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NASDAQ:FRBA

First Bank (FRBA) Stock Price, News & Analysis

$14.71 -0.13 (-0.88%)
(As of 11/15/2024 ET)

About First Bank Stock (NASDAQ:FRBA)

Key Stats

Today's Range
$14.62
$14.95
50-Day Range
$13.87
$15.80
52-Week Range
$11.20
$15.87
Volume
30,680 shs
Average Volume
45,699 shs
Market Capitalization
$287.87 million
P/E Ratio
9.25
Dividend Yield
1.63%
Price Target
$17.00
Consensus Rating
Buy

Company Overview

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. It also offers various loan products comprising commercial and industrial loans, which include line of credit, inventory, equipment, and short-term working capital financing; commercial real estate loans, such as owner-occupied, investor, construction and development, and multi-family loans; residential real estate loans comprising residential mortgages, first and second lien home equity loans, and revolving lines of credit; and consumer and other loans consists of auto, personal, traditional installment, and other loans. The company also provides electronic banking services, including Internet and mobile banking, electronic bill payment, and banking by phone; ATM and debit cards, and wire and ACH transfer services; remote deposit capture; and cash management services, as well as engages in the capital markets activities. It operates full-service branches in Cinnaminson, Delanco, Denville, Ewing, Fairfield, Flemington, Hamilton, Lawrence, Monroe, Pennington, Randolph, Somerset, and Williamstown, New Jersey; Doylestown, Trevose, Warminster, and West Chester, Paoli, Malvern, Coventry, Devon, Lionville, and Glen Mills Pennsylvania; and Palm Beach, Florida. First Bank was incorporated in 2007 and is headquartered in Hamilton, New Jersey.

First Bank Stock Analysis - MarketRank™

See Top Rated MarketRank™ Stocks
85th Percentile Overall Score

FRBA MarketRank™: 

First Bank scored higher than 85% of companies evaluated by MarketBeat, and ranked 224th out of 963 stocks in the finance sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • Consensus Rating

    First Bank has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 1 buy rating, no hold ratings, and no sell ratings.

  • Amount of Analyst Coverage

    First Bank has only been the subject of 1 research reports in the past 90 days.

  • Read more about First Bank's stock forecast and price target.
  • Earnings Growth

    Earnings for First Bank are expected to grow by 0.61% in the coming year, from $1.65 to $1.66 per share.

  • Price to Earnings Ratio vs. the Market

    The P/E ratio of First Bank is 9.25, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 110.97.

  • Price to Earnings Ratio vs. Sector

    The P/E ratio of First Bank is 9.25, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 26.18.

  • Price to Book Value per Share Ratio

    First Bank has a P/B Ratio of 0.78. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

  • Read more about First Bank's valuation and earnings.
  • Percentage of Shares Shorted

    0.19% of the float of First Bank has been sold short.
  • Short Interest Ratio / Days to Cover

    First Bank has a short interest ratio ("days to cover") of 1, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in First Bank has recently decreased by 11.60%, indicating that investor sentiment is improving significantly.
  • Dividend Yield

    First Bank pays a meaningful dividend of 1.63%, higher than the bottom 25% of all stocks that pay dividends.

  • Dividend Growth

    First Bank does not have a long track record of dividend growth.

  • Dividend Coverage

    The dividend payout ratio of First Bank is 15.09%. This payout ratio is at a healthy, sustainable level, below 75%.

  • Dividend Sustainability

    Based on earnings estimates, First Bank will have a dividend payout ratio of 14.46% next year. This indicates that First Bank will be able to sustain or increase its dividend.

  • Read more about First Bank's dividend.
  • Percentage of Shares Shorted

    0.19% of the float of First Bank has been sold short.
  • Short Interest Ratio / Days to Cover

    First Bank has a short interest ratio ("days to cover") of 1, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in First Bank has recently decreased by 11.60%, indicating that investor sentiment is improving significantly.
  • News Sentiment

    First Bank has a news sentiment score of 0.90. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.68 average news sentiment score of Finance companies.
  • News Coverage This Week

    MarketBeat has tracked 4 news articles for First Bank this week, compared to 2 articles on an average week.
  • Insider Buying vs. Insider Selling

    In the past three months, First Bank insiders have not sold or bought any company stock.

  • Percentage Held by Insiders

    13.13% of the stock of First Bank is held by insiders. A high percentage of insider ownership can be a sign of company health.

  • Percentage Held by Institutions

    64.86% of the stock of First Bank is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

  • Read more about First Bank's insider trading history.
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FRBA Stock News Headlines

This company will win the AI race
Rome wasn’t built in a day… But there is another lesser-known type of keystone, one that plays an equally critical role in supporting the most revolutionary technology the world’s ever seen… artificial intelligence. And without it, the entire AI industry would collapse.
First Bank price target lowered to $17 from $18 at Piper Sandler
D.A. Davidson Remains a Buy on First Bank (FRBA)
See More Headlines

FRBA Stock Analysis - Frequently Asked Questions

First Bank's stock was trading at $14.70 at the beginning of the year. Since then, FRBA shares have increased by 0.1% and is now trading at $14.71.
View the best growth stocks for 2024 here
.

First Bank (NASDAQ:FRBA) released its quarterly earnings results on Wednesday, October, 23rd. The bank reported $0.34 earnings per share for the quarter, missing analysts' consensus estimates of $0.40 by $0.06. The bank earned $58.64 million during the quarter, compared to analysts' expectations of $32.96 million. First Bank had a net margin of 18.19% and a trailing twelve-month return on equity of 11.80%.

Top institutional shareholders of First Bank include Wellington Management Group LLP (4.27%), Geode Capital Management LLC (2.40%), State Street Corp (1.96%) and IAM Advisory LLC (0.96%).

Shares of FRBA stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

Based on aggregate information from My MarketBeat watchlists, some other companies that First Bank investors own include Humana (HUM), American Water Works (AWK), Voyager Therapeutics (VYGR), Waste Connections (WCN), The RMR Group (RMR), Southern First Bancshares (SFST) and DiamondRock Hospitality (DRH).

Company Calendar

Ex-Dividend for 8/23 Dividend
8/09/2024
Dividend Payable
8/23/2024
Last Earnings
10/23/2024
Ex-Dividend for 11/22 Dividend
11/08/2024
Today
11/17/2024
Dividend Payable
11/22/2024
Fiscal Year End
12/31/2024
Next Earnings (Estimated)
1/22/2025

Industry, Sector and Symbol

Sector
Finance
Industry
State commercial banks
Sub-Industry
Banking
Current Symbol
NASDAQ:FRBA
CIK
N/A
Fax
N/A
Employees
240
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$17.00
High Stock Price Target
$17.00
Low Stock Price Target
$17.00
Potential Upside/Downside
+15.6%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
1 Analysts

Profitability

Net Income
$20.90 million
Pretax Margin
17.63%

Debt

Sales & Book Value

Annual Sales
$173.30 million
Cash Flow
$1.54 per share
Book Value
$18.95 per share

Miscellaneous

Free Float
17,000,000
Market Cap
$287.87 million
Optionable
Optionable
Beta
0.94
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This page (NASDAQ:FRBA) was last updated on 11/17/2024 by MarketBeat.com Staff
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