FB Financial Co. Plans Dividend of $0.13 (NYSE:FBK)

FB Financial Co. (NYSE:FBK – Get Rating) declared a dividend on Saturday, April 30th, Fidelity reports. Shareholders of record on Monday, May 9th will be given a dividend of 0.13 per share by the financial services provider on Monday, May 23rd. The ex-dividend date of this dividend is Friday, May 6th.

FB Financial has increased its dividend by an average of 30.1% annually over the last three years and has raised its dividend every year for the last 3 years. FB Financial has a payout ratio of 13.5% meaning its dividend is sufficiently covered by earnings. Analysts expect FB Financial to earn $3.94 per share next year, which means the company should continue to be able to cover its $0.52 annual dividend with an expected future payout ratio of 13.2%.

NYSE FBK opened at $38.53 on Friday. The stock has a 50-day simple moving average of $43.17 and a two-hundred day simple moving average of $44.22. The firm has a market capitalization of $1.83 billion, a P/E ratio of 10.70 and a beta of 1.05. FB Financial has a fifty-two week low of $34.99 and a fifty-two week high of $48.03.

FB Financial (NYSE:FBK – Get Rating) last announced its quarterly earnings results on Monday, April 18th. The financial services provider reported $0.74 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.72 by $0.02. FB Financial had a return on equity of 11.66% and a net margin of 29.35%. The firm had revenue of $129.57 million during the quarter, compared to analyst estimates of $132.56 million. During the same quarter in the previous year, the business earned $1.10 EPS. Sell-side analysts expect that FB Financial will post 3.24 earnings per share for the current year.

Several equities analysts recently weighed in on the company. Zacks Investment Research lowered FB Financial from a “buy” rating to a “hold” rating in a research note on Friday, April 22nd. Stephens lifted their price target on FB Financial from $51.00 to $52.00 and gave the company an “overweight” rating in a research note on Wednesday, January 19th. Finally, StockNews.com assumed coverage on FB Financial in a research note on Thursday, March 31st. They issued a “hold” rating for the company. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of $49.20.

A number of hedge funds have recently bought and sold shares of the stock. BlackRock Inc. boosted its holdings in FB Financial by 2.5% in the 4th quarter. BlackRock Inc. now owns 5,496,895 shares of the financial services provider’s stock worth $240,875,000 after buying an additional 133,707 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of FB Financial by 3.5% during the 4th quarter. Geode Capital Management LLC now owns 586,529 shares of the financial services provider’s stock worth $25,701,000 after purchasing an additional 19,591 shares during the last quarter. Bank of New York Mellon Corp boosted its holdings in shares of FB Financial by 7.1% during the 3rd quarter. Bank of New York Mellon Corp now owns 399,462 shares of the financial services provider’s stock worth $17,129,000 after purchasing an additional 26,598 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of FB Financial by 2.2% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 247,224 shares of the financial services provider’s stock worth $10,834,000 after purchasing an additional 5,424 shares during the last quarter. Finally, Morgan Stanley boosted its holdings in shares of FB Financial by 67.5% during the 2nd quarter. Morgan Stanley now owns 143,767 shares of the financial services provider’s stock worth $5,365,000 after purchasing an additional 57,931 shares during the last quarter. Institutional investors own 64.99% of the company’s stock.

About FB Financial (Get Rating)

FB Financial Corporation operates as a bank 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 offers checking, demand, money market, and savings accounts; deposit and lending products and services to corporate, commercial, and consumer customers; and time deposits and certificates of deposits, as well as engages in the mortgage origination business.

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