FB Financial Corporation (NYSE:FBK) Shares Set to Pay Quarterly Dividend of $0.21

FB Financial Corporation (NYSE:FBK) declared a quarterly dividend on Thursday, October 22nd. Shareholders 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 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date of this dividend is Tuesday, November 10th.

FB Financial has raised its dividend by an average of 0.2% per year over the last three years and has raised 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. 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 Stock Performance

Shares of NYSE:FBK opened at $53.68 on Friday. The firm has a market capitalization of $2.68 billion, a P/E ratio of 11.93 and a beta of 0.98. The stock has a 50 day moving average price of $54.74 and a 200-day moving average price of $55.29. FB Financial has a 52-week low of $49.24 and a 52-week 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 earnings per share for the quarter, meeting the consensus estimate of $1.21. The company had revenue of $175.62 million for the quarter, compared to analyst estimates of $181.56 million. FB Financial had a return on equity of 12.32% and a net margin of 22.62%. On average, equities analysts forecast that FB Financial will post 4.65 EPS for the current fiscal year.

About FB Financial

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.