FB Financial Co. (NYSE:FBK – Get Free Report) declared a quarterly dividend on Friday, July 26th, NASDAQ reports. Stockholders of record on Tuesday, August 6th will be given a dividend of 0.17 per share by the financial services provider on Tuesday, August 20th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.54%. The ex-dividend date of this dividend is Tuesday, August 6th.
FB Financial has raised its dividend payment by an average of 18.6% annually over the last three years. FB Financial has a dividend payout ratio of 20.4% indicating that its dividend is sufficiently covered by earnings. Research analysts expect FB Financial to earn $3.31 per share next year, which means the company should continue to be able to cover its $0.68 annual dividend with an expected future payout ratio of 20.5%.
FB Financial Stock Down 1.5 %
Shares of NYSE FBK opened at $44.21 on Friday. The stock has a market cap of $2.08 billion, a PE ratio of 18.58 and a beta of 1.14. FB Financial has a 52-week low of $27.42 and a 52-week high of $48.30. The business has a 50-day moving average price of $39.93 and a 200 day moving average price of $37.92.
Wall Street Analysts Forecast Growth
Check Out Our Latest Stock Analysis on FB Financial
FB Financial Company Profile
FB Financial Corporation operates as a bank holding company for FirstBank that provides a suite of commercial and consumer banking services to businesses, professionals, and individuals. The company operates in segments, such as Banking and Mortgage. It offers checking, demand, money market, and savings accounts; deposit and lending products and services to corporate, commercial, and consumer customers; and time deposits and certificates of deposits, as well as residential mortgage loans.
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