FB Financial Co. (FBK) Expected to Post Earnings of $0.63 Per Share

Brokerages forecast that FB Financial Co. (NYSE:FBK) will report earnings of $0.63 per share for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for FB Financial’s earnings. The highest EPS estimate is $0.63 and the lowest is $0.62. FB Financial posted earnings per share of $0.42 in the same quarter last year, which suggests a positive year over year growth rate of 50%. The business is expected to announce its next earnings results after the market closes on Monday, April 23rd.

According to Zacks, analysts expect that FB Financial will report full year earnings of $2.98 per share for the current financial year, with EPS estimates ranging from $2.89 to $3.12. For the next year, analysts anticipate that the firm will post earnings of $3.26 per share, with EPS estimates ranging from $3.19 to $3.36. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side research firms that follow FB Financial.

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FB Financial (NYSE:FBK) last announced its earnings results on Monday, January 22nd. The financial services provider reported $0.60 earnings per share for the quarter, topping analysts’ consensus estimates of $0.54 by $0.06. FB Financial had a net margin of 16.84% and a return on equity of 11.95%. The business had revenue of $86.00 million during the quarter, compared to the consensus estimate of $79.79 million.

A number of equities analysts recently weighed in on FBK shares. Zacks Investment Research raised shares of FB Financial from a “hold” rating to a “buy” rating and set a $47.00 target price for the company in a research note on Wednesday, January 3rd. ValuEngine raised shares of FB Financial from a “hold” rating to a “buy” rating in a research note on Monday, February 5th. Finally, UBS assumed coverage on shares of FB Financial in a research note on Thursday, March 22nd. They set a “neutral” rating and a $44.00 target price for the company. Four equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $42.17.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. CapWealth Advisors LLC increased its stake in FB Financial by 1.7% in the fourth quarter. CapWealth Advisors LLC now owns 259,420 shares of the financial services provider’s stock valued at $10,893,000 after purchasing an additional 4,253 shares in the last quarter. MetLife Investment Advisors LLC bought a new stake in FB Financial in the fourth quarter valued at $269,000. Forest Hill Capital LLC increased its stake in FB Financial by 3.5% in the fourth quarter. Forest Hill Capital LLC now owns 201,800 shares of the financial services provider’s stock valued at $8,474,000 after purchasing an additional 6,800 shares in the last quarter. Raymond James & Associates bought a new stake in FB Financial in the fourth quarter valued at $878,000. Finally, Cardinal Capital Management LLC CT increased its stake in FB Financial by 173.4% in the fourth quarter. Cardinal Capital Management LLC CT now owns 437,016 shares of the financial services provider’s stock valued at $18,351,000 after purchasing an additional 277,155 shares in the last quarter. 36.15% of the stock is owned by hedge funds and other institutional investors.

NYSE FBK traded down $0.36 during mid-day trading on Friday, reaching $40.65. 43,455 shares of the stock were exchanged, compared to its average volume of 103,198. FB Financial has a one year low of $32.76 and a one year high of $45.43. The company has a market capitalization of $1,252.26, a PE ratio of 19.00 and a beta of 1.30. The company has a quick ratio of 0.82, a current ratio of 0.95 and a debt-to-equity ratio of 0.24.

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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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