FB Financial Corporation (NYSE:FBK – Get Free Report) declared a quarterly dividend on Thursday, October 22nd. Stockholders of record on Tuesday, November 10th will be given a dividend of $0.21 per share by the financial services provider on Tuesday, November 24th. This represents a $0.84 annualized dividend and a dividend yield of 1.6%. The ex-dividend date of this dividend is Tuesday, November 10th.
FB Financial has increased its dividend by an average of 0.2% annually over the last three years and has raised its dividend every year for the last 8 years. FB Financial has a payout ratio of 19.2% indicating that its dividend is sufficiently covered by earnings. Research analysts expect FB Financial to earn $5.09 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 16.5%.
FB Financial Trading Up 3.0%
NYSE FBK opened at $53.68 on Friday. FB Financial has a 1-year low of $49.24 and a 1-year high of $62.65. The stock has a 50-day moving average of $54.74 and a 200-day moving average of $55.29. The firm has a market cap of $2.68 billion, a PE ratio of 11.25 and a beta of 0.98.
FB Financial (NYSE:FBK – Get Free Report) last posted its quarterly earnings results on Tuesday, October 13th. The financial services provider reported $1.21 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.21. FB Financial had a return on equity of 12.32% and a net margin of 22.62%. The business had revenue of $175.62 million for the quarter, compared to analyst estimates of $181.56 million. As a group, equities research analysts forecast that FB Financial will post 4.65 earnings per share for the current fiscal year.
FB Financial Company Profile
FB Financial Corporation (NYSE: FBK) is a financial services holding company headquartered in Nashville, Tennessee. Its principal subsidiary, FirstBank, provides banking and financial services to individuals, businesses and institutions through a network of branches and digital banking channels.
FirstBank offers deposit accounts, consumer and commercial loans, mortgage lending, treasury and cash-management services, and wealth-management solutions. Its lending activities include residential mortgages, commercial real estate, business loans and consumer credit products.
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