Analysts Anticipate FB Financial Co. (FBK) Will Post Quarterly Sales of $81.30 Million

Brokerages forecast that FB Financial Co. (NYSE:FBK) will report $81.30 million in sales for the current quarter, Zacks reports. Two analysts have issued estimates for FB Financial’s earnings, with estimates ranging from $80.89 million to $81.70 million. FB Financial reported sales of $61.34 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 32.5%. The business is scheduled to report its next earnings report after the market closes on Monday, April 23rd.

On average, analysts expect that FB Financial will report full year sales of $347.45 million for the current year, with estimates ranging from $345.50 million to $349.40 million. For the next year, analysts anticipate that the company will post sales of $364.32 million per share, with estimates ranging from $359.10 million to $369.54 million. Zacks’ sales calculations are an average based on a survey of research firms that cover FB Financial.

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FB Financial (NYSE:FBK) last released its quarterly earnings data on Monday, January 22nd. The financial services provider reported $0.60 EPS for the quarter, topping analysts’ consensus estimates of $0.54 by $0.06. The company had revenue of $86.00 million for the quarter, compared to the consensus estimate of $79.79 million. FB Financial had a return on equity of 11.95% and a net margin of 16.84%.

Several equities research analysts recently commented on the company. Zacks Investment Research downgraded FB Financial from a “strong-buy” rating to a “hold” rating in a report on Tuesday, February 13th. ValuEngine upgraded FB Financial from a “hold” rating to a “buy” rating in a report on Monday, February 5th. Finally, UBS assumed coverage on FB Financial in a report on Thursday, March 22nd. They set a “neutral” rating and a $44.00 target price on the stock. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. FB Financial presently has an average rating of “Hold” and an average target price of $42.17.

Several large investors have recently made changes to their positions in FBK. CapWealth Advisors LLC increased its holdings in FB Financial by 1.7% during the 4th quarter. CapWealth Advisors LLC now owns 259,420 shares of the financial services provider’s stock worth $10,893,000 after purchasing an additional 4,253 shares during the last quarter. MetLife Investment Advisors LLC purchased a new stake in FB Financial during the 4th quarter worth approximately $269,000. Forest Hill Capital LLC increased its holdings in FB Financial by 3.5% during the 4th quarter. Forest Hill Capital LLC now owns 201,800 shares of the financial services provider’s stock worth $8,474,000 after purchasing an additional 6,800 shares during the last quarter. Raymond James & Associates purchased a new stake in FB Financial during the 4th quarter worth approximately $878,000. Finally, Cardinal Capital Management LLC CT increased its holdings in FB Financial by 173.4% during the 4th quarter. Cardinal Capital Management LLC CT now owns 437,016 shares of the financial services provider’s stock worth $18,351,000 after purchasing an additional 277,155 shares during the last quarter. Institutional investors and hedge funds own 36.15% of the company’s stock.

Shares of FB Financial stock traded up $0.11 during trading hours on Monday, reaching $40.76. The stock had a trading volume of 63,290 shares, compared to its average volume of 103,301. The company has a market cap of $1,241.27, a price-to-earnings ratio of 19.05 and a beta of 1.28. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.95 and a quick ratio of 0.82. FB Financial has a 1 year low of $32.76 and a 1 year high of $45.43.

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FB Financial Company Profile

FB Financial Corporation operates as a holding company for FirstBank that provides a suite of commercial and consumer banking services to businesses, professionals, and individuals. The company operates in two segments, Banking and Mortgage. It provides demand, negotiable order of withdrawal, money market, certificates of deposit, and municipal and savings accounts, as well as time deposits.

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