First Bank (FRBA) Upgraded at ValuEngine

First Bank (NASDAQ:FRBA) was upgraded by analysts at ValuEngine from a “hold” rating to a “buy” rating in a research note issued on Sunday, December 31st.

Other research analysts have also recently issued research reports about the company. Sandler O’Neill set a $14.00 price target on First Bank and gave the company a “hold” rating in a research report on Wednesday, October 11th. Zacks Investment Research cut First Bank from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, September 26th.

First Bank (NASDAQ:FRBA) opened at $14.50 on Friday. First Bank has a 52-week low of $10.60 and a 52-week high of $14.95. The firm has a market capitalization of $162.97, a price-to-earnings ratio of 23.02 and a beta of 0.37.

Several hedge funds have recently made changes to their positions in the company. FNY Partners Fund LP acquired a new stake in shares of First Bank during the second quarter valued at $120,000. Navellier & Associates Inc boosted its stake in shares of First Bank by 15.0% during the second quarter. Navellier & Associates Inc now owns 11,500 shares of the bank’s stock valued at $134,000 after acquiring an additional 1,500 shares during the last quarter. First Trust Advisors LP acquired a new stake in shares of First Bank during the third quarter valued at $134,000. GSA Capital Partners LLP acquired a new stake in shares of First Bank during the second quarter valued at $144,000. Finally, Northern Trust Corp acquired a new stake in shares of First Bank during the second quarter valued at $265,000. Institutional investors and hedge funds own 36.78% of the company’s stock.

ILLEGAL ACTIVITY NOTICE: “First Bank (FRBA) Upgraded at ValuEngine” was first published by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are accessing this piece on another site, it was illegally copied and republished in violation of international copyright and trademark laws. The correct version of this piece can be read at https://www.dispatchtribunal.com/2018/01/11/first-bank-frba-upgraded-by-valuengine-to-buy.html.

About First Bank

First Bank is a commercial bank. The Company provides a range of lending, deposit and other financial products and services. It operates through Community Banking segment, which is engaged in providing a range of commercial and retail and related banking services. It offers a range of lending products to meet the needs of its customers located within its market areas, including commercial and industrial loans, commercial real estate loans (including owner-occupied, investor, and multi-family loans), residential real estate loans, and consumer and other loans.

To view ValuEngine’s full report, visit ValuEngine’s official website.

Receive News & Ratings for First Bank Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for First Bank and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply