FB Financial (NYSE:FBK) Announces Earnings Results, Beats Estimates By $0.04 EPS

FB Financial (NYSE:FBK) released its quarterly earnings results on Tuesday. The financial services provider reported $0.86 earnings per share for the quarter, beating the consensus estimate of $0.82 by $0.04, Briefing.com reports. The company had revenue of $169.13 million during the quarter, compared to analysts’ expectations of $127.44 million. FB Financial had a net margin of 15.34% and a return on equity of 10.24%. During the same quarter in the prior year, the company earned $0.71 earnings per share.

FB Financial Trading Up 5.7 %

Shares of FBK opened at $50.63 on Thursday. FB Financial has a 12 month low of $27.61 and a 12 month high of $51.40. The firm has a fifty day simple moving average of $46.18 and a 200 day simple moving average of $41.45. The stock has a market capitalization of $2.38 billion, a price-to-earnings ratio of 21.27 and a beta of 1.13.

FB Financial Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, August 20th. Investors of record on Tuesday, August 6th were issued a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a yield of 1.34%. The ex-dividend date of this dividend was Tuesday, August 6th. FB Financial’s payout ratio is 28.57%.

Analyst Ratings Changes

Several research analysts have recently weighed in on FBK shares. Stephens reiterated an “overweight” rating and issued a $45.00 price target on shares of FB Financial in a report on Tuesday, July 16th. Keefe, Bruyette & Woods upped their price target on shares of FB Financial from $48.00 to $50.00 and gave the company a “market perform” rating in a report on Wednesday. Piper Sandler cut shares of FB Financial from an “overweight” rating to a “neutral” rating and upped their price target for the company from $41.00 to $46.00 in a report on Wednesday, July 17th. Finally, JPMorgan Chase & Co. reduced their price target on shares of FB Financial from $43.00 to $42.00 and set an “underweight” rating for the company in a report on Thursday, June 27th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $43.17.

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.