Wall Street brokerages expect that FB Financial Corp (NYSE:FBK) will report $81.29 million in sales for the current quarter, Zacks Investment Research reports. Two analysts have provided estimates for FB Financial’s earnings. The lowest sales estimate is $80.87 million and the highest is $81.70 million. FB Financial posted sales of $61.34 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 32.5%. The business is expected to announce its next earnings report on Monday, April 23rd.
On average, analysts expect that FB Financial will report full year sales of $81.29 million for the current year, with estimates ranging from $345.50 million to $347.07 million. For the next financial year, analysts expect that the business will report sales of $362.27 million per share, with estimates ranging from $359.10 million to $365.44 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for FB Financial.
FB Financial (NYSE:FBK) last announced its quarterly earnings data on Monday, January 22nd. The financial services provider reported $0.60 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.54 by $0.06. The business had revenue of $86.00 million for the quarter, compared to the consensus estimate of $79.79 million. FB Financial had a net margin of 16.84% and a return on equity of 12.72%.
Shares of FB Financial (NYSE FBK) opened at $43.19 on Wednesday. The stock has a market cap of $1,320.00 and a price-to-earnings ratio of 23.60. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.95 and a quick ratio of 0.83. FB Financial has a 52 week low of $23.71 and a 52 week high of $45.43.
Hedge funds have recently modified their holdings of the stock. Legal & General Group Plc lifted its position in FB Financial by 70.9% in the third quarter. Legal & General Group Plc now owns 3,195 shares of the financial services provider’s stock worth $121,000 after purchasing an additional 1,326 shares during the period. Delta Asset Management LLC TN lifted its position in FB Financial by 1,000.0% in the fourth quarter. Delta Asset Management LLC TN now owns 3,300 shares of the financial services provider’s stock worth $139,000 after purchasing an additional 3,000 shares during the period. Nationwide Fund Advisors lifted its position in FB Financial by 78.1% in the second quarter. Nationwide Fund Advisors now owns 3,950 shares of the financial services provider’s stock worth $143,000 after purchasing an additional 1,732 shares during the period. Raymond James Financial Services Advisors Inc. bought a new position in FB Financial in the third quarter worth $202,000. Finally, Rhumbline Advisers bought a new position in FB Financial in the second quarter worth $254,000. 35.34% of the stock is owned by hedge funds and other institutional investors.
About FB Financial
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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