$ 0.81 EPS expected for FB Financial Co. (NYSE: FBK) this quarter


Wall Street brokers expect FB Financial Co. (NYSE: FBK) to report earnings per share of $ 0.81 for the current fiscal quarter, according to Zack. Four analysts released estimates for FB Financial’s earnings, with the lowest EPS estimate at $ 0.73 and the highest estimate at $ 0.91. FB Financial posted earnings per share of $ 1.46 in the same quarter last year, suggesting a negative year-over-year growth rate of 44.5%. The company is expected to release its next quarterly earnings report after the market closes on Monday, October 18.

According to Zacks, analysts expect FB Financial to report annual earnings of $ 3.57 per share for the current year, with EPS estimates ranging from $ 3.47 to $ 3.74. For next year, analysts expect the company to report earnings of $ 3.02 per share, with EPS estimates ranging from $ 2.75 to $ 3.26. Zacks’ earnings per share calculations are an average based on a survey of research analysts who follow FB Financial.

FB Financial (NYSE: FBK) last reported its results on Sunday, July 18. The financial services provider reported earnings per share (EPS) of $ 0.90 for the quarter, beating Thomson Reuters’ consensus estimate of $ 0.75 of $ 0.15. The company posted revenue of $ 135.86 million in the quarter, compared to analysts’ estimates of $ 136.88 million. FB Financial recorded a return on equity of 15.97% and a net margin of 20.50%.

Several research analysts recently published reports on FBK stocks. Zacks investment research downgraded FB Financial from a “buy” rating to a “hold” rating in a research report on Monday, September 27. Truist lowered its price target on FB Financial from $ 53.00 to $ 46.00 and established a “buy” rating for the company in a research report published on Wednesday, July 21. TheStreet downgraded FB Financial from a “c +” rating to a “b-” rating in a research report released on Monday, August 30. DA Davidson downgraded FB Financial from a “neutral” to a “buy” rating and lowered its price target for the stock from $ 47.50 to $ 44.00 in a research report released on Thursday July 8. Finally, Keefe, Bruyette & Woods upgraded FB Financial from a “market performance” rating to an “outperformance” rating and set a price target of $ 48.00 for the company in a published research report. Wednesday July 21. One equity research analyst rated the stock with a sell rating, another assigned a conservation rating, and five assigned a buy rating to the stock. According to MarketBeat.com, FB Financial currently has a consensus rating of “Buy” and a consensus target price of $ 40.50.

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NYSE: FBK traded down $ 0.01 during Friday trading hours, reaching $ 44.40. 71,435 shares of the company were traded, for an average volume of 159,484. The stock has a market cap of $ 2.10 billion, a price-to-earnings ratio of 15.80 and a beta of 1.16. FB Financial has a one-year low of $ 26.30 and a one-year high of $ 49.62. The company has a fifty-day simple moving average of $ 41.29 and a 200-day simple moving average of $ 40.93.

The company also recently announced a quarterly dividend, which was paid on Monday, August 23. Investors registered on Monday August 9 received a dividend of $ 0.11. This represents a dividend of $ 0.44 on an annualized basis and a return of 0.99%. The ex-dividend date was Friday August 6. FB Financial’s payout ratio is 11.80%.

A number of institutional investors have recently changed their holdings in FBK. Mutual of America Capital Management LLC increased its stake in FB Financial by 6.7% during the 1st quarter. Mutual of America Capital Management LLC now owns 4,162 shares of the financial services provider valued at $ 185,000 after purchasing an additional 262 shares in the last quarter. Trustcore Financial Services LLC increased its stake in FB Financial by 1.8% during the 2nd quarter. Trustcore Financial Services LLC now owns 16,125 shares of the financial services provider valued at $ 602,000 after purchasing an additional 288 shares in the last quarter. Bank of Montreal Can increased its stake in FB Financial by 0.3% during the 1st quarter. Bank of Montreal Can now owns 155,150 shares of the financial services provider valued at $ 6,701,000 after purchasing an additional 419 shares in the last quarter. Advisor Group Holdings Inc. increased its stake in FB Financial by 30.1% during the second quarter. Advisor Group Holdings Inc. now owns 2,111 shares of the financial services provider valued at $ 79,000 after purchasing an additional 489 shares in the last quarter. Finally, Stifel Financial Corp increased its stake in FB Financial by 1.2% during the second quarter. Stifel Financial Corp now owns 48,581 shares of the financial services provider valued at $ 1,813,000 after purchasing an additional 586 shares in the last quarter. 63.88% of the shares are held by institutional investors and hedge funds.

FB Financial Company Profile

FB Financial Corp. is a banking holding company that provides commercial and consumer banking services to clients in select markets, primarily Tennessee, North Alabama and North Georgia through its subsidiary. It operates through the Banking and Mortgage segments. The banking sectors process interest on loans and investments, loan-related charges, arrangements in the bank footprint, investment services and deposit-related charges.

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FB Financial Earnings History and Estimates (NYSE: FBK)

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