First Bank (NASDAQ:FRBA)’s stock price passed below its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $10.77 and traded as low as $10.68. First Bank shares last traded at $10.68, with a volume of 311 shares trading hands.
Separately, ValuEngine upgraded First Bank from a “sell” rating to a “hold” rating in a report on Wednesday, October 2nd.
The company has a debt-to-equity ratio of 0.88, a current ratio of 1.13 and a quick ratio of 1.13. The stock’s 50 day simple moving average is $10.78 and its two-hundred day simple moving average is $11.03. The stock has a market cap of $203.17 million, a P/E ratio of 14.25 and a beta of 0.39.
First Bank (NASDAQ:FRBA) last released its quarterly earnings results on Wednesday, October 30th. The bank reported $0.18 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.20 by ($0.02). First Bank had a net margin of 16.75% and a return on equity of 7.16%. The company had revenue of $14.88 million during the quarter.
The business also recently disclosed a quarterly dividend, which was paid on Friday, November 22nd. Investors of record on Friday, November 8th were given a $0.03 dividend. The ex-dividend date was Thursday, November 7th. This represents a $0.12 annualized dividend and a yield of 1.12%.
A number of hedge funds and other institutional investors have recently made changes to their positions in FRBA. State Street Corp raised its stake in shares of First Bank by 3.8% in the 3rd quarter. State Street Corp now owns 307,124 shares of the bank’s stock valued at $3,326,000 after purchasing an additional 11,166 shares during the period. Patriot Financial Partners GP LP grew its holdings in shares of First Bank by 8.6% during the third quarter. Patriot Financial Partners GP LP now owns 1,263,477 shares of the bank’s stock worth $13,683,000 after buying an additional 100,000 shares in the last quarter. First Trust Advisors LP grew its holdings in shares of First Bank by 23.8% during the third quarter. First Trust Advisors LP now owns 34,527 shares of the bank’s stock worth $374,000 after buying an additional 6,632 shares in the last quarter. Russell Investments Group Ltd. raised its position in First Bank by 740.8% in the 3rd quarter. Russell Investments Group Ltd. now owns 10,089 shares of the bank’s stock valued at $109,000 after buying an additional 8,889 shares during the last quarter. Finally, Rhumbline Advisers grew its stake in shares of First Bank by 10.8% during the 3rd quarter. Rhumbline Advisers now owns 25,155 shares of the bank’s stock worth $272,000 after acquiring an additional 2,459 shares in the last quarter. 48.24% of the stock is owned by hedge funds and other institutional investors.
About First Bank (NASDAQ:FRBA)
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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