FB Financial (NYSE:FBK) Posts Earnings Results, Beats Expectations By $0.01 EPS

FB Financial (NYSE:FBK) issued its quarterly earnings data on Tuesday. The financial services provider reported $0.85 EPS for the quarter, topping the consensus estimate of $0.84 by $0.01, Zacks reports. FB Financial had a net margin of 15.18% and a return on equity of 10.52%.

FB Financial Trading Down 0.8 %

Shares of NYSE:FBK opened at $53.13 on Thursday. FB Financial has a 52 week low of $33.35 and a 52 week high of $58.88. The company’s 50 day moving average is $53.70 and its two-hundred day moving average is $49.15. The company has a market cap of $2.48 billion, a PE ratio of 21.51 and a beta of 1.16.

FB Financial Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, November 19th. Investors of record on Tuesday, November 5th were issued a $0.17 dividend. The ex-dividend date was Tuesday, November 5th. This represents a $0.68 annualized dividend and a yield of 1.28%. FB Financial’s dividend payout ratio (DPR) is 27.53%.

Insider Transactions at FB Financial

In related news, Director James W. Iv Cross sold 5,000 shares of the business’s stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $58.22, for a total transaction of $291,100.00. Following the completion of 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder James W. Ayers purchased 2,000 shares of the company’s stock in a transaction on Monday, October 28th. The stock was bought at an average price of $50.29 per share, for a total transaction of $100,580.00. Following the completion of the purchase, the insider now directly owns 10,904,341 shares of the company’s stock, valued at $548,379,308.89. The trade was a 0.02 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last three months, insiders bought 15,500 shares of company stock valued at $794,850. Insiders own 1.70% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the company. Hovde Group lowered 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. Keefe, Bruyette & Woods boosted their price target on shares of FB Financial from $50.00 to $58.00 and gave the stock a “market perform” rating in a research note on Wednesday, December 4th. Finally, StockNews.com raised shares of FB Financial from a “sell” rating to a “hold” rating in a research note on Wednesday. One research analyst has rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $50.20.

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.