First Bank (FRBA) to Release Quarterly Earnings on Monday

First Bank (NASDAQ:FRBA) will be releasing its earnings data before the market opens on Monday, April 22nd. Analysts expect First Bank to post earnings of $0.43 per share for the quarter. Persons interested in listening to the company’s earnings conference call can do so using this link.

First Bank (NASDAQ:FRBA) last posted its quarterly earnings data on Wednesday, January 24th. The bank reported $0.49 earnings per share for the quarter, topping the consensus estimate of $0.37 by $0.12. First Bank had a return on equity of 11.21% and a net margin of 12.06%. The firm had revenue of $28.00 million during the quarter, compared to analyst estimates of $30.95 million. On average, analysts expect First Bank to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

First Bank Stock Performance

FRBA stock opened at $12.72 on Friday. First Bank has a 1-year low of $8.59 and a 1-year high of $15.17. The firm has a market cap of $248.93 million, a PE ratio of 12.24 and a beta of 0.87. The stock has a 50-day moving average price of $13.13 and a 200-day moving average price of $12.99. The company has a current ratio of 1.09, a quick ratio of 1.08 and a debt-to-equity ratio of 0.63.

First Bank Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 23rd. Investors of record on Friday, February 9th were given a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a yield of 1.89%. The ex-dividend date of this dividend was Thursday, February 8th. First Bank’s payout ratio is 24.24%.

Institutional Trading of First Bank

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Creative Planning bought a new stake in First Bank in the 3rd quarter valued at about $32,000. Tower Research Capital LLC TRC boosted its stake in First Bank by 403.3% during the 3rd quarter. Tower Research Capital LLC TRC now owns 3,674 shares of the bank’s stock valued at $40,000 after purchasing an additional 2,944 shares during the last quarter. BNP Paribas Arbitrage SA boosted its stake in First Bank by 46.7% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 3,784 shares of the bank’s stock valued at $53,000 after purchasing an additional 1,205 shares during the last quarter. West Tower Group LLC acquired a new position in First Bank during the 4th quarter valued at about $60,000. Finally, BNP Paribas Arbitrage SNC boosted its stake in First Bank by 21.8% during the 3rd quarter. BNP Paribas Arbitrage SNC now owns 4,609 shares of the bank’s stock valued at $63,000 after purchasing an additional 825 shares during the last quarter. 64.86% of the stock is owned by institutional investors.

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.