First Bank (NASDAQ:FRBA) Expected to Announce Earnings of $0.35 Per Share


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Brokerages expect First Bank (NASDAQ:FRBA) to announce $0.35 earnings per share for the current fiscal quarter, Zacks reports. Two analysts have provided estimates for First Bank’s earnings, with the highest EPS estimate coming in at $0.37 and the lowest estimate coming in at $0.34. First Bank posted earnings of $0.15 per share in the same quarter last year, which suggests a positive year-over-year growth rate of 133.3%. The business is scheduled to issue its next earnings results after the market closes on Monday, April 26th.

According to Zacks, analysts expect that First Bank will report full-year earnings of $1.22 per share for the current fiscal year, with EPS estimates ranging from $1.20 to $1.26. For the next fiscal year, analysts forecast that the company will report earnings of $1.22 per share, with EPS estimates ranging from $1.13 to $1.39. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side research firms that follow First Bank.

First Bank (NASDAQ:FRBA) last released its earnings results on Thursday, January 28th. The bank reported $0.31 EPS for the quarter, meeting the consensus estimate of $0.31. First Bank had a net margin of 19.27% and a return on equity of 8.29%. The firm had revenue of $21.04 million for the quarter, compared to analyst estimates of $19.75 million.

A number of research firms have recently weighed in on FRBA. Zacks Investment Research downgraded shares of First Bank from a “strong-buy” rating to a “hold” rating in a research note on Tuesday. TheStreet downgraded shares of First Bank from a “b-” rating to a “c+” rating in a research note on Thursday, January 21st.

FRBA opened at $11.52 on Thursday. The company’s 50 day moving average is $11.77 and its 200-day moving average is $9.53. First Bank has a 1-year low of $6.00 and a 1-year high of $13.23. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.97. The company has a market cap of $216.12 million, a P/E ratio of 12.52 and a beta of 0.91.

The company also recently declared a quarterly dividend, which was paid on Friday, February 26th. Stockholders of record on Friday, February 12th were given a $0.03 dividend. The ex-dividend date of this dividend was Thursday, February 11th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 1.04%. First Bank’s dividend payout ratio (DPR) is currently 16.22%.

Hedge funds and other institutional investors have recently modified their holdings of the company. Citigroup Inc. lifted its position in shares of First Bank by 310.1% in the 4th quarter. Citigroup Inc. now owns 3,158 shares of the bank’s stock worth $30,000 after purchasing an additional 2,388 shares during the period. Squarepoint Ops LLC bought a new stake in shares of First Bank in the 4th quarter valued at $106,000. PL Capital Advisors LLC bought a new stake in shares of First Bank in the 4th quarter valued at $133,000. Philadelphia Trust Co. bought a new stake in shares of First Bank in the 4th quarter valued at $141,000. Finally, Zebra Capital Management LLC bought a new stake in shares of First Bank in the 3rd quarter valued at $102,000. Hedge funds and other institutional investors own 44.15% of the company’s stock.

About First Bank

First Bank provides various banking products and services to individuals, businesses, and governmental entities. 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.

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Earnings History and Estimates for First Bank (NASDAQ:FRBA)

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