FB Financial Corporation (FBK) to Issue Quarterly Dividend of $0.21 on May 26th

FB Financial Corporation (NYSE:FBK) declared a quarterly dividend on Wednesday, April 22nd. Stockholders of record on Tuesday, May 12th will be given a dividend of 0.21 per share by the financial services provider on Tuesday, May 26th. This represents a c) dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date is Tuesday, May 12th.

FB Financial has increased its dividend by an average of 0.2%per year over the last three years and has raised its dividend every year for the last 8 years. FB Financial has a dividend payout ratio of 19.2% indicating that its dividend is sufficiently covered by earnings. Research analysts expect FB Financial to earn $5.11 per share next year, which means the company should continue to be able to cover its $0.84 annual dividend with an expected future payout ratio of 16.4%.

FB Financial Price Performance

FBK stock opened at $54.14 on Friday. The company has a market cap of $2.79 billion, a P/E ratio of 20.35 and a beta of 0.97. FB Financial has a 1 year low of $42.29 and a 1 year high of $62.37. The stock’s fifty day moving average price is $53.37 and its 200-day moving average price is $55.72.

FB Financial (NYSE:FBK) last released its quarterly earnings results on Monday, April 13th. The financial services provider reported $1.12 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.13 by ($0.01). The firm had revenue of $172.71 million during the quarter, compared to analysts’ expectations of $175.45 million. FB Financial had a return on equity of 11.64% and a net margin of 14.26%.The business’s quarterly revenue was up 31.8% on a year-over-year basis. During the same quarter last year, the business earned $0.85 earnings per share. As a group, analysts expect that FB Financial will post 4.71 earnings per share for the current year.

Institutional Investors Weigh In On FB Financial

Several large investors have recently made changes to their positions in FBK. UMB Bank n.a. increased its holdings in shares of FB Financial by 155.9% in the third quarter. UMB Bank n.a. now owns 481 shares of the financial services provider’s stock worth $27,000 after purchasing an additional 293 shares during the last quarter. CIBC Private Wealth Group LLC bought a new stake in shares of FB Financial in the fourth quarter worth about $27,000. Assetmark Inc. bought a new stake in shares of FB Financial in the fourth quarter worth about $30,000. Global Retirement Partners LLC bought a new stake in shares of FB Financial in the fourth quarter worth about $37,000. Finally, EverSource Wealth Advisors LLC increased its holdings in shares of FB Financial by 1,152.2% in the second quarter. EverSource Wealth Advisors LLC now owns 864 shares of the financial services provider’s stock worth $39,000 after purchasing an additional 795 shares during the last quarter. 65.40% of the stock is owned by institutional investors.

About FB Financial

FB Financial Corporation, through its banking subsidiary FirstBank, is a Tennessee-based bank holding company that provides a broad range of financial services to individuals, small and medium-sized businesses, and commercial clients. Established to serve the banking needs of communities across the southeastern United States, the company’s core offerings include consumer and commercial deposit products, commercial lending, and mortgage services.

In addition to traditional checking and savings accounts, FB Financial’s service portfolio encompasses treasury and cash management, equipment financing, and letters of credit to support the working capital and expansion needs of business customers.