FB Financial (FBK) to Release Quarterly Earnings on Monday

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FB Financial (NYSE:FBK) will be issuing its quarterly earnings data after the market closes on Monday, October 22nd. Analysts expect the company to announce earnings of $0.70 per share for the quarter.

FB Financial (NYSE:FBK) last released its earnings results on Tuesday, July 24th. The financial services provider reported $0.72 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.72. FB Financial had a net margin of 20.27% and a return on equity of 13.36%. The firm had revenue of $87.23 million during the quarter, compared to analyst estimates of $85.34 million. On average, analysts expect FB Financial to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

FBK stock opened at $34.83 on Friday. FB Financial has a 52-week low of $34.83 and a 52-week high of $45.43. The company has a market cap of $1.11 billion, a PE ratio of 16.28 and a beta of 1.34. The company has a quick ratio of 0.84, a current ratio of 0.93 and a debt-to-equity ratio of 0.22.

FBK has been the subject of several recent research reports. TheStreet lowered shares of FB Financial from a “b-” rating to a “c” rating in a report on Friday, October 12th. Stephens reiterated a “buy” rating and set a $47.00 target price on shares of FB Financial in a report on Tuesday, July 24th. Zacks Investment Research lowered shares of FB Financial from a “hold” rating to a “sell” rating in a report on Tuesday, June 26th. Finally, ValuEngine lowered shares of FB Financial from a “hold” rating to a “sell” rating in a report on Friday. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and one has given a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $45.00.

A hedge fund recently raised its stake in FB Financial stock. Bank of New York Mellon Corp grew its holdings in shares of FB Financial Corp (NYSE:FBK) by 11.0% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 71,046 shares of the financial services provider’s stock after purchasing an additional 7,022 shares during the period. Bank of New York Mellon Corp owned approximately 0.23% of FB Financial worth $2,893,000 as of its most recent SEC filing. Institutional investors own 52.28% of the company’s stock.

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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Earnings History for FB Financial (NYSE:FBK)

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