First Bank (FRBA) Shares Bought by Kennedy Capital Management Inc.

Kennedy Capital Management Inc. boosted its stake in First Bank (NASDAQ:FRBA) by 101.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 112,683 shares of the bank’s stock after acquiring an additional 56,843 shares during the period. Kennedy Capital Management Inc. owned 0.65% of First Bank worth $1,561,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the stock. Haverford Trust Co. bought a new stake in First Bank in the fourth quarter valued at approximately $516,000. Monashee Investment Management LLC bought a new position in shares of First Bank during the 4th quarter worth approximately $163,000. BlackRock Inc. boosted its holdings in shares of First Bank by 13.4% during the 4th quarter. BlackRock Inc. now owns 43,820 shares of the bank’s stock worth $607,000 after buying an additional 5,178 shares in the last quarter. Bank of New York Mellon Corp bought a new position in shares of First Bank during the 4th quarter worth approximately $175,000. Finally, Wells Fargo & Company MN boosted its holdings in shares of First Bank by 252.9% during the 4th quarter. Wells Fargo & Company MN now owns 11,769 shares of the bank’s stock worth $163,000 after buying an additional 8,434 shares in the last quarter. Institutional investors and hedge funds own 39.98% of the company’s stock.

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FRBA has been the topic of a number of research analyst reports. ValuEngine upgraded First Bank from a “hold” rating to a “buy” rating in a report on Sunday, December 31st. Zacks Investment Research cut First Bank from a “buy” rating to a “hold” rating in a report on Wednesday, January 3rd. Finally, BidaskClub cut First Bank from a “hold” rating to a “sell” rating in a report on Saturday, January 20th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $15.33.

NASDAQ FRBA opened at $14.45 on Friday. The firm has a market capitalization of $249.35, a P/E ratio of 20.07 and a beta of 0.54. First Bank has a 12 month low of $11.15 and a 12 month high of $14.95.

First Bank (NASDAQ:FRBA) last released its quarterly earnings results on Tuesday, January 30th. The bank reported $0.18 EPS for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.01). The company had revenue of $12.86 million during the quarter, compared to analyst estimates of $12.60 million. equities analysts anticipate that First Bank will post 1.06 earnings per share for the current fiscal year.

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First Bank Company Profile

First Bank provides various banking products and services to individuals, businesses, and governmental entities in New Jersey and Pennsylvania. The company accepts various deposits, including non-interest bearing demand deposits, interest bearing demand accounts, money market accounts, savings accounts, and certificates of deposit, as well as commercial checking accounts.

Institutional Ownership by Quarter for First Bank (NASDAQ:FRBA)

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