First Bank (NASDAQ:FRBA) announced a quarterly dividend on Tuesday, October 17th, NASDAQ reports. Shareholders of record on Friday, November 10th will be given a dividend of 0.02 per share by the bank on Friday, November 24th. This represents a $0.08 annualized dividend and a dividend yield of 0.60%. The ex-dividend date of this dividend is Thursday, November 9th.

First Bank (NASDAQ:FRBA) traded up $0.15 on Friday, hitting $13.25. The company’s stock had a trading volume of 27,449 shares, compared to its average volume of 20,542. The stock has a market cap of $231.04 million, a price-to-earnings ratio of 18.93 and a beta of 0.58.

TRADEMARK VIOLATION WARNING: This report was originally published by American Banking News and is the sole property of of American Banking News. If you are reading this report on another domain, it was copied illegally and reposted in violation of international trademark & copyright laws. The correct version of this report can be read at https://www.americanbankingnews.com/2017/11/04/first-bank-announces-quarterly-dividend-of-0-02-frba.html.

A hedge fund recently bought a new stake in First Bank stock. State Street Corp acquired a new stake in First Bank (NASDAQ:FRBA) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 36,536 shares of the bank’s stock, valued at approximately $426,000. State Street Corp owned approximately 0.24% of First Bank at the end of the most recent reporting period. Institutional investors and hedge funds own 37.30% of the company’s stock.

Several equities analysts have recently weighed in on FRBA shares. Sandler O’Neill set a $14.00 price objective on First Bank and gave the company a “hold” rating in a report on Wednesday, October 11th. Zacks Investment Research cut First Bank from a “strong-buy” rating to a “hold” rating in a report on Tuesday, September 26th.

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.