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.
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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.
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