FB Financial (NYSE:FBK) released its quarterly earnings data on Tuesday. The financial services provider reported $0.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.66 by $0.04, Fidelity Earnings reports. FB Financial had a net margin of 19.75% and a return on equity of 11.95%. The company had revenue of $92.93 million during the quarter, compared to the consensus estimate of $89.13 million.
NYSE FBK opened at $37.75 on Wednesday. FB Financial has a one year low of $30.33 and a one year high of $40.33. The company has a 50-day simple moving average of $39.21 and a 200-day simple moving average of $37.76. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.86 and a current ratio of 0.92. The firm has a market capitalization of $1.20 billion, a PE ratio of 15.04 and a beta of 0.96.
In other news, Director James L. Exum sold 1,000 shares of FB Financial stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $38.60, for a total value of $38,600.00. Insiders own 45.10% of the company’s stock.
Several equities analysts have issued reports on FBK shares. Sandler O’Neill downgraded shares of FB Financial from a “buy” rating to a “hold” rating in a research note on Monday, December 9th. SunTrust Banks increased their target price on shares of FB Financial from $43.00 to $46.00 and gave the stock a “buy” rating in a research note on Thursday, January 2nd. Raymond James downgraded shares of FB Financial from an “outperform” rating to a “market perform” rating and set a $38.50 target price for the company. in a research note on Wednesday, October 23rd. They noted that the move was a valuation call. Zacks Investment Research upgraded shares of FB Financial from a “sell” rating to a “hold” rating in a research note on Friday, January 10th. Finally, Stephens increased their target price on shares of FB Financial from $42.00 to $44.00 and gave the company an “overweight” rating in a report on Wednesday. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $41.50.
FB Financial Company Profile
FB Financial Corporation operates as a bank holding company for FirstBank that provides a suite of commercial and consumer banking services 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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