Somewhat Critical Press Coverage Somewhat Unlikely to Affect First Bank (FRBA) Stock Price
Media coverage about First Bank (NASDAQ:FRBA) has been trending somewhat negative on Thursday, according to Alpha One. The research group, a unit of Accern, ranks the sentiment of media coverage by monitoring more than twenty million blog and news sources in real-time. Alpha One ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. First Bank earned a coverage optimism score of -0.06 on Alpha One’s scale. Alpha One also gave media stories about the bank an impact score of 43 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
Here are some of the media stories that may have effected AlphaOne’s analysis:
- Edited Transcript of FRBA earnings conference call or presentation 25-Apr-17 7:00pm GMT (finance.yahoo.com)
- First Bank (FRBA) Downgraded by Zacks Investment Research (americanbankingnews.com)
- Favorable Media Coverage Unlikely to Affect First Bank (FRBA) Stock Price (americanbankingnews.com)
- Idaho First Bank reports Q1 results (seekingalpha.com)
- First Bank (FRBA) Getting Positive Media Coverage, Analysis Finds (americanbankingnews.com)
Separately, Zacks Investment Research lowered First Bank from a “strong-buy” rating to a “hold” rating in a research report on Monday.
Shares of First Bank (NASDAQ:FRBA) traded down 0.39% during mid-day trading on Thursday, reaching $12.85. The company’s stock had a trading volume of 20,713 shares. First Bank has a 12 month low of $6.68 and a 12 month high of $14.80. The company has a 50-day moving average of $12.50 and a 200-day moving average of $11.78. The company has a market cap of $147.06 million, a P/E ratio of 21.07 and a beta of 0.47.
First Bank (NASDAQ:FRBA) last announced its earnings results on Monday, April 24th. The bank reported $0.17 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.18 by $0.01. First Bank had a net margin of 16.03% and a return on equity of 0.81%. The business had revenue of $8.56 million for the quarter, compared to the consensus estimate of $8.45 million. Equities research analysts forecast that First Bank will post $0.77 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, May 30th. Shareholders of record on Wednesday, May 10th will be paid a dividend of $0.02 per share. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.62%. The ex-dividend date is Monday, May 8th. First Bank’s dividend payout ratio is 13.11%.
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About First Bank
First Bank is a commercial bank. The Company provides a range of lending, deposit and other financial products and services. It operates through Community Banking segment, which is engaged in providing a range of commercial and retail and related banking services. It offers a range of lending products to meet the needs of its customers located within its market areas, including commercial and industrial loans, commercial real estate loans (including owner-occupied, investor, construction and development and multi-family loans), residential real estate loans, and consumer and other loans.
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