First Bank (NASDAQ:FRBA) Announces Earnings Results

First Bank (NASDAQ:FRBA) issued its quarterly earnings results on Thursday. The bank reported $0.42 EPS for the quarter, beating analysts’ consensus estimates of $0.39 by $0.03, Zacks reports. First Bank had a net margin of 18.19% and a return on equity of 11.65%.

First Bank Trading Up 1.4 %

Shares of NASDAQ:FRBA traded up $0.19 during trading on Thursday, reaching $13.94. 43,072 shares of the company traded hands, compared to its average volume of 46,585. The firm has a market capitalization of $272.81 million, a price-to-earnings ratio of 8.77 and a beta of 0.95. First Bank has a 52-week low of $11.20 and a 52-week high of $15.87. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.66. The business’s fifty day moving average is $14.26 and its 200-day moving average is $14.56.

First Bank Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 22nd. Stockholders of record on Friday, November 8th were paid a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.72%. The ex-dividend date was Friday, November 8th. First Bank’s dividend payout ratio (DPR) is presently 15.09%.

Analyst Ratings Changes

FRBA has been the topic of a number of recent research reports. Piper Sandler reiterated an “overweight” rating and set a $17.00 price target (down from $18.00) on shares of First Bank in a research report on Wednesday, October 30th. StockNews.com raised First Bank from a “hold” rating to a “buy” rating in a research note on Sunday, December 29th.

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.