FB Financial (NYSE:FBK) released its quarterly earnings data on Monday, January 22nd. The financial services provider reported $0.60 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.54 by $0.06, Bloomberg Earnings reports. FB Financial had a net margin of 16.84% and a return on equity of 12.72%. The firm had revenue of $86.00 million during the quarter, compared to analysts’ expectations of $79.79 million.
FB Financial (NYSE FBK) opened at $40.01 on Wednesday. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.95 and a quick ratio of 0.83. The stock has a market cap of $1,219.59, a price-to-earnings ratio of 18.93 and a beta of 1.11. FB Financial has a 12 month low of $30.40 and a 12 month high of $45.43.
A number of research analysts recently issued reports on FBK shares. UBS Group lifted their price target on shares of FB Financial from $41.00 to $45.00 and gave the stock a “buy” rating in a research note on Wednesday, October 25th. Keefe, Bruyette & Woods restated a “hold” rating and set a $42.00 price objective on shares of FB Financial in a research report on Thursday, October 26th. Zacks Investment Research upgraded shares of FB Financial from a “sell” rating to a “strong-buy” rating and set a $47.00 price objective for the company in a research report on Friday, October 27th. Finally, ValuEngine cut shares of FB Financial from a “buy” rating to a “hold” rating in a report on Friday, December 1st. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $42.33.
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FB Financial Company Profile
FB Financial Corporation is the holding company for FirstBank (the Bank). The Company and the Bank are engaged in the business of banking and provide a full range of financial services. The Bank provides a suite of commercial and consumer banking services to clients in select markets in Tennessee, North Alabama and North Georgia.
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