FB Financial Corporation (FBK) To Go Ex-Dividend on November 10th

FB Financial Corporation (NYSE:FBK) announced a quarterly dividend on Thursday, October 22nd. Investors 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 yield of 1.5%. The ex-dividend date is Tuesday, November 10th.

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 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 Price Performance

Shares of FBK stock opened at $54.23 on Friday. The company’s fifty day moving average price is $53.67 and its two-hundred day moving average price is $55.31. The firm has a market capitalization of $2.66 billion, a P/E ratio of 12.05 and a beta of 0.97. FB Financial has a 12 month low of $49.24 and a 12 month high of $62.65.

FB Financial (NYSE:FBK) last released its quarterly earnings results on Tuesday, October 13th. The financial services provider reported $1.21 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 analysts’ expectations of $181.56 million. On average, sell-side analysts anticipate that FB Financial will post 4.65 EPS for the current 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.