FB Financial (NYSE:FBK) Announces Quarterly Earnings Results

FB Financial (NYSE:FBK) released its quarterly earnings data on Tuesday. The financial services provider reported $0.85 EPS for the quarter, beating the consensus estimate of $0.84 by $0.01, Zacks reports. FB Financial had a net margin of 14.40% and a return on equity of 10.38%.

FB Financial Stock Up 0.3 %

FBK opened at $52.41 on Tuesday. The company has a market cap of $2.45 billion, a PE ratio of 22.89 and a beta of 1.16. The company has a 50-day moving average price of $53.88 and a 200 day moving average price of $48.94. FB Financial has a twelve month low of $33.35 and a twelve month high of $58.88.

FB Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, November 19th. Stockholders of record on Tuesday, November 5th were given a dividend of $0.17 per share. The ex-dividend date was Tuesday, November 5th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.30%. FB Financial’s dividend payout ratio (DPR) is 29.69%.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the stock. Keefe, Bruyette & Woods upped their price target on shares of FB Financial from $50.00 to $58.00 and gave the company a “market perform” rating in a report on Wednesday, December 4th. Hovde Group downgraded FB Financial from an “outperform” rating to a “market perform” rating and set a $60.00 target price on the stock. in a research note on Monday, November 18th. Finally, StockNews.com cut FB Financial from a “hold” rating to a “sell” rating in a research report on Friday, November 8th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $50.20.

Insider Activity at FB Financial

In other news, Director James W. Iv Cross sold 5,000 shares of the company’s stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $58.22, for a total value of $291,100.00. Following the completion of the sale, the director now directly owns 54,078 shares in the company, valued at $3,148,421.16. This represents a 8.46 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, major shareholder James W. Ayers purchased 2,000 shares of the business’s stock in a transaction that occurred on Friday, October 25th. The stock was bought at an average cost of $48.13 per share, with a total value of $96,260.00. Following the acquisition, the insider now owns 10,902,341 shares of the company’s stock, valued at approximately $524,729,672.33. The trade was a 0.02 % increase in their position. The disclosure for this purchase can be found here. In the last ninety days, insiders bought 17,500 shares of company stock valued at $891,710. 1.70% of the stock is owned by insiders.

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.