First Bank (FRBA) To Go Ex-Dividend on May 8th

First Bank (NASDAQ:FRBA) announced a quarterly dividend on Tuesday, April 21st. Investors of record on Friday, May 8th will be given a dividend of 0.09 per share by the bank on Friday, May 22nd. This represents a c) annualized dividend and a yield of 2.4%. The ex-dividend date of this dividend is Friday, May 8th.

First Bank has raised its dividend by an average of 0.1%annually over the last three years. First Bank has a dividend payout ratio of 19.8% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect First Bank to earn $1.77 per share next year, which means the company should continue to be able to cover its $0.36 annual dividend with an expected future payout ratio of 20.3%.

First Bank Price Performance

Shares of FRBA opened at $15.01 on Wednesday. First Bank has a 52-week low of $14.21 and a 52-week high of $18.11. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.11 and a current ratio of 1.11. The business’s 50 day moving average price is $16.04 and its two-hundred day moving average price is $16.27. The firm has a market cap of $376.75 million, a PE ratio of 8.96 and a beta of 0.54.

First Bank (NASDAQ:FRBA) last posted its quarterly earnings results on Monday, April 27th. The bank reported $0.30 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.47 by ($0.17). The business had revenue of $36.39 million for the quarter, compared to the consensus estimate of $36.99 million. First Bank had a return on equity of 9.69% and a net margin of 17.02%. On average, equities analysts anticipate that First Bank will post 1.56 EPS for the current year.

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. 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.