FB Financial Corporation (FBK) to Distribute Quarterly Dividend of $0.21 on August 25th

FB Financial Corporation (NYSE:FBK) declared a quarterly dividend on Thursday, July 23rd. Shareholders 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) dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date of this dividend is Tuesday, August 11th.

FB Financial has raised its dividend by an average of 0.2%annually over the last three years and has increased its dividend annually for the last 8 consecutive years. FB Financial has a dividend payout ratio of 19.2% indicating that its dividend is sufficiently covered by earnings. Research 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 Stock Up 0.1%

Shares of FBK stock opened at $60.88 on Friday. FB Financial has a 52-week low of $46.95 and a 52-week high of $62.44. The stock has a market cap of $3.04 billion, a PE ratio of 16.32 and a beta of 0.94. The business has a 50-day simple moving average of $56.63 and a 200-day simple moving average of $55.49.

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 the consensus estimate of $1.14. The firm had revenue of $175.94 million for the quarter, compared to analyst estimates of $177.45 million. FB Financial had a return on equity of 12.08% and a net margin of 19.00%. Sell-side analysts anticipate that FB Financial will post 4.67 earnings per share for the current fiscal 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.