First Bank (NASDAQ:FRBA) Issues Quarterly Earnings Results

First Bank (NASDAQ:FRBA - Get Free Report) released its quarterly earnings results on Tuesday. The bank reported $0.37 EPS for the quarter, missing the consensus estimate of $0.39 by ($0.02), Zacks reports. The business had revenue of $33.95 million during the quarter, compared to analyst estimates of $33.52 million. First Bank had a net margin of 18.41% and a return on equity of 11.06%. During the same quarter in the prior year, the company earned $0.49 earnings per share.

First Bank Trading Down 0.1 %

Shares of FRBA traded down $0.02 during midday trading on Friday, hitting $13.89. The stock had a trading volume of 80,906 shares, compared to its average volume of 48,682. The firm has a market cap of $271.83 million, a P/E ratio of 8.32 and a beta of 0.76. The business has a 50-day simple moving average of $14.37 and a two-hundred day simple moving average of $14.51. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.66. First Bank has a fifty-two week low of $11.20 and a fifty-two week high of $15.87.

First Bank Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 23rd. Stockholders of record on Friday, May 9th will be paid a $0.06 dividend. The ex-dividend date is Friday, May 9th. This represents a $0.24 annualized dividend and a dividend yield of 1.73%. First Bank's dividend payout ratio is currently 14.37%.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on FRBA shares. Hovde Group raised their target price on shares of First Bank from $17.00 to $17.50 and gave the stock an "outperform" rating in a research report on Thursday. StockNews.com lowered shares of First Bank from a "buy" rating to a "hold" rating in a research note on Monday, January 27th.

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.