FB Financial said on April 28, 2023 that its board of directors declared a regular quarterly dividend of $0.15 per share ($0.60 annualized). Previously, the company paid $0.15 per share.

Shares must be purchased before the ex-div date of May 8, 2023 to qualify for the dividend. Shareholders of record as of May 9, 2023 will receive the payment on May 23, 2023.

At the current share price of $29.43 / share, the stock's dividend yield is 2.04%.

Looking back five years and taking a sample every week, the average dividend yield has been 1.09%, 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 3.16 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.

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What is the Fund Sentiment?

There are 445 funds or institutions reporting positions in FB Financial. This is an increase of 11 owner(s) or 2.53% in the last quarter. Average portfolio weight of all funds dedicated to FBK is 0.13%, a decrease of 0.37%. Total shares owned by institutions increased in the last three months by 0.33% to 34,430K shares. The put/call ratio of FBK is 0.02, indicating a bullish outlook.

Analyst Price Forecast Suggests 16.11% Upside

As of April 24, 2023, the average one-year price target for FB Financial is 34.17. The forecasts range from a low of 28.28 to a high of $43.05. The average price target represents an increase of 16.11% from its latest reported closing price of 29.43.

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.

What are Other Shareholders Doing?

T. Rowe Price Investment Management holds 5,170K shares representing 11.06% ownership of the company. In it's prior filing, the firm reported owning 4,821K shares, representing an increase of 6.75%. The firm decreased its portfolio allocation in FBK by 2.58% over the last quarter.

IJR - iShares Core S&P Small-Cap ETF holds 2,608K shares representing 5.58% ownership of the company. In it's prior filing, the firm reported owning 2,574K shares, representing an increase of 1.32%. The firm decreased its portfolio allocation in FBK by 12.81% over the last quarter.

PRSVX - T. Rowe Price Small-Cap Value Fund holds 1,529K shares representing 3.27% ownership of the company. In it's prior filing, the firm reported owning 1,402K shares, representing an increase of 8.33%. The firm increased its portfolio allocation in FBK by 0.89% over the last quarter.

Wasatch Advisors holds 1,116K shares representing 2.39% ownership of the company. In it's prior filing, the firm reported owning 1,218K shares, representing a decrease of 9.14%. The firm decreased its portfolio allocation in FBK by 16.05% over the last quarter.

VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 1,096K shares representing 2.34% ownership of the company. In it's prior filing, the firm reported owning 1,078K shares, representing an increase of 1.70%. The firm decreased its portfolio allocation in FBK by 11.14% over the last quarter.

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.