month low of $27.75 and a 12-month high of $51.40.
FB Financial Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, August 20th. Investors of record on Tuesday, August 6th were given a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 1.36%. The ex-dividend date of this dividend was Tuesday, August 6th. FB Financial’s payout ratio is currently 28.57%.
Analyst Upgrades and Downgrades
Check Out Our Latest Research Report on FBK
FB Financial Company Profile
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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