FB Financial Corporation (FBK) Releases Earnings Results
FB Financial Corporation (NYSE:FBK) issued its quarterly earnings data on Monday. The financial services provider reported $0.60 EPS for the quarter, topping the Zacks’ consensus estimate of $0.47 by $0.13, Bloomberg Earnings reports. FB Financial Corporation had a return on equity of 11.57% and a net margin of 11.57%.
Shares of FB Financial Corporation (FBK) traded down 0.42% during mid-day trading on Monday, hitting $38.19. The stock had a trading volume of 35,101 shares. The company has a market cap of $1.16 billion and a PE ratio of 30.00. The firm’s 50 day moving average price is $37.13 and its 200-day moving average price is $37.13. FB Financial Corporation has a one year low of $20.25 and a one year high of $39.07.
FBK has been the topic of a number of recent research reports. Stephens restated a “buy” rating and set a $40.00 price objective on shares of FB Financial Corporation in a research note on Monday, July 31st. UBS AG restated a “buy” rating and set a $41.00 price objective (down previously from $44.00) on shares of FB Financial Corporation in a research note on Wednesday, July 26th. Zacks Investment Research upgraded FB Financial Corporation from a “hold” rating to a “buy” rating and set a $41.00 price objective on the stock in a research note on Friday, July 7th. ValuEngine upgraded FB Financial Corporation from a “hold” rating to a “buy” rating in a research note on Monday, September 18th. Finally, Sandler O’Neill upgraded FB Financial Corporation from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $37.00 to $39.00 in a research note on Tuesday, August 15th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and five have issued a buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $39.67.
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FB Financial Corporation Company Profile
FB Financial Corporation is the holding company for FirstBank (the Bank). The Company and the Bank are engaged in the business of banking and provide a full range of financial services. The Bank provides a suite of commercial and consumer banking services to clients in select markets in Tennessee, North Alabama and North Georgia.
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