First Bank (NASDAQ:FRBA) Shares Acquired by JPMorgan Chase & Co.

JPMorgan Chase & Co. raised its holdings in shares of First Bank (NASDAQ:FRBA - Free Report) by 217.7% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 36,112 shares of the bank's stock after acquiring an additional 24,746 shares during the quarter. JPMorgan Chase & Co. owned approximately 0.18% of First Bank worth $549,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. SG Americas Securities LLC purchased a new position in First Bank in the third quarter worth about $113,000. Fourthstone LLC purchased a new position in First Bank in the third quarter worth about $199,000. GSA Capital Partners LLP purchased a new position in First Bank in the third quarter worth about $294,000. Barclays PLC grew its position in First Bank by 64.7% in the third quarter. Barclays PLC now owns 52,462 shares of the bank's stock worth $797,000 after acquiring an additional 20,602 shares in the last quarter. Finally, Inspire Investing LLC purchased a new position in First Bank in the third quarter worth about $827,000. 64.86% of the stock is owned by institutional investors.

First Bank Trading Down 0.1 %

Shares of NASDAQ:FRBA traded down $0.02 during trading hours on Friday, hitting $15.20. 25,880 shares of the company's stock traded hands, compared to its average volume of 49,309. First Bank has a 1 year low of $11.20 and a 1 year high of $15.87. The business has a fifty day moving average price of $14.40 and a 200-day moving average price of $14.69. The firm has a market capitalization of $297.46 million, a P/E ratio of 9.10 and a beta of 0.95. 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 announced 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 return on equity of 11.06% and a net margin of 18.41%. Equities analysts expect that First Bank will post 1.78 earnings per share for the current year.

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 paid a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a dividend yield of 1.58%. The ex-dividend date of this dividend is Friday, February 7th. First Bank's dividend payout ratio is presently 14.37%.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the company. StockNews.com lowered First Bank from a "buy" rating to a "hold" rating in a research report on Monday, January 27th. 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.

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.