About First Acceptance (NYSE:FAC)
First Acceptance Corporation is a retailer, servicer and underwriter of non-standard personal automobile insurance based in Nashville, Tennessee. The Company operates in two segments: Insurance, and Real estate and corporate. Its insurance operations are engaged in selling non-standard personal automobile insurance products and related products in over 20 states. The real estate and corporate segment consists of the activities related to the disposition of foreclosed real estate held for sale, interest expense associated with all debt and other general corporate overhead expenses. The Company conducts its servicing and underwriting operations in approximately 10 states and is licensed as an insurer in over 10 additional states. It leases and operates approximately 440 retail locations and a call center staffed by employee-agents who primarily sell non-standard personal automobile insurance products underwritten by the Company, as well as certain commissionable ancillary products.
Industry, Sector and Symbol
Industry Insurance - Automobile
Trailing P/E Ratio-27.4931267183204
Forward P/E RatioN/A
Sales & Book Value
Annual Sales$389.62 million
Price / Sales0.12
Price / CashN/A
Book Value$1.76 per share
Price / Book0.63
Return on Equity-2.33%
Return on Assets-0.42%
First Acceptance (NYSE:FAC) Frequently Asked Questions
What is First Acceptance's stock symbol?
First Acceptance trades on the New York Stock Exchange (NYSE) under the ticker symbol "FAC."
How were First Acceptance's earnings last quarter?
First Acceptance Corporation (NYSE:FAC) issued its quarterly earnings results on Tuesday, November, 7th. The financial services provider reported $0.05 earnings per share (EPS) for the quarter. The financial services provider had revenue of $85.98 million for the quarter. First Acceptance had a negative net margin of 0.49% and a negative return on equity of 2.33%. View First Acceptance's Earnings History.
When will First Acceptance make its next earnings announcement?
Who are some of First Acceptance's key competitors?
Some companies that are related to First Acceptance include Commercewest Bank (CWBK), Consumer Portfolio Services (CPSS), Sotherly Hotels (SOHO), Porter Bancorp (PBIB), Security National Financial (SNFCA), Harvest Capital Credit (HCAP), Compass EMP Funds Trust (CSF), Patriot National Bancorp (PNBK), Atlantic American (AAME), SouthCrest Financial Group (SCSG), Fifth Street Asset Management (FSAM), Desarrolladora Homex SAB de CV (DHOXY), Emergent Capital (EMGC), Wheeler Real Estate Investment Trust (WHLR), Anchor Bancorp (ANCB), Manning and Napier (MN), Conifer (CNFR) and GWG (GWGH).
Who are First Acceptance's key executives?
First Acceptance's management team includes the folowing people:
- Jeremy B. Ford, Chairman of the Board (Age 42)
- Kenneth D. Russell, Director, Interim President and Chief Executive Officer (Age 68)
- Brent J. Gay, Chief Financial Officer, Senior Vice President (Age 38)
- Donald J. Edwards, Director (Age 50)
- Mark A. Kelly, Director (Age 47)
- Rhodes R. Bobbitt, Independent Director (Age 71)
- Harvey Berry Cash, Independent Director (Age 78)
- Thomas C. Nichols, Independent Director (Age 69)
How do I buy First Acceptance stock?
Shares of First Acceptance can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is First Acceptance's stock price today?
One share of First Acceptance stock can currently be purchased for approximately $1.10.
How big of a company is First Acceptance?
First Acceptance has a market capitalization of $46.56 million and generates $389.62 million in revenue each year. The financial services provider earns $-29,280,000.00 in net income (profit) each year or ($0.04) on an earnings per share basis. First Acceptance employs 1,400 workers across the globe.
How can I contact First Acceptance?
First Acceptance's mailing address is 3813 GREEN HILLS VILLAGE DRIVE, NASHVILLE TN, 37215. The financial services provider can be reached via phone at 615-844-2800.
MarketBeat Community Rating for First Acceptance (FAC)MarketBeat's community ratings are surveys of what our community members think about First Acceptance and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.
