FB Financial Co. (FBK) To Go Ex-Dividend on May 13th

FB Financial Co. (NYSE:FBK) declared a quarterly dividend on Wednesday, April 30th, RTT News reports. Shareholders of record on Tuesday, May 13th will be given a dividend of 0.19 per share by the financial services provider on Tuesday, May 27th. This represents a $0.76 annualized dividend and a yield of 1.68%. The ex-dividend date is Tuesday, May 13th.

FB Financial has increased its dividend by an average of 15.6% per year over the last three years and has raised its dividend annually for the last 8 consecutive years. FB Financial has a dividend payout ratio of 17.4% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect FB Financial to earn $4.06 per share next year, which means the company should continue to be able to cover its $0.76 annual dividend with an expected future payout ratio of 18.7%.

FB Financial Trading Down 0.5 %

FBK stock opened at $45.24 on Friday. The firm’s 50-day moving average is $44.09 and its two-hundred day moving average is $49.77. The company has a market capitalization of $2.11 billion, a price-to-earnings ratio of 18.32 and a beta of 0.93. FB Financial has a 52 week low of $34.50 and a 52 week high of $58.88.

FB Financial (NYSE:FBK) last posted its quarterly earnings data on Monday, April 14th. The financial services provider reported $0.85 earnings per share for the quarter, meeting the consensus estimate of $0.85. The company had revenue of $130.67 million during the quarter, compared to analyst estimates of $132.28 million. FB Financial had a net margin of 15.18% and a return on equity of 10.43%. During the same quarter last year, the firm posted $0.85 EPS. On average, equities research analysts predict that FB Financial will post 3.64 earnings per share for the current year.

Analyst Ratings Changes

Several brokerages have issued reports on FBK. Hovde Group raised shares of FB Financial from a “market perform” rating to an “outperform” rating and cut their target price for the company from $60.00 to $59.00 in a research note on Tuesday, April 1st. Keefe, Bruyette & Woods dropped their price target on FB Financial from $58.00 to $52.00 and set a “market perform” rating on the stock in a research report on Thursday, April 17th. StockNews.com lowered FB Financial from a “hold” rating to a “sell” rating in a research report on Monday, April 28th. Stephens dropped their target price on FB Financial from $65.00 to $58.00 and set an “overweight” rating on the stock in a report on Wednesday, April 2nd. Finally, Piper Sandler decreased their price target on shares of FB Financial from $60.00 to $58.00 and set an “overweight” rating for the company in a report on Thursday, April 17th. Two research analysts have rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $53.80.

Insider Transactions at FB Financial

In related news, major shareholder James W. Ayers purchased 2,000 shares of FB Financial stock in a transaction on Wednesday, February 12th. The stock was bought at an average price of $51.83 per share, with a total value of $103,660.00. Following the completion of the transaction, the insider now directly owns 10,927,841 shares of the company’s stock, valued at approximately $566,389,999.03. This represents a 0.02 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director James W. Iv Cross acquired 7,200 shares of the stock in a transaction dated Wednesday, April 16th. The shares were bought at an average cost of $40.49 per share, for a total transaction of $291,528.00. Following the acquisition, the director now owns 61,278 shares in the company, valued at $2,481,146.22. The trade was a 13.31 % increase in their position. The disclosure for this purchase can be found here. Insiders have acquired a total of 11,200 shares of company stock worth $492,208 in the last 90 days. 1.90% of the stock is owned by insiders.

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.