Fintel reports that on April 19, 2023, Stephens & Co. maintained coverage of FB Financial (NYSE:FBK) with a Equal-Weight recommendation.
Analyst Price Forecast Suggests 30.32% Upside
As of April 6, 2023, the average one-year price target for FB Financial is $39.71. The forecasts range from a low of $32.32 to a high of $44.62. The average price target represents an increase of 30.32% from its latest reported closing price of $30.47.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for FB Financial is $588MM, an increase of 17.34%. The projected annual non-GAAP EPS is $3.58.
FB Financial Declares $0.15 Dividend
On January 26, 2023 the company declared a regular quarterly dividend of $0.15 per share ($0.60 annualized). Shareholders of record as of February 7, 2023 received the payment on February 21, 2023. Previously, the company paid $0.13 per share.
At the current share price of $30.47 / share, the stock's dividend yield is 1.97%. Looking back five years and taking a sample every week, the average dividend yield has been 1.08%, the lowest has been 0.54%, and the highest has been 2.12%. The standard deviation of yields is 0.30 (n=236).
The current dividend yield is 2.96 standard deviations above the historical average.
Additionally, the company's dividend payout ratio is 0.19. The payout ratio tells us how much of a company's income is paid out in dividends. A payout ratio of one (1.0) means 100% of the company's income is paid in a dividend. A payout ratio greater than one means the company is dipping into savings in order to maintain its dividend - not a healthy situation. Companies with few growth prospects are expected to pay out most of their income in dividends, which typically means a payout ratio between 0.5 and 1.0. Companies with good growth prospects are expected to retain some earnings in order to invest in those growth prospects, which translates to a payout ratio of zero to 0.5.
The company's 3-Year dividend growth rate is 0.44%, demonstrating that it has increased its dividend over time.
What are Other Shareholders Doing?
Raymond James & Associates holds 103K shares representing 0.22% ownership of the company. In it's prior filing, the firm reported owning 102K shares, representing an increase of 1.56%. The firm decreased its portfolio allocation in FBK by 17.37% over the last quarter.
IWN - iShares Russell 2000 Value ETF holds 394K shares representing 0.84% ownership of the company. In it's prior filing, the firm reported owning 380K shares, representing an increase of 3.66%. The firm decreased its portfolio allocation in FBK by 10.07% over the last quarter.
EES - WisdomTree U.S. SmallCap Fund N holds 22K shares representing 0.05% ownership of the company. In it's prior filing, the firm reported owning 27K shares, representing a decrease of 24.48%. The firm decreased its portfolio allocation in FBK by 35.47% over the last quarter.
RYLD - Global X Russell 2000 Covered Call ETF holds 15K shares representing 0.03% ownership of the company. In it's prior filing, the firm reported owning 15K shares, representing an increase of 1.74%. The firm decreased its portfolio allocation in FBK by 13.02% over the last quarter.
Gsa Capital Partners Llp holds 6K shares representing 0.01% ownership of the company. In it's prior filing, the firm reported owning 0K shares, representing an increase of 100.00%.
What is the Fund Sentiment?
There are 444 funds or institutions reporting positions in FB Financial. This is an increase of 9 owner(s) or 2.07% in the last quarter. Average portfolio weight of all funds dedicated to FBK is 0.14%, a decrease of 2.07%. Total shares owned by institutions increased in the last three months by 0.24% to 34,515K shares. 
The put/call ratio of FBK is 0.08, indicating a bullish outlook.
FB Financial Background Information
(This description is provided by the company.)
FB Financial Corporation is a bank holding company headquartered in Nashville, Tennessee. FB Financial Corporation operates through its wholly owned banking subsidiary, FirstBank, the third largest Tennessee-headquartered community bank, with 81 full-service bank branches across Tennessee, Kentucky, North Alabama and North Georgia, and mortgage offices across the Southeast. FirstBank serves five of the largest metropolitan markets in Tennessee and has approximately $11.2 billion in total assets.
See all FB Financial regulatory filings.This story originally appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
