First Bank (FRBA) Projected to Post Earnings on Thursday

First Bank (NASDAQ:FRBA - Get Free Report) is expected to be posting its quarterly earnings results after the market closes on Thursday, January 23rd. Analysts expect First Bank to post earnings of $0.39 per share and revenue of $32,843.67 billion for the quarter.

First Bank (NASDAQ:FRBA - Get Free Report) last released its quarterly earnings results on Wednesday, October 23rd. The bank reported $0.34 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.40 by ($0.06). The firm had revenue of $58.64 million during the quarter, compared to the consensus estimate of $32.96 million. First Bank had a net margin of 18.19% and a return on equity of 11.80%. During the same quarter last year, the firm earned $0.42 earnings per share. On average, analysts expect First Bank to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

First Bank Stock Performance

FRBA stock traded down $0.12 during trading hours on Thursday, hitting $13.69. 27,661 shares of the stock were exchanged, compared to its average volume of 48,146. The company has a 50-day simple moving average of $14.35 and a two-hundred day simple moving average of $14.51. The firm has a market capitalization of $267.90 million, a P/E ratio of 8.61 and a beta of 0.95. First Bank has a 12 month low of $11.20 and a 12 month high of $15.87. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 0.55.

First Bank Announces Dividend

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

Analyst Ratings Changes

A number of brokerages have issued reports on FRBA. Piper Sandler restated an "overweight" rating and set a $17.00 target price (down previously from $18.00) on shares of First Bank in a research report on Wednesday, October 30th. StockNews.com raised First Bank from a "hold" rating to a "buy" rating in a research report on Sunday, December 29th.

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.