FB Financial (FBK) Set to Announce Earnings on Tuesday

FB Financial (NYSE:FBK) is scheduled to announce its earnings results before the market opens on Tuesday, October 15th. Analysts expect the company to announce earnings of $0.80 per share for the quarter. Investors that are interested in participating in the company’s conference call can do so using this link.

FB Financial (NYSE:FBK) last announced its earnings results on Monday, July 15th. The financial services provider reported $0.84 EPS for the quarter, topping the consensus estimate of $0.76 by $0.08. The company had revenue of $128.22 million during the quarter, compared to analysts’ expectations of $123.52 million. FB Financial had a net margin of 15.34% and a return on equity of 10.24%. On average, analysts expect FB Financial to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

FB Financial Stock Performance

FBK stock opened at $47.53 on Monday. The stock has a market cap of $2.23 billion, a P/E ratio of 19.97 and a beta of 1.13. The firm has a 50 day simple moving average of $45.82 and a 200 day simple moving average of $41.24. FB Financial has a 52 week low of $27.61 and a 52 week high of $49.97.

FB Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, August 20th. Investors of record on Tuesday, August 6th were given a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a yield of 1.43%. The ex-dividend date was Tuesday, August 6th. FB Financial’s payout ratio is presently 28.57%.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on FBK. Stephens reaffirmed an “overweight” rating and set a $45.00 target price on shares of FB Financial in a research report on Tuesday, July 16th. Keefe, Bruyette & Woods lifted their price target on FB Financial from $40.00 to $45.00 and gave the company a “market perform” rating in a report on Wednesday, July 17th. JPMorgan Chase & Co. dropped their price objective on FB Financial from $43.00 to $42.00 and set an “underweight” rating for the company in a report on Thursday, June 27th. Finally, Piper Sandler cut FB Financial from an “overweight” rating to a “neutral” rating and upped their price target for the company from $41.00 to $46.00 in a research note on Wednesday, July 17th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $42.33.

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.