FY2025 EPS Estimates for First Bank Decreased by DA Davidson

First Bank (NASDAQ:FRBA - Free Report) - Stock analysts at DA Davidson dropped their FY2025 earnings estimates for shares of First Bank in a note issued to investors on Thursday, December 19th. DA Davidson analyst M. Navas now anticipates that the bank will post earnings per share of $1.60 for the year, down from their previous forecast of $1.65. The consensus estimate for First Bank's current full-year earnings is $1.65 per share.

First Bank (NASDAQ:FRBA - Get Free Report) last posted its earnings results on Wednesday, October 23rd. The bank reported $0.34 EPS for the quarter, missing analysts' consensus estimates of $0.40 by ($0.06). The firm had revenue of $58.64 million for the quarter, compared to analyst estimates of $32.96 million. First Bank had a return on equity of 11.80% and a net margin of 18.19%. During the same quarter last year, the firm posted $0.42 EPS.

A number of other equities analysts have also recently commented on FRBA. Piper Sandler reaffirmed an "overweight" rating and issued a $17.00 target price (down from $18.00) on shares of First Bank in a report on Wednesday, October 30th. StockNews.com raised shares of First Bank from a "hold" rating to a "buy" rating in a research report on Friday, December 13th.

First Bank Stock Performance

FRBA traded down $0.01 during trading on Friday, hitting $14.00. 184,269 shares of the stock were exchanged, compared to its average volume of 48,750. The firm has a market capitalization of $273.97 million, a P/E ratio of 8.81 and a beta of 0.94. First Bank has a 1-year low of $11.20 and a 1-year high of $15.87. The stock has a fifty day moving average price of $14.74 and a two-hundred day moving average price of $14.26. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 0.55.

First Bank Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, November 22nd. Shareholders of record on Friday, November 8th were paid a $0.06 dividend. The ex-dividend date of this dividend was Friday, November 8th. This represents a $0.24 annualized dividend and a dividend yield of 1.71%. First Bank's dividend payout ratio (DPR) is currently 15.09%.

Hedge Funds Weigh In On First Bank

Several institutional investors have recently bought and sold shares of FRBA. Allspring Global Investments Holdings LLC purchased a new position in First Bank during the second quarter worth about $71,000. SG Americas Securities LLC acquired a new stake in shares of First Bank in the 3rd quarter worth approximately $113,000. Hsbc Holdings PLC purchased a new position in shares of First Bank in the second quarter valued at $162,000. Fourthstone LLC acquired a new stake in First Bank in the 3rd quarter valued at about $199,000. Finally, Bryn Mawr Capital Management LLC raised its position in First Bank by 1,377.1% during the second quarter. Bryn Mawr Capital Management LLC now owns 21,935 shares of the bank's stock worth $279,000 after acquiring an additional 20,450 shares during the last quarter. 64.86% of the stock is owned by institutional investors and hedge funds.

About First Bank

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.