First Bank (NASDAQ:FRBA) Shares Acquired by Barclays PLC

Barclays PLC raised its stake in shares of First Bank (NASDAQ:FRBA - Free Report) by 64.7% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 52,462 shares of the bank's stock after purchasing an additional 20,602 shares during the quarter. Barclays PLC owned about 0.27% of First Bank worth $797,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Wellington Management Group LLP boosted its position in First Bank by 24.0% in the third quarter. Wellington Management Group LLP now owns 835,748 shares of the bank's stock valued at $12,703,000 after buying an additional 161,761 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of First Bank by 4.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 834,690 shares of the bank's stock valued at $10,633,000 after acquiring an additional 38,256 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of First Bank by 1.1% in the third quarter. Geode Capital Management LLC now owns 469,214 shares of the bank's stock worth $7,133,000 after acquiring an additional 5,105 shares during the period. State Street Corp increased its stake in shares of First Bank by 6.2% in the third quarter. State Street Corp now owns 384,047 shares of the bank's stock worth $5,838,000 after acquiring an additional 22,452 shares during the period. Finally, IAM Advisory LLC lifted its position in First Bank by 0.4% during the third quarter. IAM Advisory LLC now owns 187,430 shares of the bank's stock valued at $2,849,000 after purchasing an additional 748 shares during the period. Hedge funds and other institutional investors own 64.86% of the company's stock.

First Bank Stock Performance

Shares of FRBA traded down $0.12 during trading hours on Thursday, hitting $13.69. The stock had a trading volume of 27,661 shares, compared to its average volume of 48,146. The firm has a 50-day moving average price of $14.37 and a 200 day moving average price of $14.52. First Bank has a fifty-two week low of $11.20 and a fifty-two week high of $15.87. The firm has a market capitalization of $267.90 million, a price-to-earnings ratio of 8.61 and a beta of 0.95. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.08 and a current ratio of 1.08.

First Bank (NASDAQ:FRBA - Get Free Report) last issued its quarterly earnings data on Wednesday, October 23rd. The bank reported $0.34 earnings per share for the quarter, missing analysts' consensus estimates of $0.40 by ($0.06). First Bank had a return on equity of 11.80% and a net margin of 18.19%. The firm had revenue of $58.64 million during the quarter, compared to analyst estimates of $32.96 million. During the same quarter last year, the company posted $0.42 EPS. As a group, research analysts anticipate that First Bank will post 1.65 EPS for the current year.

First Bank Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 22nd. Shareholders of record on Friday, November 8th were issued a $0.06 dividend. This represents a $0.24 annualized dividend and a yield of 1.75%. The ex-dividend date of this dividend was Friday, November 8th. First Bank's payout ratio is currently 15.09%.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the company. StockNews.com raised First Bank from a "hold" rating to a "buy" rating in a research report on Sunday, December 29th. Piper Sandler reiterated an "overweight" rating and set a $17.00 price target (down from $18.00) on shares of First Bank in a research report on Wednesday, October 30th.

First Bank Company 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.