FB Financial (FBK) to Release Earnings on Tuesday

FB Financial (NYSE:FBK) is scheduled 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 earnings results on Monday, July 15th. The financial services provider reported $0.84 EPS for the quarter, topping the consensus estimate of $0.76 by $0.08. FB Financial had a net margin of 15.34% and a return on equity of 10.24%. The company had revenue of $128.22 million during the quarter, compared to analysts’ expectations 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 Stock Performance

FBK stock opened at $45.65 on Tuesday. FB Financial has a one year low of $27.61 and a one year high of $49.97. The stock has a market capitalization of $2.15 billion, a PE ratio of 19.18 and a beta of 1.13. The company has a fifty day moving average of $45.80 and a 200-day moving average of $40.91.

FB Financial Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, August 20th. Stockholders of record on Tuesday, August 6th were paid a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 1.49%. The ex-dividend date was Tuesday, August 6th. FB Financial’s dividend payout ratio (DPR) is presently 28.57%.

Wall Street Analysts Forecast Growth

FBK has been the subject of several recent analyst reports. JPMorgan Chase & Co. reduced their target price on shares of FB Financial from $43.00 to $42.00 and set an “underweight” rating for the company in a research note on Thursday, June 27th. Piper Sandler cut shares of FB Financial from an “overweight” rating to a “neutral” rating and raised their price objective for the company from $41.00 to $46.00 in a research note on Wednesday, July 17th. Stephens reiterated an “overweight” rating and issued a $45.00 price objective on shares of FB Financial in a research note on Tuesday, July 16th. Finally, Keefe, Bruyette & Woods raised their price objective on shares of FB Financial from $40.00 to $45.00 and gave the company a “market perform” rating in a research note on Wednesday, July 17th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, FB Financial has a consensus rating of “Hold” and a consensus price target of $42.33.

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.