Brokerages expect FB Financial Co. (NYSE:FBK) to report sales of $81.29 million for the current quarter, Zacks Investment Research reports. Two analysts have issued estimates for FB Financial’s earnings, with estimates ranging from $80.87 million to $81.70 million. FB Financial posted sales of $61.34 million in the same quarter last year, which suggests a positive year-over-year growth rate of 32.5%. The firm is scheduled to issue its next quarterly earnings report on Monday, April 23rd.
On average, analysts expect that FB Financial will report full-year sales of $81.29 million for the current year, with estimates ranging from $345.50 million to $347.07 million. For the next financial year, analysts forecast that the company will report sales of $362.27 million per share, with estimates ranging from $359.10 million to $365.44 million. Zacks’ sales calculations are an average based on a survey of research analysts that that provide coverage for FB Financial.
FB Financial (NYSE:FBK) last posted its quarterly earnings results on Monday, January 22nd. The financial services provider reported $0.60 EPS for the quarter, topping the Zacks’ consensus estimate of $0.54 by $0.06. The firm had revenue of $86.00 million for the quarter, compared to analysts’ expectations of $79.79 million. FB Financial had a net margin of 16.84% and a return on equity of 11.95%.
FBK has been the topic of a number of research analyst reports. ValuEngine cut shares of FB Financial from a “buy” rating to a “hold” rating in a report on Saturday, February 17th. UBS initiated coverage on shares of FB Financial in a report on Thursday, March 22nd. They issued a “neutral” rating and a $44.00 price target on the stock. Finally, Zacks Investment Research upgraded shares of FB Financial from a “hold” rating to a “buy” rating and set a $47.00 price target on the stock in a report on Wednesday, January 3rd. Four analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $42.17.
A number of institutional investors have recently modified their holdings of FBK. Nationwide Fund Advisors grew its holdings in FB Financial by 60.5% during the 3rd quarter. Nationwide Fund Advisors now owns 6,339 shares of the financial services provider’s stock worth $239,000 after acquiring an additional 2,389 shares in the last quarter. Raymond James Financial Services Advisors Inc. bought a new position in FB Financial during the 3rd quarter worth about $202,000. Rhumbline Advisers grew its holdings in FB Financial by 33.0% during the 3rd quarter. Rhumbline Advisers now owns 9,343 shares of the financial services provider’s stock worth $352,000 after acquiring an additional 2,320 shares in the last quarter. Bank of New York Mellon Corp grew its holdings in FB Financial by 94.4% during the 3rd quarter. Bank of New York Mellon Corp now owns 51,728 shares of the financial services provider’s stock worth $1,951,000 after acquiring an additional 25,124 shares in the last quarter. Finally, American International Group Inc. grew its holdings in FB Financial by 110.9% during the 3rd quarter. American International Group Inc. now owns 8,672 shares of the financial services provider’s stock worth $327,000 after acquiring an additional 4,560 shares in the last quarter. Institutional investors own 36.15% of the company’s stock.
NYSE FBK opened at $40.71 on Monday. The company has a current ratio of 0.95, a quick ratio of 0.82 and a debt-to-equity ratio of 0.24. The stock has a market capitalization of $1,243.12, a PE ratio of 19.29 and a beta of 1.30. FB Financial has a 12 month low of $32.76 and a 12 month high of $45.43.
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FB Financial Company Profile
FB Financial Corporation operates as a holding company for FirstBank that provides a suite of commercial and consumer banking services to businesses, professionals, and individuals. The company operates in two segments, Banking and Mortgage. It provides demand, negotiable order of withdrawal, money market, certificates of deposit, and municipal and savings accounts, as well as time deposits.
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