FB Financial (NYSE:FBK) issued its quarterly earnings results on Monday. The financial services provider reported $0.60 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.54 by $0.06, Bloomberg Earnings reports. FB Financial had a return on equity of 11.90% and a net margin of 13.61%. The company had revenue of $86.00 million for the quarter, compared to analyst estimates of $79.79 million.
Shares of FB Financial (NYSE FBK) traded up $0.13 during mid-day trading on Tuesday, reaching $43.82. The company had a trading volume of 157,600 shares, compared to its average volume of 119,286. The company has a market cap of $1,333.73, a price-to-earnings ratio of 29.81 and a beta of 2.28. FB Financial has a twelve month low of $23.71 and a twelve month high of $45.43. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.95 and a quick ratio of 0.83.
Several brokerages have recently issued reports on FBK. Zacks Investment Research upgraded FB Financial from a “hold” rating to a “buy” rating and set a $47.00 price target on the stock in a research note on Wednesday, January 3rd. ValuEngine lowered FB Financial from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. Keefe, Bruyette & Woods restated a “hold” rating and set a $42.00 price objective on shares of FB Financial in a research report on Thursday, October 26th. UBS Group boosted their price objective on FB Financial from $41.00 to $45.00 and gave the stock a “buy” rating in a research report on Wednesday, October 25th. Finally, Raymond James Financial began coverage on FB Financial in a research report on Tuesday, October 10th. They set an “outperform” rating and a $41.00 price objective on the stock. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. FB Financial presently has an average rating of “Buy” and a consensus price target of $42.33.
FB Financial 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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