Wall Street brokerages expect FB Financial Corp (NYSE:FBK) to announce sales of $86.41 million for the current quarter, Zacks reports. Two analysts have issued estimates for FB Financial’s earnings, with the lowest sales estimate coming in at $86.02 million and the highest estimate coming in at $86.80 million. FB Financial posted sales of $86.00 million during the same quarter last year, which suggests a positive year over year growth rate of 0.5%. The business is expected to report its next earnings report on Monday, January 28th.
On average, analysts expect that FB Financial will report full-year sales of $343.88 million for the current financial year, with estimates ranging from $343.65 million to $344.10 million. For the next year, analysts expect that the company will post sales of $372.82 million, with estimates ranging from $370.40 million to $375.24 million. Zacks’ sales calculations are a mean average based on a survey of sell-side analysts that follow FB Financial.
FB Financial (NYSE:FBK) last announced its earnings results on Tuesday, October 23rd. The financial services provider reported $0.68 EPS for the quarter, missing the consensus estimate of $0.72 by ($0.04). The company had revenue of $87.11 million for the quarter, compared to analyst estimates of $84.58 million. FB Financial had a return on equity of 13.41% and a net margin of 23.18%.
Several analysts have commented on FBK shares. TheStreet upgraded shares of FB Financial from a “c” rating to a “b-” rating in a report on Monday, September 17th. Raymond James dropped their target price on shares of FB Financial from $47.00 to $43.00 and set a “buy” rating on the stock in a report on Wednesday, October 24th. Stephens restated a “buy” rating and set a $47.00 target price on shares of FB Financial in a report on Tuesday, October 23rd. Zacks Investment Research upgraded shares of FB Financial from a “sell” rating to a “hold” rating in a report on Tuesday. Finally, ValuEngine upgraded shares of FB Financial from a “sell” rating to a “hold” rating in a report on Monday, November 26th. Four research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $43.50.
Several hedge funds and other institutional investors have recently bought and sold shares of FBK. Janus Henderson Group PLC raised its holdings in shares of FB Financial by 625.8% in the third quarter. Janus Henderson Group PLC now owns 519,061 shares of the financial services provider’s stock valued at $20,337,000 after purchasing an additional 447,541 shares during the last quarter. Wasatch Advisors Inc. acquired a new stake in shares of FB Financial in the third quarter valued at approximately $9,899,000. BlackRock Inc. raised its holdings in shares of FB Financial by 24.9% in the third quarter. BlackRock Inc. now owns 1,105,382 shares of the financial services provider’s stock valued at $43,310,000 after purchasing an additional 220,604 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of FB Financial by 48.0% in the second quarter. Dimensional Fund Advisors LP now owns 389,775 shares of the financial services provider’s stock valued at $15,872,000 after purchasing an additional 126,409 shares during the last quarter. Finally, RE Advisers Corp raised its holdings in shares of FB Financial by 16.4% in the second quarter. RE Advisers Corp now owns 710,975 shares of the financial services provider’s stock valued at $28,951,000 after purchasing an additional 100,000 shares during the last quarter. Institutional investors own 53.36% of the company’s stock.
FBK stock traded down $0.39 during mid-day trading on Friday, hitting $35.85. 57,000 shares of the company were exchanged, compared to its average volume of 97,530. The company has a market capitalization of $1.11 billion, a P/E ratio of 16.68 and a beta of 1.29. FB Financial has a 1-year low of $33.12 and a 1-year high of $45.43.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, November 15th. Stockholders of record on Thursday, November 1st were issued a $0.08 dividend. The ex-dividend date was Wednesday, October 31st. This is an increase from FB Financial’s previous quarterly dividend of $0.06. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.89%. FB Financial’s dividend payout ratio (DPR) is 14.95%.
About FB Financial
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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