FB Financial Corporation (FBK) To Go Ex-Dividend on August 11th

FB Financial Corporation (NYSE:FBK) declared a quarterly dividend on Thursday, July 23rd. Investors of record on Tuesday, August 11th will be given a dividend of 0.21 per share by the financial services provider on Tuesday, August 25th. This represents a c) annualized dividend and a yield of 1.4%. The ex-dividend date is Tuesday, August 11th.

FB Financial has increased its dividend payment by an average of 0.2%per year 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. Analysts expect FB Financial to earn $5.19 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 16.2%.

FB Financial Trading Up 1.4%

FBK stock opened at $58.99 on Friday. The stock’s 50 day simple moving average is $55.07 and its 200 day simple moving average is $55.34. FB Financial has a 12-month low of $46.95 and a 12-month high of $62.37. The stock has a market capitalization of $3.04 billion, a PE ratio of 15.82 and a beta of 0.95.

FB Financial (NYSE:FBK) last posted its earnings results on Monday, July 13th. The financial services provider reported $1.14 EPS for the quarter, hitting analysts’ consensus estimates of $1.14. FB Financial had a return on equity of 12.08% and a net margin of 19.00%.The business had revenue of $175.94 million during the quarter, compared to analyst estimates of $177.45 million. On average, research analysts predict that FB Financial will post 4.67 earnings per share for the current year.

FB Financial Company Profile

FB Financial Corporation, through its banking subsidiary FirstBank, is a Tennessee-based bank holding company that provides a broad range of financial services to individuals, small and medium-sized businesses, and commercial clients. Established to serve the banking needs of communities across the southeastern United States, the company’s core offerings include consumer and commercial deposit products, commercial lending, and mortgage services.

In addition to traditional checking and savings accounts, FB Financial’s service portfolio encompasses treasury and cash management, equipment financing, and letters of credit to support the working capital and expansion needs of business customers.