FB Financial (NYSE:FBK) Issues Quarterly Earnings Results

FB Financial (NYSE:FBK) released its quarterly earnings data on Tuesday. The financial services provider reported $0.85 earnings per share for the quarter, beating analysts’ consensus estimates of $0.84 by $0.01, Zacks reports. FB Financial had a return on equity of 10.52% and a net margin of 15.18%.

FB Financial Trading Down 0.8 %

Shares of FB Financial stock opened at $53.13 on Thursday. FB Financial has a twelve month low of $33.35 and a twelve month high of $58.88. The firm’s 50-day moving average price is $53.70 and its 200 day moving average price is $49.15. The firm has a market capitalization of $2.48 billion, a PE ratio of 21.51 and a beta of 1.16.

FB Financial Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, November 19th. Investors of record on Tuesday, November 5th were given a dividend of $0.17 per share. The ex-dividend date was Tuesday, November 5th. This represents a $0.68 annualized dividend and a dividend yield of 1.28%. FB Financial’s dividend payout ratio (DPR) is presently 27.53%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the stock. Keefe, Bruyette & Woods lifted their target price on shares of FB Financial from $50.00 to $58.00 and gave the company a “market perform” rating in a report on Wednesday, December 4th. StockNews.com upgraded shares of FB Financial from a “sell” rating to a “hold” rating in a research report on Wednesday. Finally, Hovde Group lowered shares of FB Financial from an “outperform” rating to a “market perform” rating and set a $60.00 target price on the stock. in a research note on Monday, November 18th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $50.20.

Insider Buying and Selling at FB Financial

In other news, major shareholder James W. Ayers purchased 2,000 shares of the company’s stock in a transaction that occurred on Friday, October 25th. The stock was purchased at an average cost of $48.13 per share, for a total transaction of $96,260.00. Following the completion of the transaction, the insider now owns 10,902,341 shares of the company’s stock, valued at $524,729,672.33. This trade represents a 0.02 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director James W. Iv Cross sold 5,000 shares of the stock in a transaction on Monday, November 11th. The shares were sold at an average price of $58.22, for a total value of $291,100.00. Following the completion of the transaction, the director now directly owns 54,078 shares of the company’s stock, valued at approximately $3,148,421.16. This represents a 8.46 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders bought 15,500 shares of company stock valued at $794,850 over the last quarter. 1.70% of the stock is currently owned by insiders.

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 to businesses, professionals, and individuals. The company operates in segments, such as Banking and Mortgage. It offers checking, demand, money market, and savings accounts; deposit and lending products and services to corporate, commercial, and consumer customers; and time deposits and certificates of deposits, as well as residential mortgage loans.