First Bank (NASDAQ:FRBA) has been given a $14.00 price target by Sandler O’Neill in a research report issued to clients and investors on Wednesday. The brokerage currently has a “hold” rating on the bank’s stock. Sandler O’Neill’s target price indicates a potential upside of 10.24% from the stock’s current price.

Separately, Zacks Investment Research lowered First Bank from a “hold” rating to a “sell” rating in a research note on Tuesday, July 4th.

Shares of First Bank (NASDAQ:FRBA) remained flat at $12.70 during mid-day trading on Wednesday. The stock had a trading volume of 203 shares. The company has a market cap of $190.54 million, a price-to-earnings ratio of 19.94 and a beta of 0.60. First Bank has a 1-year low of $8.51 and a 1-year high of $14.80. The stock has a 50-day moving average of $12.63 and a 200-day moving average of $12.36.

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Several institutional investors have recently made changes to their positions in the stock. Navellier & Associates Inc increased its stake in shares of First Bank by 15.0% in the 2nd quarter. Navellier & Associates Inc now owns 11,500 shares of the bank’s stock valued at $134,000 after purchasing an additional 1,500 shares in the last quarter. State Street Corp purchased a new position in shares of First Bank in the 2nd quarter valued at about $426,000. Punch & Associates Investment Management Inc. increased its stake in shares of First Bank by 32.1% in the 2nd quarter. Punch & Associates Investment Management Inc. now owns 343,000 shares of the bank’s stock valued at $3,996,000 after purchasing an additional 83,300 shares in the last quarter. OxFORD Asset Management LLP increased its stake in shares of First Bank by 94.8% in the 2nd quarter. OxFORD Asset Management LLP now owns 31,124 shares of the bank’s stock valued at $363,000 after purchasing an additional 15,144 shares in the last quarter. Finally, Banc Funds Co. LLC increased its stake in shares of First Bank by 56.9% in the 2nd quarter. Banc Funds Co. LLC now owns 1,364,734 shares of the bank’s stock valued at $15,899,000 after purchasing an additional 495,000 shares in the last quarter. Hedge funds and other institutional investors own 43.31% of the company’s stock.

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, and multi-family loans), residential real estate loans, and consumer and other loans.

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