FB Financial (NYSE:FBK) Announces Earnings Results, Meets Expectations

FB Financial (NYSE:FBK) issued its quarterly earnings data on Tuesday. The financial services provider reported $1.21 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $1.21, FiscalAI reports. The firm had revenue of $175.62 million during the quarter, compared to analysts’ expectations of $181.56 million. FB Financial had a net margin of 19.00% and a return on equity of 12.08%.

FB Financial Trading Up 0.6%

Shares of FBK stock opened at $52.97 on Tuesday. FB Financial has a 1 year low of $49.24 and a 1 year high of $62.65. The firm’s fifty day simple moving average is $56.30 and its 200 day simple moving average is $55.31. The firm has a market capitalization of $2.65 billion, a P/E ratio of 14.20 and a beta of 0.98.

FB Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, August 25th. Stockholders of record on Tuesday, August 11th were paid a $0.21 dividend. The ex-dividend date was Tuesday, August 11th. This represents a $0.84 annualized dividend and a dividend yield of 1.6%. FB Financial’s dividend payout ratio (DPR) is presently 22.52%.

Analyst Ratings Changes

FBK has been the subject of a number of research analyst reports. Benchmark boosted their target price on shares of FB Financial from $64.00 to $67.00 and gave the stock a “buy” rating in a research report on Wednesday, July 15th. Weiss Ratings raised FB Financial from a “buy (b-)” rating to a “buy (b)” rating in a research report on Friday. Keefe, Bruyette & Woods reaffirmed an “outperform” rating on shares of FB Financial in a research report on Tuesday, July 14th. Finally, Raymond James Financial lifted their price objective on FB Financial from $62.00 to $63.00 and gave the stock a “strong-buy” rating in a research note on Wednesday, July 1st. One research analyst has rated the stock with a Strong Buy rating and six have issued a Buy rating to the stock. According to data from MarketBeat.com, FB Financial currently has an average rating of “Buy” and an average price target of $64.67.

FB Financial Company Profile

FB Financial Corporation is a bank holding company headquartered in Nashville, Tennessee. Its principal subsidiary, FirstBank, provides banking and financial services to individuals, businesses and institutions through a regional branch network and digital banking channels.

FirstBank’s offerings include personal and business deposit accounts, residential and commercial real estate lending, consumer loans, commercial and industrial financing, treasury management, wealth management and mortgage banking services.