FB Financial (FBK) Projected to Post Earnings on Tuesday

FB Financial (NYSE:FBK) is projected to announce its earnings results before the market opens on Tuesday, January 21st. Analysts expect the company to announce earnings of $0.84 per share and revenue of $131,139.80 billion for the quarter. Parties that are interested in registering for the company’s conference call can do so using this link.

FB Financial Stock Performance

Shares of FBK opened at $52.41 on Friday. The stock has a market capitalization of $2.45 billion, a PE ratio of 22.89 and a beta of 1.16. The company has a 50 day moving average price of $53.88 and a 200-day moving average price of $48.87. FB Financial has a fifty-two week low of $33.35 and a fifty-two week high of $58.88.

FB Financial Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, November 19th. Shareholders of record on Tuesday, November 5th were paid a dividend of $0.17 per share. The ex-dividend date was Tuesday, November 5th. This represents a $0.68 dividend on an annualized basis and a yield of 1.30%. FB Financial’s payout ratio is 29.69%.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on FBK. StockNews.com downgraded shares of FB Financial from a “hold” rating to a “sell” rating in a report on Friday, November 8th. Hovde Group cut shares of FB Financial from an “outperform” rating to a “market perform” rating and set a $60.00 price target for the company. in a research report on Monday, November 18th. Finally, Keefe, Bruyette & Woods raised their price objective on shares of FB Financial from $50.00 to $58.00 and gave the company a “market perform” rating in a research note on Wednesday, December 4th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $50.20.

Insiders Place Their Bets

In other FB Financial news, major shareholder James W. Ayers purchased 2,000 shares of the business’s stock in a transaction dated Wednesday, October 23rd. The stock was bought at an average cost of $48.43 per share, for a total transaction of $96,860.00. Following the completion of the acquisition, the insider now directly owns 10,898,341 shares in the company, valued at $527,806,654.63. This represents a 0.02 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director James W. Iv Cross sold 5,000 shares of the stock in a transaction on Monday, November 11th. The stock was sold at an average price of $58.22, for a total value of $291,100.00. Following the sale, the director now owns 54,078 shares in the company, valued at $3,148,421.16. The trade was a 8.46 % decrease in their position. The disclosure for this sale can be found here. Insiders acquired a total of 19,500 shares of company stock valued at $988,050 over the last 90 days. 1.70% of the stock is owned by company 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.