FB Financial (FBK) to Release Quarterly Earnings on Tuesday

FB Financial (NYSE:FBK) will likely be releasing its earnings data before the market opens on Tuesday, January 21st. Analysts expect FB Financial to post earnings of $0.84 per share and revenue of $131,139.80 billion for the quarter. Persons that wish to listen to the company’s earnings conference call can do so using this link.

FB Financial Trading Up 0.3 %

Shares of FBK stock opened at $52.41 on Monday. The firm’s 50 day moving average is $53.88 and its 200 day moving average is $48.94. The stock has a market capitalization of $2.45 billion, a P/E ratio of 22.89 and a beta of 1.16. FB Financial has a 12 month low of $33.35 and a 12 month high of $58.88.

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 dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 1.30%. The ex-dividend date of this dividend was Tuesday, November 5th. FB Financial’s dividend payout ratio (DPR) is presently 29.69%.

Analysts Set New Price Targets

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

Insider Buying and Selling at FB Financial

In other FB Financial news, Director James W. Iv Cross sold 5,000 shares of the firm’s 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 completion of the sale, the director now directly owns 54,078 shares of the company’s stock, valued at $3,148,421.16. This trade represents a 8.46 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder James W. Ayers bought 2,000 shares of the company’s stock in a transaction on Friday, October 25th. The stock was purchased at an average cost of $48.13 per share, with a total value of $96,260.00. Following the completion of the transaction, the insider now owns 10,902,341 shares in the company, valued at $524,729,672.33. This represents a 0.02 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have bought 17,500 shares of company stock worth $891,710 over the last quarter. Insiders own 1.70% of the company’s stock.

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.