Shares of First Bank (NASDAQ:FRBA) have been assigned a consensus broker rating score of 1.00 (Strong Buy) from the two brokers that cover the company, Zacks Investment Research reports. Two analysts have rated the stock with a strong buy rating. First Bank’s rating score has improved by 40.1% from three months ago as a result of various analysts’ upgrades and downgrades.
Analysts have set a 1 year consensus price target of $17.00 for the company and are forecasting that the company will post $0.27 earnings per share for the current quarter, according to Zacks. Zacks has also given First Bank an industry rank of 107 out of 265 based on the ratings given to related companies.
A number of equities research analysts have recently issued reports on FRBA shares. BidaskClub raised shares of First Bank from a “sell” rating to a “hold” rating in a research note on Saturday, April 21st. Zacks Investment Research cut shares of First Bank from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, March 13th.
Shares of First Bank traded up $0.10, reaching $13.95, during trading on Monday, MarketBeat.com reports. The company had a trading volume of 13,594 shares, compared to its average volume of 20,212. The firm has a market capitalization of $241.51 million, a price-to-earnings ratio of 19.38 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 announced its quarterly earnings data on Monday, April 23rd. The bank reported $0.23 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.25 by ($0.02). The firm had revenue of $13.12 million for the quarter, compared to the consensus estimate of $12.85 million. research analysts forecast that First Bank will post 1.07 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 25th. Stockholders of record on Friday, May 11th will be paid a $0.03 dividend. The ex-dividend date is Thursday, May 10th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.86%. First Bank’s dividend payout ratio (DPR) is 16.67%.
Institutional investors have recently made changes to their positions in the company. Girard Partners LTD. purchased a new stake in shares of First Bank in the 4th quarter valued at $139,000. Monashee Investment Management LLC purchased a new stake in First Bank during the 4th quarter valued at $163,000. Wells Fargo & Company MN boosted its position in First Bank by 252.9% during the 4th quarter. Wells Fargo & Company MN now owns 11,769 shares of the bank’s stock valued at $163,000 after buying an additional 8,434 shares during the period. Bank of New York Mellon Corp purchased a new stake in First Bank during the 4th quarter valued at $175,000. Finally, Goldman Sachs Group Inc. purchased a new stake in First Bank during the 4th quarter valued at $177,000. 42.24% of the stock is owned by institutional investors.
About First Bank
First Bank provides various banking products and services to individuals, businesses, and governmental entities. 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.
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