Wall Street brokerages expect FB Financial Corp (NYSE:FBK) to post earnings per share (EPS) of $0.70 for the current fiscal quarter, according to Zacks. Two analysts have made estimates for FB Financial’s earnings. FB Financial posted earnings per share of $0.60 during the same quarter last year, which would indicate a positive year-over-year growth rate of 16.7%. The company is scheduled to announce its next quarterly earnings results after the market closes on Monday, October 22nd.

According to Zacks, analysts expect that FB Financial will report full-year earnings of $2.79 per share for the current financial year, with EPS estimates ranging from $2.75 to $2.85. For the next financial year, analysts expect that the company will post earnings of $3.07 per share, with EPS estimates ranging from $3.01 to $3.12. Zacks’ EPS calculations are a mean average based on a survey of analysts that follow FB Financial.

FB Financial (NYSE:FBK) last announced its earnings results on Tuesday, July 24th. The financial services provider reported $0.72 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.72. FB Financial had a net margin of 20.27% and a return on equity of 13.36%. The business had revenue of $87.23 million during the quarter, compared to the consensus estimate of $85.34 million.

FBK has been the subject of a number of analyst reports. TheStreet downgraded shares of FB Financial from a “b-” rating to a “c” rating in a research note on Friday, October 12th. Stephens reissued a “buy” rating and set a $47.00 target price on shares of FB Financial in a research note on Tuesday, July 24th. Finally, Zacks Investment Research downgraded shares of FB Financial from a “hold” rating to a “sell” rating in a research note on Tuesday, June 26th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $45.00.

A number of institutional investors and hedge funds have recently bought and sold shares of FBK. OMERS ADMINISTRATION Corp bought a new stake in FB Financial in the second quarter valued at $204,000. Citigroup Inc. increased its stake in FB Financial by 70.8% in the first quarter. Citigroup Inc. now owns 5,588 shares of the financial services provider’s stock valued at $227,000 after purchasing an additional 2,317 shares in the last quarter. Stephens Inc. AR bought a new stake in FB Financial in the second quarter valued at $230,000. JPMorgan Chase & Co. increased its stake in FB Financial by 62.4% in the first quarter. JPMorgan Chase & Co. now owns 5,856 shares of the financial services provider’s stock valued at $238,000 after purchasing an additional 2,249 shares in the last quarter. Finally, UBS Group AG increased its stake in FB Financial by 41.3% in the first quarter. UBS Group AG now owns 6,245 shares of the financial services provider’s stock valued at $254,000 after purchasing an additional 1,824 shares in the last quarter. 52.28% of the stock is owned by hedge funds and other institutional investors.

NYSE FBK traded up $0.33 during mid-day trading on Friday, reaching $36.45. 425 shares of the stock were exchanged, compared to its average volume of 101,393. FB Financial has a one year low of $34.95 and a one year high of $45.43. The company has a market capitalization of $1.20 billion, a PE ratio of 16.71 and a beta of 1.36. The company has a quick ratio of 0.84, a current ratio of 0.93 and a debt-to-equity ratio of 0.22.

FB Financial Company Profile

FB Financial Corporation operates as a holding company for FirstBank that provides a suite of commercial and consumer banking services to businesses, professionals, and individuals. The company operates in two segments, Banking and Mortgage. It provides demand, negotiable order of withdrawal, money market, certificates of deposit, and municipal and savings accounts, as well as time deposits.

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