FB Financial Corporation (NYSE:FBK) Declares $0.21 Quarterly Dividend

FB Financial Corporation (NYSE:FBK) announced a quarterly dividend on Wednesday, April 22nd. Shareholders of record on Tuesday, May 12th will be paid a dividend of 0.21 per share by the financial services provider on Tuesday, May 26th. This represents a c) annualized dividend and a yield of 1.6%. The ex-dividend date of this dividend is Tuesday, May 12th.

FB Financial has raised its dividend payment by an average of 0.2%annually over the last three years and has increased its dividend every year for the last 8 years. FB Financial has a payout ratio of 19.2% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect FB Financial to earn $5.11 per share next year, which means the company should continue to be able to cover its $0.84 annual dividend with an expected future payout ratio of 16.4%.

FB Financial Stock Performance

Shares of NYSE FBK opened at $53.32 on Thursday. The company has a market cap of $2.76 billion, a PE ratio of 20.05 and a beta of 0.98. The business has a 50-day simple moving average of $54.13 and a two-hundred day simple moving average of $55.89. FB Financial has a fifty-two week low of $41.66 and a fifty-two week high of $62.37.

FB Financial (NYSE:FBK) last released its earnings results on Monday, April 13th. The financial services provider reported $1.12 earnings per share for the quarter, missing the consensus estimate of $1.13 by ($0.01). The company had revenue of $172.71 million for the quarter, compared to analysts’ expectations of $175.45 million. FB Financial had a return on equity of 11.64% and a net margin of 14.26%.The firm’s revenue for the quarter was up 31.8% on a year-over-year basis. During the same period in the prior year, the firm posted $0.85 EPS. On average, sell-side analysts predict that FB Financial will post 4.71 earnings per share for the current fiscal year.

Institutional Trading of FB Financial

Large investors have recently made changes to their positions in the business. CIBC Private Wealth Group LLC purchased a new stake in shares of FB Financial in the 4th quarter valued at $27,000. UMB Bank n.a. raised its position in FB Financial by 155.9% during the third quarter. UMB Bank n.a. now owns 481 shares of the financial services provider’s stock valued at $27,000 after acquiring an additional 293 shares in the last quarter. Tripletail Wealth Management LLC purchased a new position in FB Financial during the third quarter valued at approximately $31,000. Assetmark Inc. purchased a new position in FB Financial during the fourth quarter valued at approximately $30,000. Finally, Global Retirement Partners LLC purchased a new position in FB Financial during the fourth quarter valued at approximately $37,000. 65.40% of the stock is owned by hedge funds and other institutional investors.

About FB Financial

FB Financial Corporation, through its banking subsidiary FirstBank, is a Tennessee-based bank holding company that provides a broad range of financial services to individuals, small and medium-sized businesses, and commercial clients. Established to serve the banking needs of communities across the southeastern United States, the company’s core offerings include consumer and commercial deposit products, commercial lending, and mortgage services.

In addition to traditional checking and savings accounts, FB Financial’s service portfolio encompasses treasury and cash management, equipment financing, and letters of credit to support the working capital and expansion needs of business customers.