FB Financial (NYSE:FBK) issued its earnings results on Tuesday. The financial services provider reported $0.70 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.66 by $0.04, Fidelity Earnings reports. FB Financial had a return on equity of 11.95% and a net margin of 19.75%. The business had revenue of $92.93 million during the quarter, compared to analyst estimates of $89.13 million.
NYSE FBK opened at $37.08 on Wednesday. FB Financial has a 52 week low of $30.33 and a 52 week high of $40.33. The firm has a market capitalization of $1.20 billion, a P/E ratio of 14.77 and a beta of 0.96. The company has a quick ratio of 0.86, a current ratio of 0.92 and a debt-to-equity ratio of 0.05. The company has a 50-day moving average price of $39.21 and a 200-day moving average price of $37.76.
A number of equities analysts have weighed in on the company. DA Davidson assumed coverage on FB Financial in a research report on Wednesday, October 9th. They issued a “neutral” rating and a $40.00 target price for the company. Stephens boosted their target price on FB Financial from $42.00 to $44.00 and gave the stock an “overweight” rating in a research report on Wednesday. Raymond James lowered shares of FB Financial from an “outperform” rating to a “market perform” rating and set a $38.50 price target for the company. in a research report on Wednesday, October 23rd. They noted that the move was a valuation call. SunTrust Banks upped their price target on shares of FB Financial from $43.00 to $46.00 and gave the company a “buy” rating in a research report on Thursday, January 2nd. Finally, Sandler O’Neill lowered shares of FB Financial from a “buy” rating to a “hold” rating in a research report on Monday, December 9th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the company. The company has an average rating of “Hold” and an average price target of $41.50.
In other news, Director James L. Exum sold 1,000 shares of the company’s stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $38.60, for a total transaction of $38,600.00. 45.10% of the stock is owned by corporate 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 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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