FB Financial (FBK) Set to Announce Earnings on Tuesday

FB Financial (NYSE:FBK) is set to release its earnings data before the market opens on Tuesday, October 15th. Analysts expect FB Financial to post earnings of $0.80 per share for the quarter. Persons interested in participating in the company’s earnings conference call can do so using this link.

FB Financial (NYSE:FBK) last released its quarterly earnings data on Monday, July 15th. The financial services provider reported $0.84 earnings per share for the quarter, beating the consensus estimate of $0.76 by $0.08. FB Financial had a return on equity of 10.24% and a net margin of 15.34%. The business had revenue of $128.22 million for the quarter, compared to analyst estimates of $123.52 million. On average, analysts expect FB Financial to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

FB Financial Trading Up 4.0 %

Shares of FBK stock opened at $47.53 on Monday. The business’s 50-day moving average price is $45.82 and its 200-day moving average price is $41.24. FB Financial has a 12 month low of $27.61 and a 12 month high of $49.97. The firm has a market capitalization of $2.23 billion, a price-to-earnings ratio of 19.97 and a beta of 1.13.

FB Financial Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, August 20th. Stockholders of record on Tuesday, August 6th were paid a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.43%. The ex-dividend date was Tuesday, August 6th. FB Financial’s payout ratio is 28.57%.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on FBK. Keefe, Bruyette & Woods raised their price objective on FB Financial from $40.00 to $45.00 and gave the stock a “market perform” rating in a research report on Wednesday, July 17th. JPMorgan Chase & Co. dropped their price target on FB Financial from $43.00 to $42.00 and set an “underweight” rating on the stock in a research note on Thursday, June 27th. Piper Sandler lowered FB Financial from an “overweight” rating to a “neutral” rating and boosted their price target for the company from $41.00 to $46.00 in a research note on Wednesday, July 17th. Finally, Stephens reissued an “overweight” rating and issued a $45.00 price target on shares of FB Financial in a research note on Tuesday, July 16th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $42.33.

About FB Financial

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.