FB Financial Corporation (NYSE:FBK) to Issue Quarterly Dividend of $0.19

Key Points

• FB Financial Corporation declared a quarterly dividend of $0.19 per share, with an ex-dividend date of November 11th, and payment scheduled for November 25th.
• The company maintains a low dividend payout ratio of 17.4%, with earnings forecasts suggesting it can comfortably sustain the dividend.
• As of Friday, FB Financial's stock price rose to $55.72, with a market capitalization of $3 billion and a 12-month price range between $38.83 and $60.51.

FB Financial Corporation (NYSE:FBK - Get Free Report) declared a quarterly dividend on Friday, October 24th. Investors of record on Tuesday, November 11th will be paid a dividend of 0.19 per share by the financial services provider on Tuesday, November 25th. This represents a c) dividend on an annualized basis and a yield of 1.4%. The ex-dividend date of this dividend is Tuesday, November 11th.

FB Financial has a dividend payout ratio of 17.4% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect FB Financial to earn $4.06 per share next year, which means the company should continue to be able to cover its $0.76 annual dividend with an expected future payout ratio of 18.7%.

FB Financial Price Performance

FB Financial stock traded up $1.14 during midday trading on Friday, reaching $55.72. 207,096 shares of the company traded hands, compared to its average volume of 309,727. The firm has a market capitalization of $3.00 billion, a price-to-earnings ratio of 26.04 and a beta of 0.91. The business has a 50 day moving average of $54.31 and a two-hundred day moving average of $48.25. FB Financial has a 12 month low of $38.83 and a 12 month high of $60.51.

FB Financial (NYSE:FBK - Get Free Report) last issued its quarterly earnings data on Tuesday, February 15th. The financial services provider reported $1.14 earnings per share for the quarter. The company had revenue of $163.71 million for the quarter. FB Financial had a net margin of 11.73% and a return on equity of 10.56%. As a group, equities analysts forecast that FB Financial will post 3.64 EPS for the current year.

Institutional Trading of FB Financial

Hedge funds and other institutional investors have recently modified their holdings of the company. Investors Research Corp purchased a new stake in shares of FB Financial in the third quarter worth $26,000. Tripletail Wealth Management LLC purchased a new stake in shares of FB Financial in the third quarter worth $31,000. Meeder Asset Management Inc. purchased a new stake in shares of FB Financial in the first quarter worth $33,000. EverSource Wealth Advisors LLC increased its stake in shares of FB Financial by 1,152.2% in the second quarter. EverSource Wealth Advisors LLC now owns 864 shares of the financial services provider's stock worth $39,000 after purchasing an additional 795 shares in the last quarter. Finally, GAMMA Investing LLC grew its stake in FB Financial by 36.7% during the first quarter. GAMMA Investing LLC now owns 1,378 shares of the financial services provider's stock valued at $64,000 after acquiring an additional 370 shares in the last quarter. 65.40% of the stock is owned by hedge funds and other institutional investors.

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.

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