DA Davidson Analysts Boost Earnings Estimates for First Bank

First Bank (NASDAQ:FRBA - Free Report) - DA Davidson boosted their FY2025 EPS estimates for shares of First Bank in a report issued on Tuesday, January 28th. DA Davidson analyst M. Navas now anticipates that the bank will post earnings per share of $1.85 for the year, up from their previous forecast of $1.60. The consensus estimate for First Bank's current full-year earnings is $1.78 per share.

First Bank (NASDAQ:FRBA - Get Free Report) last issued its quarterly earnings results on Thursday, January 23rd. The bank reported $0.42 earnings per share for the quarter, beating the consensus estimate of $0.39 by $0.03. First Bank had a return on equity of 11.06% and a net margin of 18.41%.

Several other brokerages also recently issued reports on FRBA. Piper Sandler reaffirmed an "overweight" rating and issued a $17.00 price objective (down previously from $18.00) on shares of First Bank in a research report on Wednesday, October 30th. StockNews.com lowered shares of First Bank from a "buy" rating to a "hold" rating in a report on Monday, January 27th.

First Bank Trading Down 1.4 %

Shares of NASDAQ FRBA traded down $0.22 during trading on Thursday, hitting $14.99. 102,105 shares of the company traded hands, compared to its average volume of 53,324. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.66. First Bank has a 1 year low of $11.20 and a 1 year high of $15.87. The firm has a market capitalization of $293.35 million, a P/E ratio of 8.98 and a beta of 0.95. The company has a 50-day moving average price of $14.30 and a 200-day moving average price of $14.65.

First Bank Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, February 21st. Stockholders of record on Friday, February 7th will be given a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.60%. The ex-dividend date is Friday, February 7th. First Bank's payout ratio is 14.37%.

Institutional Trading of First Bank

Several hedge funds have recently made changes to their positions in the stock. FNY Investment Advisers LLC acquired a new position in shares of First Bank during the fourth quarter valued at $98,000. SG Americas Securities LLC bought a new stake in shares of First Bank during the third quarter valued at approximately $113,000. Hsbc Holdings PLC acquired a new position in shares of First Bank during the second quarter worth approximately $162,000. Fourthstone LLC bought a new position in First Bank in the 3rd quarter worth approximately $199,000. Finally, GSA Capital Partners LLP acquired a new stake in First Bank in the 3rd quarter valued at approximately $294,000. Institutional investors own 64.86% of the company's stock.

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.