First Acceptance (NYSE:FAC) Analyst Ratings History
No equities research coverage for this company has been tracked by MarketBeat
First Acceptance (NYSE:FAC) Earnings History and Estimates Chart
First Acceptance (NYSE FAC) Earnings History by Quarter
(Earnings results data provided by Zacks Investment Research)
|Date||Quarter||Consensus Estimate||Actual EPS||Revenue Estimate||Actual Revenue||Release Link||Conference Call||Details|
|11/7/2017||Q3 2017||$0.05||$85.98 million||View||N/A|
|8/9/2017||Q2 2017||($0.02)||$91.41 million||View||N/A|
|11/10/2016||Q3 2016||($0.09)||$102.12 million||View||N/A|
First Acceptance (NYSE:FAC) Earnings Estimates
No earnings estimates for this company have been tracked by MarketBeat.com
Dividend History for First Acceptance (NYSE:FAC)
No dividend announcements for this company have been tracked by MarketBeat.com
First Acceptance (NYSE FAC) Insider Trading and Institutional Ownership History
Insider Ownership Percentage: 9.50%
Institutional Ownership Percentage: 19.80%
First Acceptance (NYSE FAC) Insider Trades by Quarter
(Data available from 1/1/2013 forward)
|Transaction Date||Insider Name||Title||Buy/Sell||Number of Shares||Average Share Price||Total Transaction||Shares Held After Transaction||Details|
|8/24/2017||Rhodes R Bobbitt||Director||Buy||800||$1.02||$816.00||479,661|| |
|8/17/2017||Rhodes R Bobbitt||Director||Buy||200||$0.85||$170.00||479,661|| |
|8/16/2017||Rhodes R Bobbitt||Director||Buy||6,516||$0.85||$5,538.60||479,661|| |
|8/15/2017||Rhodes R Bobbitt||Director||Buy||4,090||$0.85||$3,476.50||479,661|| |
|8/14/2017||Rhodes R Bobbitt||Director||Buy||1,958||$0.85||$1,664.30||479,661|| |
|3/17/2017||Kenneth D Russell||CEO||Buy||50,000||$1.47||$73,500.00||63,000|| |
|3/17/2017||Rhodes R Bobbitt||Director||Buy||3,639||$1.34||$4,876.26||478,661|| |
|12/15/2016||Rhodes R Bobbitt||Director||Buy||25,000||$1.15||$28,750.00||478,661|| |
|11/17/2016||Rhodes R Bobbitt||Director||Buy||27,883||$1.09||$30,392.47||478,661|| |
|11/16/2016||Rhodes R Bobbitt||Director||Buy||80,600||$1.06||$85,436.00||478,661|| |
|11/17/2015||Brent J. Gay||CFO||Buy||5,000||$2.29||$11,450.00||31,434|| |
|11/17/2015||Rhodes R Bobbitt||Director||Buy||21,200||$2.33||$49,396.00||477,661|| |
|11/16/2015||Brent J. Gay||CFO||Buy||200||$2.29||$458.00||31,434|| |
|9/9/2015||Rhodes R Bobbitt||Director||Buy||20,300||$2.72||$55,216.00||477,661|| |
|8/31/2015||Rhodes R Bobbitt||Director||Buy||18,326||$2.77||$50,763.02||477,661|| |
|5/15/2015||Lyndon L Olson Jr||Director||Buy||50,000||$2.96||$148,000.00|| |
|9/3/2014||Jeremy B Ford||Director||Buy||18,250||$2.50||$45,625.00|| |
|6/16/2014||Kenneth D Russell||Director||Buy||10,000||$2.35||$23,500.00|| |
|12/6/2013||Jeremy B Ford||Director||Buy||250,200||$1.91||$477,882.00|| |
|6/14/2013||Jeremy B Ford||Director||Buy||104,736||$1.21||$126,730.56|| |
|6/12/2013||Mark A Kelly||CEO||Buy||15,000||$1.20||$18,000.00|| |
First Acceptance (NYSE FAC) News Headlines
|A.M. Best Affirms Credit Ratings of First Acceptance Corporation and Its Subsidiaries|
www.businesswire.com - December 20 at 9:13 AM
|ETFs with exposure to First Acceptance Corp. : December 19, 2017|
finance.yahoo.com - December 19 at 5:33 PM
|ETFs with exposure to First Acceptance Corp. : December 5, 2017|
finance.yahoo.com - December 5 at 5:30 PM
|First Acceptance (FAC) Upgraded at TheStreet|
www.americanbankingnews.com - November 30 at 9:54 AM
|ETFs with exposure to First Acceptance Corp. : November 20, 2017|
finance.yahoo.com - November 20 at 7:16 PM
|First Acceptance Corp. :FAC-US: Earnings Analysis: Q3, 2017 By the Numbers : November 9, 2017|
finance.yahoo.com - November 10 at 2:42 PM
|ETFs with exposure to First Acceptance Corp. : November 8, 2017|
