First Bank (FRBA) Set to Announce Quarterly Earnings on Monday

First Bank (NASDAQ:FRBA) is scheduled to be releasing its earnings data after the market closes on Monday, October 22nd. Analysts expect First Bank to post earnings of $0.24 per share for the quarter.

First Bank (NASDAQ:FRBA) last announced its quarterly earnings data on Tuesday, July 24th. The bank reported $0.22 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.26 by ($0.04). The firm had revenue of $14.39 million during the quarter, compared to the consensus estimate of $13.67 million. On average, analysts expect First Bank to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Shares of NASDAQ:FRBA opened at $11.87 on Friday. First Bank has a 1-year low of $11.15 and a 1-year high of $15.00. The company has a market cap of $213.60 million, a PE ratio of 16.49 and a beta of 0.52.

Several equities analysts recently commented on the company. BidaskClub upgraded First Bank from a “sell” rating to a “hold” rating in a research report on Friday, September 7th. Zacks Investment Research upgraded First Bank from a “sell” rating to a “hold” rating in a research report on Thursday, August 30th. Finally, ValuEngine downgraded First Bank from a “hold” rating to a “sell” rating in a research report on Saturday, September 22nd.

An institutional investor recently raised its position in First Bank stock. Bank of New York Mellon Corp increased its stake in shares of First Bank (NASDAQ:FRBA) by 294.8% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 51,992 shares of the bank’s stock after buying an additional 38,823 shares during the quarter. Bank of New York Mellon Corp owned 0.30% of First Bank worth $723,000 at the end of the most recent reporting period. Institutional investors own 50.13% of the company’s stock.

First Bank Company Profile

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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Earnings History for First Bank (NASDAQ:FRBA)

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