Firstbank (NASDAQ:FBMI) declared a quarterly dividend on Tuesday, December 3rd, Analyst Ratings.Net reports. Stockholders of record on Friday, December 13th will be given a dividend of 0.06 per share on Thursday, December 26th. This represents a $0.24 dividend on an annualized basis and a yield of 1.23%.
On the ratings front, analysts at Zacks downgraded shares of Firstbank from an “outperform” rating to a “neutral” rating in a research note to investors on Monday, October 7th. They now have a $21.60 price target on the stock.
Shares of Firstbank (NASDAQ:FBMI) traded down 0.56% on Tuesday, hitting $19.51. 3,568 shares of the company’s stock traded hands. Firstbank has a 1-year low of $7.72 and a 1-year high of $20.25. The stock’s 50-day moving average is $19. and its 200-day moving average is $16.87. The company has a market cap of $157.6 million and a price-to-earnings ratio of 14.01.
Firstbank (NASDAQ:FBMI) last announced its earnings results on Thursday, October 24th. The company reported $0.35 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.37 by $0.02. On average, analysts predict that Firstbank will post $1.44 earnings per share for the current fiscal year.
Firstbank Corporation is a bank holding company. It owns all of the outstanding stock of Firstbank (NASDAQ:FBMI), Firstbank (Mt.
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