Bailard Inc. Buys New Holdings in First Bank (NASDAQ:FRBA)

Bailard Inc. purchased a new stake in First Bank (NASDAQ:FRBA - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 28,286 shares of the bank's stock, valued at approximately $398,000. Bailard Inc. owned approximately 0.14% of First Bank as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in FRBA. GSA Capital Partners LLP bought a new stake in shares of First Bank in the 3rd quarter valued at approximately $294,000. Empowered Funds LLC grew its stake in shares of First Bank by 5.3% in the 3rd quarter. Empowered Funds LLC now owns 84,509 shares of the bank's stock valued at $1,285,000 after buying an additional 4,288 shares in the last quarter. Segall Bryant & Hamill LLC grew its stake in shares of First Bank by 2.1% in the 3rd quarter. Segall Bryant & Hamill LLC now owns 72,764 shares of the bank's stock valued at $1,106,000 after buying an additional 1,515 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in First Bank in the 3rd quarter worth approximately $1,159,000. Finally, Foundry Partners LLC lifted its holdings in First Bank by 20.2% in the 3rd quarter. Foundry Partners LLC now owns 117,385 shares of the bank's stock worth $1,784,000 after purchasing an additional 19,735 shares during the last quarter. Institutional investors own 64.86% of the company's stock.

Analysts Set New Price Targets

Separately, StockNews.com lowered First Bank from a "buy" rating to a "hold" rating in a report on Monday, January 27th.

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First Bank Stock Performance

FRBA traded up $0.03 on Friday, hitting $14.97. The company had a trading volume of 35,047 shares, compared to its average volume of 45,418. The company's fifty day moving average price is $14.60 and its 200 day moving average price is $14.74. First Bank has a 1-year low of $11.20 and a 1-year high of $15.87. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.11 and a quick ratio of 1.11. The stock has a market cap of $292.95 million, a price-to-earnings ratio of 8.96 and a beta of 0.95.

First Bank (NASDAQ:FRBA - Get Free Report) last posted its earnings results on Thursday, January 23rd. The bank reported $0.42 earnings per share for the quarter, topping the consensus estimate of $0.39 by $0.03. First Bank had a return on equity of 11.06% and a net margin of 18.41%. Equities analysts predict that First Bank will post 1.78 earnings per share for the current fiscal year.

First Bank Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, February 21st. Stockholders of record on Friday, February 7th were issued a dividend of $0.06 per share. The ex-dividend date was Friday, February 7th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.60%. First Bank's dividend payout ratio (DPR) is presently 14.37%.

First Bank Profile

First Bank provides various banking products and services to small to mid-sized businesses and individuals. 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.