First Bank (NASDAQ:FRBA) Announces Quarterly Earnings Results

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

First Bank Stock Up 1.4 %

First Bank stock traded up $0.19 during mid-day trading on Thursday, hitting $13.94. The company had a trading volume of 43,072 shares, compared to its average volume of 46,585. First Bank has a 12 month low of $11.20 and a 12 month high of $15.87. The company has a market capitalization of $272.81 million, a PE ratio of 8.77 and a beta of 0.95. The stock’s 50 day moving average price is $14.26 and its two-hundred day moving average price is $14.56. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.66.

First Bank Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. Piper Sandler reiterated an “overweight” rating and issued a $17.00 price objective (down previously from $18.00) on shares of First Bank in a report on Wednesday, October 30th. StockNews.com raised shares of First Bank from a “hold” rating to a “buy” rating in a research report on Sunday, December 29th.

First Bank Company Profile

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.