FB Financial (NYSE:FBK) Releases Earnings Results

FB Financial (NYSE:FBK) issued its quarterly earnings data on Tuesday. The financial services provider reported $0.85 earnings per share (EPS) for the quarter, beating 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 Up 0.3 %

Shares of NYSE FBK opened at $52.41 on Tuesday. The firm has a market cap of $2.45 billion, a price-to-earnings ratio of 22.89 and a beta of 1.16. The company’s 50-day simple moving average is $53.88 and its 200-day simple moving average is $48.94. FB Financial has a 52-week low of $33.35 and a 52-week high of $58.88.

FB Financial Announces Dividend

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

Insider Buying and Selling

In other news, major shareholder James W. Ayers acquired 2,000 shares of the business’s stock in a transaction on Friday, January 10th. The stock was bought at an average cost of $48.46 per share, for a total transaction of $96,920.00. Following the purchase, the insider now owns 10,917,841 shares in the company, valued at approximately $529,078,574.86. This represents a 0.02 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director James W. Iv Cross sold 5,000 shares of the firm’s stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $58.22, for a total value of $291,100.00. Following the completion of the transaction, the director now owns 54,078 shares in the company, valued at approximately $3,148,421.16. This trade represents a 8.46 % decrease in their position. The disclosure for this sale can be found here. Insiders purchased a total of 17,500 shares of company stock worth $891,710 in the last 90 days. Insiders own 1.70% of the company’s stock.

Analyst Ratings Changes

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

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.