Analysts Adjust Predictions for FB Financial Ahead of Earnings

FB Financial Corporation Earnings Anticipation
The excitement is building as FB Financial Corporation (NYSE: FBK) approaches the release of their earnings report for the third quarter. Investors are particularly eager to see how the numbers will stack up against previous quarters.
Analysts' Expectations for Earnings
According to market analysts, FB Financial is projected to announce earnings of 96 cents per share this quarter. This represents an increase from the 86 cents per share reported in the same period last year. Additionally, the company's revenue is anticipated to reach approximately $167.75 million, a significant rise from the $89.52 million earned a year ago.
Leadership Changes within FB Financial
In a recent development, FB Financial made a noteworthy decision by promoting Michael Mettee to serve as both Chief Financial Officer (CFO) and Chief Operating Officer (COO). This strategic move aims to enhance operational efficiency within the organization.
Recent Stock Performance
In the market, FB Financial shares experienced a slight dip, closing at $58.13, reflecting a 1.8% decrease. This fluctuation in stock price has captured the attention of shareholders and analysts alike as they navigate through external and internal factors affecting the company.
Insights from Analysts
Many analysts have shared their insights and ratings, providing an overview of the market sentiment regarding FB Financial. Here's a summary of notable analyst ratings:
Overview of Analyst Ratings
- Cantor Fitzgerald analyst Dave Rochester initiated coverage with an Overweight rating and set a price target of $61.
- Keefe, Bruyette & Woods’ Catherine Mealor upgraded the stock from Market Perform to Outperform, adjusting the price target from $52 to $58.
- Piper Sandler's Stephen Scouten maintained an Overweight rating while lowering the price target from $60 to $58.
- Stephens & Co.’s Russell Gunther kept an Overweight rating but decreased the price target from $65 to $58.
Investing in FB Financial
For those considering investing in FBK stock, it's essential to weigh these expert opinions. Analysts believe that the company's solid growth trajectory may present a viable opportunity for investors.
Frequently Asked Questions
When is FB Financial's earnings report expected?
FB Financial is scheduled to release its earnings results soon, and analysts eagerly await the numbers.
What earnings per share is FB Financial expected to report?
Analysts predict FB Financial will report earnings of 96 cents per share this quarter.
What changes occurred in FB Financial's executive team?
Michael Mettee has been promoted to serve as both CFO and COO of FB Financial.
How did FB Financial's stock perform recently?
FB Financial shares closed at $58.13, reflecting a 1.8% decrease in the market.
What are current analyst ratings for FB Financial?
Analysts generally rate FB Financial positively, with many maintaining Overweight ratings on the stock.
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