FB Financial (NYSE:FBK) Announces Earnings Results

FB Financial (NYSE:FBK) released its earnings results on Saturday. The financial services provider reported $1.46 EPS for the quarter, beating analysts’ consensus estimates of $0.42 by $1.04, MarketWatch Earnings reports. FB Financial had a return on equity of 9.80% and a net margin of 14.48%.

Shares of FBK stock opened at $28.10 on Thursday. The stock has a 50-day moving average price of $27.17 and a 200 day moving average price of $24.86. The firm has a market cap of $902.09 million, a price-to-earnings ratio of 13.01 and a beta of 1.40. FB Financial has a 12 month low of $14.38 and a 12 month high of $40.33.

FBK has been the subject of several research reports. JPMorgan Chase & Co. downgraded FB Financial from a “neutral” rating to an “underweight” rating and cut their price target for the stock from $28.00 to $27.00 in a research note on Wednesday. Zacks Investment Research raised FB Financial from a “hold” rating to a “buy” rating and set a $28.00 price target for the company in a research note on Wednesday, September 30th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the company. FB Financial presently has a consensus rating of “Hold” and a consensus target price of $28.90.

In other news, Director Melody J. Sullivan sold 7,500 shares of the business’s stock in a transaction dated Wednesday, September 9th. The stock was sold at an average price of $27.17, for a total transaction of $203,775.00. Following the completion of the transaction, the director now directly owns 32,630 shares in the company, valued at approximately $886,557.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Melody J. Sullivan sold 4,548 shares of the business’s stock in a transaction dated Friday, September 11th. The stock was sold at an average price of $26.29, for a total value of $119,566.92. Following the transaction, the director now owns 32,630 shares of the company’s stock, valued at $857,842.70. The disclosure for this sale can be found here. 45.20% of the stock is owned by company insiders.

FB Financial Company Profile

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 for FB Financial (NYSE:FBK)

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