$0.63 Earnings Per Share Expected for FB Financial Co. (FBK) This Quarter

Wall Street analysts forecast that FB Financial Co. (NYSE:FBK) will report earnings of $0.63 per share for the current quarter, Zacks Investment Research reports. Two analysts have made estimates for FB Financial’s earnings, with the highest EPS estimate coming in at $0.63 and the lowest estimate coming in at $0.62. FB Financial posted earnings per share of $0.42 during the same quarter last year, which indicates a positive year over year growth rate of 50%. The business is expected to issue its next quarterly earnings report on Monday, April 23rd.

According to Zacks, analysts expect that FB Financial will report full year earnings of $2.98 per share for the current year, with EPS estimates ranging from $2.89 to $3.12. For the next financial year, analysts anticipate that the business will post earnings of $3.26 per share, with EPS estimates ranging from $3.19 to $3.36. Zacks’ earnings per share averages are an average based on a survey of research firms that follow FB Financial.

FB Financial (NYSE:FBK) last released its quarterly earnings results on Monday, January 22nd. The financial services provider reported $0.60 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.54 by $0.06. The company had revenue of $86.00 million during the quarter, compared to the consensus estimate of $79.79 million. FB Financial had a return on equity of 11.95% and a net margin of 16.84%.



FBK has been the subject of several recent analyst reports. ValuEngine upgraded FB Financial from a “hold” rating to a “buy” rating in a research note on Monday, February 5th. Zacks Investment Research upgraded FB Financial from a “hold” rating to a “buy” rating and set a $47.00 price target for the company in a research note on Wednesday, January 3rd. Finally, UBS initiated coverage on FB Financial in a research note on Thursday, March 22nd. They set a “neutral” rating and a $44.00 price target for the company. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $42.17.

A number of large investors have recently made changes to their positions in FBK. State Street Corp boosted its stake in FB Financial by 28.3% during the 2nd quarter. State Street Corp now owns 119,028 shares of the financial services provider’s stock valued at $4,306,000 after purchasing an additional 26,236 shares during the period. Nationwide Fund Advisors boosted its stake in FB Financial by 60.5% during the 3rd quarter. Nationwide Fund Advisors now owns 6,339 shares of the financial services provider’s stock valued at $239,000 after purchasing an additional 2,389 shares during the period. Raymond James Financial Services Advisors Inc. bought a new stake in FB Financial during the 3rd quarter valued at approximately $202,000. Prudential Financial Inc. boosted its stake in FB Financial by 64.9% during the 3rd quarter. Prudential Financial Inc. now owns 24,420 shares of the financial services provider’s stock valued at $921,000 after purchasing an additional 9,610 shares during the period. Finally, Rhumbline Advisers boosted its stake in FB Financial by 33.0% during the 3rd quarter. Rhumbline Advisers now owns 9,343 shares of the financial services provider’s stock valued at $352,000 after purchasing an additional 2,320 shares during the period. Hedge funds and other institutional investors own 36.15% of the company’s stock.

Shares of FBK traded up $0.49 during trading hours on Friday, hitting $41.15. 15,045 shares of the company were exchanged, compared to its average volume of 104,127. The company has a market cap of $1,250.73, a PE ratio of 19.41 and a beta of 1.30. FB Financial has a 52 week low of $32.76 and a 52 week high of $45.43. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.82 and a current ratio of 0.95.

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About FB Financial

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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