FB Financial (NYSE:FBK) Releases Quarterly Earnings Results, Beats Expectations By $0.01 EPS

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

FB Financial Stock Performance

NYSE FBK opened at $53.60 on Wednesday. FB Financial has a twelve month low of $33.35 and a twelve month high of $58.88. The stock has a market cap of $2.50 billion, a PE ratio of 23.41 and a beta of 1.16. The firm has a 50-day simple moving average of $53.77 and a 200 day simple moving average of $49.04.

FB Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, November 19th. Stockholders of record on Tuesday, November 5th were issued a dividend of $0.17 per share. The ex-dividend date of this dividend was Tuesday, November 5th. This represents a $0.68 annualized dividend and a dividend yield of 1.27%. FB Financial’s payout ratio is 29.69%.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on FBK shares. Keefe, Bruyette & Woods upped their price objective on shares of FB Financial from $50.00 to $58.00 and gave the company a “market perform” rating in a research report on Wednesday, December 4th. StockNews.com lowered shares of FB Financial from a “hold” rating to a “sell” rating in a research note on Friday, November 8th. Finally, 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. Two research 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.com, the stock has a consensus rating of “Hold” and a consensus target price of $50.20.

Insider Buying and Selling

In other FB Financial news, Director James W. Iv Cross sold 5,000 shares of the stock in a transaction on Monday, November 11th. The stock was sold at an average price of $58.22, for a total transaction of $291,100.00. Following the completion of the transaction, 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 legal filing with the SEC, which can be accessed through this link. Also, major shareholder James W. Ayers bought 2,000 shares of the company’s stock in a transaction that occurred on Friday, October 25th. The shares were purchased at an average price of $48.13 per share, with a total value of $96,260.00. Following the transaction, the insider now directly owns 10,902,341 shares in the company, valued at $524,729,672.33. This represents a 0.02 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders bought a total of 15,500 shares of company stock valued at $794,850 over the last ninety days. 1.70% of the stock is owned by company insiders.

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.