FB Financial Corp (FBK) Expected to Announce Earnings of $0.59 Per Share

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Wall Street analysts expect that FB Financial Corp (NYSE:FBK) will announce earnings per share (EPS) of $0.59 for the current fiscal quarter, Zacks reports. Three analysts have provided estimates for FB Financial’s earnings. The lowest EPS estimate is $0.58 and the highest is $0.59. FB Financial reported earnings per share of $0.66 during the same quarter last year, which suggests a negative year-over-year growth rate of 10.6%. The business is expected to report its next quarterly earnings results on Monday, April 22nd.

According to Zacks, analysts expect that FB Financial will report full-year earnings of $2.84 per share for the current year, with EPS estimates ranging from $2.72 to $3.08. For the next fiscal year, analysts forecast that the company will report earnings of $3.11 per share, with EPS estimates ranging from $3.07 to $3.16. Zacks Investment Research’s EPS averages are an average based on a survey of research firms that cover FB Financial.

FB Financial (NYSE:FBK) last released its quarterly earnings data on Wednesday, January 23rd. The financial services provider reported $0.55 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.63 by ($0.08). FB Financial had a net margin of 21.68% and a return on equity of 12.81%. The business had revenue of $73.62 million for the quarter, compared to the consensus estimate of $86.41 million.

Several equities analysts have recently weighed in on FBK shares. Stephens reiterated a “hold” rating and set a $40.00 price objective on shares of FB Financial in a report on Wednesday, January 23rd. SunTrust Banks started coverage on FB Financial in a report on Tuesday, December 11th. They set a “buy” rating and a $43.00 price objective on the stock. ValuEngine upgraded FB Financial from a “sell” rating to a “hold” rating in a report on Monday, November 26th. Finally, Zacks Investment Research cut FB Financial from a “buy” rating to a “hold” rating in a research note on Monday, January 21st. Two research analysts have rated the stock with a sell rating, one has given a hold rating and two have given a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $41.25.

Shares of NYSE:FBK traded up $0.36 during trading on Monday, hitting $30.97. 238 shares of the company’s stock traded hands, compared to its average volume of 51,133. FB Financial has a 52 week low of $30.50 and a 52 week high of $44.69. The stock has a market capitalization of $943.79 million, a PE ratio of 11.87 and a beta of 0.91.

In other news, Director Raja J. Jubran bought 2,933 shares of the business’s stock in a transaction on Wednesday, March 13th. The shares were purchased at an average price of $34.09 per share, for a total transaction of $99,985.97. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 57.29% of the company’s stock.

Several large investors have recently bought and sold shares of the business. Legal & General Group Plc increased its position in shares of FB Financial by 25.3% during the 3rd quarter. Legal & General Group Plc now owns 2,747 shares of the financial services provider’s stock worth $107,000 after purchasing an additional 555 shares during the last quarter. Victory Capital Management Inc. increased its position in shares of FB Financial by 4.1% during the 4th quarter. Victory Capital Management Inc. now owns 15,843 shares of the financial services provider’s stock worth $555,000 after purchasing an additional 618 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of FB Financial by 158.1% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,133 shares of the financial services provider’s stock worth $40,000 after purchasing an additional 694 shares during the last quarter. Principal Financial Group Inc. increased its position in shares of FB Financial by 11.8% during the 4th quarter. Principal Financial Group Inc. now owns 10,822 shares of the financial services provider’s stock worth $379,000 after purchasing an additional 1,145 shares during the last quarter. Finally, Rhumbline Advisers increased its position in shares of 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 purchasing an additional 1,353 shares during the last quarter. 53.17% of the stock is currently owned by hedge funds and other 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.

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Earnings History and Estimates for FB Financial (NYSE:FBK)

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