First Bank (NASDAQ:FRBA) Shares Acquired by Fourthstone LLC

Fourthstone LLC boosted its position in shares of First Bank (NASDAQ:FRBA - Free Report) by 160.6% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 34,100 shares of the bank's stock after acquiring an additional 21,013 shares during the period. Fourthstone LLC owned 0.17% of First Bank worth $480,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Rhumbline Advisers boosted its holdings in shares of First Bank by 2.4% during the 4th quarter. Rhumbline Advisers now owns 30,535 shares of the bank's stock valued at $430,000 after purchasing an additional 730 shares during the last quarter. IAM Advisory LLC grew its position in First Bank by 0.4% in the 4th quarter. IAM Advisory LLC now owns 188,198 shares of the bank's stock valued at $2,648,000 after acquiring an additional 768 shares during the last quarter. SG Americas Securities LLC increased its stake in First Bank by 26.7% in 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 during the period. Charles Schwab Investment Management Inc. raised its stake in shares of First Bank by 3.6% during the third quarter. Charles Schwab Investment Management Inc. now owns 60,582 shares of the bank's stock valued at $921,000 after acquiring an additional 2,103 shares in the last quarter. Finally, Picton Mahoney Asset Management purchased a new stake in shares of First Bank in the 4th quarter worth $31,000. 64.86% of the stock is owned by hedge funds and other institutional investors.

First Bank Stock Up 3.8 %

Shares of NASDAQ FRBA traded up $0.51 during mid-day trading on Tuesday, reaching $14.06. 9,893 shares of the company were exchanged, compared to its average volume of 48,644. The firm has a 50-day moving average of $14.48 and a 200 day moving average of $14.53. First Bank has a 1 year low of $11.20 and a 1 year high of $15.87. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.66. The stock has a market cap of $275.13 million, a price-to-earnings ratio of 8.41 and a beta of 0.76.

First Bank (NASDAQ:FRBA - Get Free Report) last posted its quarterly earnings data on Thursday, January 23rd. The bank reported $0.42 EPS for the quarter, topping 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%. On average, research analysts expect that First Bank will post 1.78 earnings per share for the current year.

First Bank Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 21st. Investors of record on Friday, February 7th were given a $0.06 dividend. This represents a $0.24 annualized dividend and a dividend yield of 1.71%. The ex-dividend date of this dividend was Friday, February 7th. First Bank's payout ratio is currently 14.37%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com lowered shares of First Bank from a "buy" rating to a "hold" rating in a 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.