First Bank (NASDAQ:FRBA) Shares Bought by Segall Bryant & Hamill LLC

Segall Bryant & Hamill LLC boosted its stake in shares of First Bank (NASDAQ:FRBA) by 2.1% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 72,764 shares of the bank’s stock after buying an additional 1,515 shares during the quarter. Segall Bryant & Hamill LLC owned 0.37% of First Bank worth $1,106,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in FRBA. Allspring Global Investments Holdings LLC acquired a new position in First Bank during the second quarter worth about $71,000. SG Americas Securities LLC acquired a new position in First Bank during the third quarter worth about $113,000. BNP Paribas Financial Markets grew its position in shares of First Bank by 88.0% in the first quarter. BNP Paribas Financial Markets now owns 10,013 shares of the bank’s stock valued at $138,000 after purchasing an additional 4,688 shares during the last quarter. Hsbc Holdings PLC acquired a new stake in shares of First Bank in the second quarter valued at approximately $162,000. Finally, Bryn Mawr Capital Management LLC grew its position in shares of First Bank by 1,377.1% in the second quarter. Bryn Mawr Capital Management LLC now owns 21,935 shares of the bank’s stock valued at $279,000 after purchasing an additional 20,450 shares during the last quarter. 64.86% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts have recently commented on FRBA shares. Piper Sandler reiterated an “overweight” rating and issued a $17.00 price target (down from $18.00) on shares of First Bank in a research report on Wednesday, October 30th. StockNews.com lowered shares of First Bank from a “buy” rating to a “hold” rating in a research report on Friday, November 15th.

First Bank Stock Up 2.1 %

FRBA stock opened at $14.80 on Friday. First Bank has a 12 month low of $11.20 and a 12 month high of $15.87. The company’s 50 day simple moving average is $14.84 and its 200-day simple moving average is $13.94. The firm has a market capitalization of $289.64 million, a PE ratio of 9.31 and a beta of 0.94. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.08 and a quick ratio of 1.08.

First Bank (NASDAQ:FRBA) last announced its earnings results on Wednesday, October 23rd. The bank reported $0.34 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.06). First Bank had a return on equity of 11.80% and a net margin of 18.19%. The firm had revenue of $58.64 million for the quarter, compared to analyst estimates of $32.96 million. During the same quarter last year, the business posted $0.42 EPS. Equities analysts expect that First Bank will post 1.65 earnings per share for the current fiscal year.

First Bank Dividend Announcement

The company also recently announced 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. The ex-dividend date was Friday, November 8th. This represents a $0.24 dividend on an annualized basis and a yield of 1.62%. First Bank’s dividend payout ratio (DPR) is currently 15.09%.

First Bank 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.