FB Financial Corp (FBK) Expected to Announce Quarterly Sales of $87.62 Million

Equities research analysts expect FB Financial Corp (NYSE:FBK) to report $87.62 million in sales for the current fiscal quarter, according to Zacks. Three analysts have made estimates for FB Financial’s earnings, with the lowest sales estimate coming in at $82.30 million and the highest estimate coming in at $92.30 million. FB Financial posted sales of $87.23 million during the same quarter last year, which suggests a positive year over year growth rate of 0.4%. The business is expected to report its next earnings report on Monday, July 22nd.

On average, analysts expect that FB Financial will report full-year sales of $347.79 million for the current fiscal year, with estimates ranging from $334.20 million to $363.00 million. For the next year, analysts forecast that the firm will report sales of $367.60 million, with estimates ranging from $344.90 million to $392.40 million. Zacks’ sales calculations are a mean average based on a survey of research analysts that cover FB Financial.

FB Financial (NYSE:FBK) last issued its quarterly earnings results on Monday, April 22nd. The financial services provider reported $0.66 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.60 by $0.06. FB Financial had a net margin of 21.24% and a return on equity of 12.44%. The company had revenue of $82.06 million during the quarter, compared to analyst estimates of $80.29 million.



Several equities research analysts have recently issued reports on the stock. Zacks Investment Research lowered shares of FB Financial from a “buy” rating to a “hold” rating in a research note on Monday, January 21st. ValuEngine lowered shares of FB Financial from a “hold” rating to a “sell” rating in a research note on Friday, January 25th. Finally, Stephens restated a “hold” rating and set a $40.00 price target on shares of FB Financial in a research note on Wednesday, January 23rd. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $41.25.

Shares of FBK stock traded down $0.80 during trading hours on Friday, hitting $35.03. 797 shares of the company were exchanged, compared to its average volume of 57,676. The company has a quick ratio of 0.85, a current ratio of 0.92 and a debt-to-equity ratio of 0.05. FB Financial has a 52-week low of $30.33 and a 52-week high of $44.69. The firm has a market cap of $1.08 billion, a P/E ratio of 13.52 and a beta of 0.97.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 16th. Investors of record on Wednesday, May 1st will be paid a $0.08 dividend. The ex-dividend date is Tuesday, April 30th. This represents a $0.32 dividend on an annualized basis and a yield of 0.91%. FB Financial’s dividend payout ratio is 12.26%.

In other FB Financial news, Director Raja J. Jubran acquired 2,933 shares of FB Financial stock in a transaction that occurred on Wednesday, March 13th. The stock was acquired at an average cost of $34.09 per share, for a total transaction of $99,985.97. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. 45.10% of the stock is currently owned by insiders.

Institutional investors have recently added to or reduced their stakes in the stock. Wellington Management Group LLP purchased a new position in shares of FB Financial during the 1st quarter valued at $548,000. Geode Capital Management LLC grew its position in shares of FB Financial by 16.5% during the 1st quarter. Geode Capital Management LLC now owns 204,558 shares of the financial services provider’s stock valued at $6,496,000 after purchasing an additional 29,044 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in shares of FB Financial by 6.3% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 95,830 shares of the financial services provider’s stock valued at $3,044,000 after purchasing an additional 5,643 shares in the last quarter. Renaissance Technologies LLC grew its position in shares of FB Financial by 12.8% during the 1st quarter. Renaissance Technologies LLC now owns 75,600 shares of the financial services provider’s stock valued at $2,401,000 after purchasing an additional 8,600 shares in the last quarter. Finally, Northern Trust Corp grew its position in shares of FB Financial by 2.7% during the 1st quarter. Northern Trust Corp now owns 203,865 shares of the financial services provider’s stock valued at $6,475,000 after purchasing an additional 5,430 shares in the last quarter. Institutional investors and hedge funds own 53.50% of the company’s stock.

About FB Financial

FB Financial Corporation operates as a bank holding company for FirstBank that provides a suite of commercial and consumer banking services 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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