finance.yahoo.com - November 9 at 3:12 AM
|First Acceptance Corporation (FAC) Issues Quarterly Earnings Results|
www.americanbankingnews.com - November 8 at 7:11 PM
|First Acceptance Corporation Reports Operating Results for the Quarter and Nine Months Ended September 30, 2017|
finance.yahoo.com - November 8 at 6:47 AM
|First Acceptance posts 3Q profit|
finance.yahoo.com - November 8 at 6:47 AM
|First Acceptance Corporation (FAC) Set to Announce Quarterly Earnings on Wednesday|
www.americanbankingnews.com - November 1 at 4:28 AM
|ETFs with exposure to First Acceptance Corp. : October 23, 2017|
finance.yahoo.com - October 23 at 4:17 PM
|ETFs with exposure to First Acceptance Corp. : October 11, 2017|
finance.yahoo.com - October 11 at 8:07 PM
|First Acceptance Corp. :FAC-US: Earnings Analysis: Q2, 2017 By the Numbers : September 28, 2017|
finance.yahoo.com - October 2 at 2:47 PM
|ETFs with exposure to First Acceptance Corp. : September 29, 2017|
finance.yahoo.com - October 2 at 2:47 PM
|First Acceptance Receives Continued Listed Standard Notice from NYSE|
finance.yahoo.com - August 23 at 11:29 PM
|First Acceptance Corporation (FAC) Releases Quarterly Earnings Results|
www.americanbankingnews.com - August 11 at 12:20 AM
|First Acceptance Corporation (NYSE:FAC) to Release Quarterly Earnings on Thursday|
www.americanbankingnews.com - August 10 at 8:06 AM
|First Acceptance Corporation Reports Operating Results for the Quarter and Six Months Ended June 30, 2017|
finance.yahoo.com - August 9 at 6:45 PM
|ETFs with exposure to First Acceptance Corp. : August 7, 2017|
finance.yahoo.com - August 7 at 6:47 PM
|First Acceptance Corporation (NYSE:FAC) Scheduled to Post Quarterly Earnings on Wednesday|
www.americanbankingnews.com - August 3 at 10:40 AM
|First Acceptance posts 1Q profit|
marketbeat.com - May 9 at 5:21 PM
|First Acceptance Corporation Reports Operating Results for the Quarter and Year Ended December 31, 2016|
us.rd.yahoo.com - March 14 at 4:28 PM
|FIRST ACCEPTANCE CORP /DE/ Files SEC form 10-K, Annual Report|
us.rd.yahoo.com - March 14 at 4:28 PM
|Restoration Hardware's (RH) CEO Gary Friedman on Q3 2016 Results - Earnings Call Transcript|
seekingalpha.com - December 8 at 10:47 PM
|A.M. Best Downgrades Credit Ratings for First Acceptance Corporation and Its Subsidiaries|
uk.finance.yahoo.com - November 23 at 4:49 PM
|First Acceptance Corporation Reports Operating...|
www.benzinga.com - November 11 at 10:10 PM
|Q3 2016 First Acceptance Corp Earnings Release - After Market Close|
biz.yahoo.com - November 10 at 10:32 AM
|FIRST ACCEPTANCE CORP /DE/ Files SEC form 8-K, Notice of Delisting or Failure to Satisfy a Continued Listing Rule or|
biz.yahoo.com - October 20 at 10:25 AM
|First Acceptance reports 2Q loss|
www.cnbc.com - August 19 at 4:53 PM
|FIRST ACCEPTANCE CORP /DE/ Files SEC form 8-K, Submission of Matters to a Vote of Security Holders|
biz.yahoo.com - May 11 at 6:08 AM
|FIRST ACCEPTANCE CORP /DE/ Files SEC form 8-K, Change in Directors or Principal Officers, Financial Statements and Ex|
biz.yahoo.com - March 18 at 4:07 PM
|FIRST ACCEPTANCE CORP /DE/ Files SEC form 8-K, Results of Operations and Financial Condition, Financial Statements an|
biz.yahoo.com - November 10 at 4:13 PM
|FIRST ACCEPTANCE CORP /DE/ Files SEC form 8-K, Other Events|
biz.yahoo.com - August 21 at 4:06 PM
|FIRST ACCEPTANCE CORP /DE/ Files SEC form 8-K, Entry into a Material Definitive Agreement, Completion of Acquisition|
biz.yahoo.com - July 1 at 4:09 PM
First Acceptance (NYSE:FAC) SEC Filings
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First Acceptance (NYSE:FAC) Income Statement, Balance Sheet and Cash Flow Statement
First Acceptance (NYSE FAC) Stock Chart for Wednesday, January, 17, 2018