FB Financial Co. (NYSE:FBK) Declares Dividend Increase – $0.19 Per Share

FB Financial Co. (NYSE:FBK) declared a quarterly dividend on Wednesday, January 29th,RTT News reports. Shareholders of record on Tuesday, February 11th will be given a dividend of 0.19 per share by the financial services provider on Tuesday, February 25th. This represents a $0.76 dividend on an annualized basis and a yield of 1.44%. This is a boost from FB Financial’s previous quarterly dividend of $0.17.

FB Financial has raised its dividend payment by an average of 15.6% annually over the last three years. FB Financial has a dividend payout ratio of 16.8% meaning its dividend is sufficiently covered by earnings. Research analysts expect FB Financial to earn $4.08 per share next year, which means the company should continue to be able to cover its $0.68 annual dividend with an expected future payout ratio of 16.7%.

FB Financial Stock Performance

NYSE:FBK opened at $52.88 on Thursday. The stock has a market cap of $2.47 billion, a price-to-earnings ratio of 21.41 and a beta of 1.16. FB Financial has a one year low of $33.35 and a one year high of $58.88. The business’s 50-day simple moving average is $53.42 and its 200 day simple moving average is $49.60.

FB Financial (NYSE:FBK) last announced its earnings results on Tuesday, January 21st. The financial services provider reported $0.85 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.84 by $0.01. FB Financial had a return on equity of 10.43% and a net margin of 15.18%. On average, equities research analysts predict that FB Financial will post 3.59 EPS for the current year.

Insider Buying and Selling

In other news, major shareholder James W. Ayers acquired 1,000 shares of the company’s stock in a transaction that occurred on Monday, November 11th. The shares were acquired at an average price of $57.15 per share, with a total value of $57,150.00. Following the acquisition, the insider now directly owns 10,909,841 shares in the company, valued at approximately $623,497,413.15. The trade was a 0.01 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director James W. Iv Cross sold 5,000 shares of the business’s stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $58.22, for a total transaction of $291,100.00. Following the transaction, the director now directly owns 54,078 shares of the company’s stock, valued at $3,148,421.16. The trade was a 8.46 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have acquired a total of 11,000 shares of company stock worth $572,510 over the last quarter. 1.70% of the stock is owned by company insiders.

Analyst Ratings Changes

FBK has been the subject of several recent analyst reports. Hovde Group lowered shares of FB Financial from an “outperform” rating to a “market perform” rating and set a $60.00 price objective for the company. in a report on Monday, November 18th. Keefe, Bruyette & Woods lifted their price target on FB Financial from $50.00 to $58.00 and gave the stock a “market perform” rating in a research note on Wednesday, December 4th. Finally, StockNews.com upgraded FB Financial from a “sell” rating to a “hold” rating in a research note on Wednesday, January 22nd. One research analyst has rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $50.20.

About FB Financial

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 segments, such as 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 residential mortgage loans.