Foundry Partners LLC Buys 25,965 Shares of First Bank (NASDAQ:FRBA)

Foundry Partners LLC raised its position in shares of First Bank (NASDAQ:FRBA - Free Report) by 22.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 143,350 shares of the bank's stock after buying an additional 25,965 shares during the period. Foundry Partners LLC owned about 0.73% of First Bank worth $2,017,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Picton Mahoney Asset Management bought a new position in First Bank in the 4th quarter valued at $31,000. FNY Investment Advisers LLC bought a new position in shares of First Bank in the fourth quarter valued at about $98,000. SG Americas Securities LLC lifted its position in First Bank by 26.7% during the 4th quarter. SG Americas Securities LLC now owns 9,419 shares of the bank's stock worth $133,000 after buying an additional 1,982 shares in the last quarter. Bailard Inc. bought a new stake in First Bank during the 4th quarter worth about $398,000. Finally, Rhumbline Advisers increased its position in First Bank by 2.4% in the 4th quarter. Rhumbline Advisers now owns 30,535 shares of the bank's stock valued at $430,000 after acquiring an additional 730 shares in the last quarter. Institutional investors own 64.86% of the company's stock.

First Bank Trading Down 5.9 %

Shares of FRBA stock traded down $0.82 on Thursday, reaching $13.08. 15,701 shares of the stock were exchanged, compared to its average volume of 48,552. The stock has a 50 day moving average price of $14.82 and a 200 day moving average price of $14.62. The stock has a market cap of $255.98 million, a PE ratio of 7.81 and a beta of 0.76. First Bank has a one year low of $11.20 and a one 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.

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

First Bank Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, February 21st. Shareholders of record on Friday, February 7th were given a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a dividend yield of 1.83%. The ex-dividend date of this dividend was Friday, February 7th. First Bank's payout ratio is 14.37%.

Analyst Upgrades and Downgrades

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

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.