$0.67 EPS Expected for FB Financial Corp (FBK) This Quarter
Wall Street brokerages expect FB Financial Corp (NYSE:FBK) to post $0.67 earnings per share for the current fiscal quarter, according to Zacks. Two analysts have issued estimates for FB Financial’s earnings, with the lowest EPS estimate coming in at $0.66 and the highest estimate coming in at $0.68. FB Financial posted earnings per share of $0.60 in the same quarter last year, which would suggest a positive year-over-year growth rate of 11.7%. The firm is expected to issue its next quarterly earnings report on Monday, January 28th.
According to Zacks, analysts expect that FB Financial will report full-year earnings of $2.78 per share for the current year, with EPS estimates ranging from $2.73 to $2.85. For the next year, analysts expect that the firm will post earnings of $3.03 per share, with EPS estimates ranging from $2.98 to $3.08. Zacks’ EPS averages are a mean average based on a survey of research analysts that cover FB Financial.
FB Financial (NYSE:FBK) last announced its earnings results on Tuesday, October 23rd. The financial services provider reported $0.68 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.72 by ($0.04). FB Financial had a return on equity of 13.61% and a net margin of 23.18%. The business had revenue of $87.11 million for the quarter, compared to analysts’ expectations of $84.58 million.
Shares of FBK stock opened at $37.77 on Wednesday. FB Financial has a 1-year low of $33.12 and a 1-year high of $45.43. The company has a current ratio of 0.93, a quick ratio of 0.84 and a debt-to-equity ratio of 0.22. The firm has a market cap of $1.15 billion, a P/E ratio of 14.06 and a beta of 1.28.
The company also recently declared a quarterly dividend, which will be paid on Thursday, November 15th. Shareholders of record on Thursday, November 1st will be given a dividend of $0.08 per share. The ex-dividend date is Wednesday, October 31st. This represents a $0.32 dividend on an annualized basis and a yield of 0.85%. This is a boost from FB Financial’s previous quarterly dividend of $0.06. FB Financial’s payout ratio is currently 14.95%.
A number of institutional investors and hedge funds have recently modified their holdings of the business. American International Group Inc. lifted its position in FB Financial by 26.9% during the 3rd quarter. American International Group Inc. now owns 10,854 shares of the financial services provider’s stock worth $425,000 after acquiring an additional 2,300 shares during the period. BlackRock Inc. lifted its position in FB Financial by 24.9% during the 3rd quarter. BlackRock Inc. now owns 1,105,382 shares of the financial services provider’s stock worth $43,310,000 after acquiring an additional 220,604 shares during the period. Bank of New York Mellon Corp lifted its position in FB Financial by 8.4% during the 3rd quarter. Bank of New York Mellon Corp now owns 76,997 shares of the financial services provider’s stock worth $3,016,000 after acquiring an additional 5,951 shares during the period. Janus Henderson Group PLC lifted its position in FB Financial by 625.8% during the 3rd quarter. Janus Henderson Group PLC now owns 519,061 shares of the financial services provider’s stock worth $20,337,000 after acquiring an additional 447,541 shares during the period. Finally, Rhumbline Advisers lifted its position in FB Financial by 10.5% during the 3rd quarter. Rhumbline Advisers now owns 14,249 shares of the financial services provider’s stock worth $558,000 after acquiring an additional 1,353 shares during the period. 52.27% of the stock is owned by institutional investors.
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.
Further Reading: What is a conference call?
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for FB Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for FB Financial and related companies with MarketBeat.com's FREE daily email newsletter.