First Bank (FRBA) to Release Quarterly Earnings on Monday
First Bank (NASDAQ:FRBA) is set to announce its earnings results after the market closes on Monday, October 30th. Analysts expect the company to announce earnings of $0.15 per share for the quarter.
First Bank (FRBA) traded down 0.76% on Monday, hitting $13.00. The stock had a trading volume of 7,140 shares. The stock’s 50-day moving average is $12.79 and its 200 day moving average is $12.42. The firm has a market capitalization of $195.20 million, a price-to-earnings ratio of 20.41 and a beta of 0.60. First Bank has a 1-year low of $8.60 and a 1-year high of $14.80.
A hedge fund recently bought a new stake in First Bank stock. State Street Corp bought a new position in shares of First Bank (NASDAQ:FRBA) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 36,536 shares of the bank’s stock, valued at approximately $426,000. State Street Corp owned 0.24% of First Bank as of its most recent SEC filing. 43.31% of the stock is owned by institutional investors.
COPYRIGHT VIOLATION NOTICE: This piece was published by American Banking News and is the sole property of of American Banking News. If you are viewing this piece on another domain, it was illegally copied and reposted in violation of United States & international copyright law. The legal version of this piece can be accessed at https://www.americanbankingnews.com/2017/10/23/first-bank-frba-to-release-quarterly-earnings-on-monday.html.
A number of brokerages recently issued reports on FRBA. Zacks Investment Research upgraded First Bank from a “sell” rating to a “strong-buy” rating and set a $15.00 price target for the company in a report on Tuesday, August 1st. Sandler O’Neill set a $14.00 price target on First Bank and gave the company a “hold” rating in a report on Wednesday, October 11th.
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.
Receive News & Ratings for First Bank Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for First Bank and related companies with MarketBeat.com's FREE daily email newsletter.