What is DA Davidson's Forecast for First Bank Q4 Earnings?

First Bank (NASDAQ:FRBA - Free Report) - Equities researchers at DA Davidson issued their Q4 2024 EPS estimates for First Bank in a research note issued to investors on Tuesday, October 29th. DA Davidson analyst M. Navas forecasts that the bank will earn $0.38 per share for the quarter. The consensus estimate for First Bank's current full-year earnings is $1.70 per share. DA Davidson also issued estimates for First Bank's FY2025 earnings at $1.65 EPS.

FRBA has been the subject of several other research reports. 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. StockNews.com downgraded First Bank from a "buy" rating to a "hold" rating in a research report on Friday, July 19th.

First Bank Stock Performance

Shares of NASDAQ:FRBA traded up $0.20 during trading on Wednesday, hitting $14.40. 26,184 shares of the stock were exchanged, compared to its average volume of 48,172. First Bank has a 1-year low of $10.80 and a 1-year high of $15.87. The company has a market capitalization of $281.79 million, a price-to-earnings ratio of 12.74 and a beta of 0.93. The company's fifty day simple moving average is $15.00 and its 200-day simple moving average is $13.64. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.08 and a current ratio of 1.08.

First Bank (NASDAQ:FRBA - Get Free Report) last announced its earnings results on Wednesday, October 23rd. The bank reported $0.34 earnings per share for the quarter, missing the consensus estimate of $0.40 by ($0.06). The business had revenue of $58.64 million for the quarter, compared to the consensus estimate of $32.96 million. First Bank had a net margin of 14.48% and a return on equity of 12.38%. During the same quarter in the previous year, the company earned $0.42 EPS.

Institutional Trading of First Bank

Several institutional investors and hedge funds have recently bought and sold shares of the business. Inspire Investing LLC acquired a new position in shares of First Bank in the third quarter valued at approximately $827,000. Vanguard Group Inc. boosted its holdings in shares of First Bank by 0.6% in the 1st quarter. Vanguard Group Inc. now owns 1,208,998 shares of the bank's stock valued at $16,612,000 after purchasing an additional 7,413 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of First Bank by 4.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 834,690 shares of the bank's stock valued at $10,633,000 after purchasing an additional 38,256 shares in the last quarter. Allspring Global Investments Holdings LLC bought a new position in shares of First Bank in the 2nd quarter valued at $71,000. Finally, Quadrature Capital Ltd bought a new position in shares of First Bank in the 1st quarter valued at $283,000. Institutional investors own 64.86% of the company's stock.

First Bank Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, November 22nd. Investors of record on Friday, November 8th will be issued a dividend of $0.06 per share. The ex-dividend date of this dividend is Friday, November 8th. This represents a $0.24 annualized dividend and a yield of 1.67%. First Bank's payout ratio is presently 21.24%.

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.