FB Financial Corp (FBK) Expected to Post Earnings of $0.62 Per Share

Equities analysts predict that FB Financial Corp (NYSE:FBK) will report earnings of $0.62 per share for the current fiscal quarter, according to Zacks Investment Research. Three analysts have made estimates for FB Financial’s earnings, with estimates ranging from $0.58 to $0.69. FB Financial reported earnings per share of $0.66 during the same quarter last year, which would suggest a negative year-over-year growth rate of 6.1%. The company is scheduled to issue its next earnings report on Monday, April 22nd.

According to Zacks, analysts expect that FB Financial will report full year earnings of $2.85 per share for the current fiscal year, with EPS estimates ranging from $2.72 to $3.08. For the next fiscal year, analysts forecast that the business will post earnings of $3.20 per share, with EPS estimates ranging from $3.07 to $3.42. Zacks’ EPS calculations are an average based on a survey of sell-side analysts that follow FB Financial.

FB Financial (NYSE:FBK) last released its earnings results on Wednesday, January 23rd. The financial services provider reported $0.55 earnings per share for the quarter, missing the consensus estimate of $0.63 by ($0.08). The firm had revenue of $73.62 million during the quarter, compared to analysts’ expectations of $86.41 million. FB Financial had a return on equity of 13.02% and a net margin of 21.68%.

A number of brokerages recently commented on FBK. ValuEngine raised shares of FB Financial from a “sell” rating to a “hold” rating in a research report on Monday, November 26th. Zacks Investment Research downgraded shares of FB Financial from a “buy” rating to a “hold” rating in a research report on Monday, January 21st. Stephens reaffirmed a “hold” rating and set a $40.00 price objective on shares of FB Financial in a research report on Thursday, November 15th. SunTrust Banks began coverage on shares of FB Financial in a research report on Tuesday, December 11th. They set a “buy” rating and a $43.00 price objective on the stock. Finally, Raymond James lowered their price objective on shares of FB Financial from $47.00 to $43.00 and set a “buy” rating on the stock in a research report on Wednesday, October 24th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $41.80.

Institutional investors and hedge funds have recently made changes to their positions in the stock. BlackRock Inc. lifted its stake in FB Financial by 24.7% in the second quarter. BlackRock Inc. now owns 884,778 shares of the financial services provider’s stock valued at $36,028,000 after acquiring an additional 175,162 shares during the last quarter. MetLife Investment Advisors LLC lifted its stake in shares of FB Financial by 66.6% in the third quarter. MetLife Investment Advisors LLC now owns 10,681 shares of the financial services provider’s stock worth $418,000 after buying an additional 4,270 shares during the last quarter. Brown Advisory Inc. lifted its stake in shares of FB Financial by 13.1% in the third quarter. Brown Advisory Inc. now owns 29,396 shares of the financial services provider’s stock worth $1,151,000 after buying an additional 3,414 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of FB Financial by 9.3% in the third quarter. Dimensional Fund Advisors LP now owns 426,012 shares of the financial services provider’s stock worth $16,691,000 after buying an additional 36,237 shares during the last quarter. Finally, Vanguard Group Inc lifted its stake in shares of FB Financial by 2.0% in the third quarter. Vanguard Group Inc now owns 740,151 shares of the financial services provider’s stock worth $28,999,000 after buying an additional 14,743 shares during the last quarter. 53.39% of the stock is currently owned by hedge funds and other institutional investors.

Shares of FBK opened at $33.55 on Friday. FB Financial has a 52 week low of $32.66 and a 52 week high of $44.69. The company has a market cap of $1.03 billion, a P/E ratio of 12.85 and a beta of 0.89.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 15th. Investors of record on Friday, February 1st will be given a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 0.95%. The ex-dividend date of this dividend is Thursday, January 31st. FB Financial’s payout ratio is presently 12.26%.

FB Financial Company Profile

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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Earnings History and Estimates for FB Financial (NYSE:FBK)

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