FB Financial Announces Q1 Earnings with EPS Exceeding Analyst Estimate
On April 17, 2023, FB Financial (NYSE:FBK) announced its Q1 earnings, revealing earnings per share (EPS) of $0.76, which exceeded the analyst consensus estimate of $0.72 by 5.56 percent. This marks a 2.7 percent rise from the previous year’s earnings of $0.74 per share. However, the company’s quarterly sales of $127.24 million missed the analyst consensus estimate of $131.44 million by 3.19 percent, indicating a 2.93 percent decrease from last year.
As of the same date, FB Financial’s stock price on the NYSE stood at $30.10, with a market cap of $1.4 billion. The company’s 52-week high and low are $45.25 and $29.12, respectively. With a cash-to-debt ratio of 1.65, an equity-to-asset ratio of 0.1, and a debt-to-equity ratio of 0.37, FB Financial’s financial strength is rated 4/10.
FB Financial is a bank holding company that operates through its subsidiary, FirstBank, offering various banking services such as personal and business banking, mortgage lending, and wealth management. The company has been increasing its quarterly dividend, with the most recent increase being 22 percent in February 2023.
FBK Stock Analysis: Undervalued with Promising Earnings Growth and Profit Margin
On April 17, 2023, FBK stock opened at 29.83 and fluctuated within a range of 29.77 to 30.51, with a total volume of shares traded at 151,572. FBK’s market capitalization was $1.4 billion, and the stock had a P/E ratio of 11.5, suggesting it is undervalued compared to its peers. FBK’s earnings growth in the last year was -34.10%, but the earnings growth for this year was only -2.21%, indicating recovery. FBK is a profitable company, with a net profit margin of 19.26%, despite its low revenue growth. FBK is classified as a central bank in the finance sector, with corporate headquarters in Nashville, Tennessee. FBK did not experience any significant changes in stock price on April 17, 2023. FBK is scheduled to report its earnings on April 18, 2023, with an EPS forecast of $0.71.
FB Financial Corp (FBK) Stock Analysis: Potential for Growth and Positive Outlook
FB Financial Corp (FBK) had a promising start on April 17, 2023, with its stock price at $30.46. According to CNN Money, the company has a median target price of $35.00, with a high estimate of $39.00 and a low estimate of $30.00. This indicates a potential increase of 14.90% from the current stock price. The consensus among seven polled investment analysts is to hold stock in FBK. This rating has remained steady since February. FBK’s current quarterly earnings per share are $0.71, with sales of $131.0 million. The company is set to report its earnings on April 18, 2023. Investors may be encouraged by FBK’s positive outlook and potential for growth. However, it is essential to note that stock prices can be volatile and subject to market fluctuations. It is always advisable to conduct thorough research and seek professional advice before making investment decisions.
