Shares of First Bank (NASDAQ:FRBA) have earned an average broker rating score of 1.67 (Buy) from the three analysts that cover the stock, Zacks Investment Research reports. One equities research analyst has rated the stock with a hold rating and two have assigned a strong buy rating to the company.
Brokerages have set a 1 year consensus price target of $15.50 for the company and are anticipating that the company will post $0.22 EPS for the current quarter, according to Zacks. Zacks has also given First Bank an industry rank of 20 out of 265 based on the ratings given to related companies.
FRBA has been the subject of a number of recent analyst reports. Zacks Investment Research upgraded shares of First Bank from a “hold” rating to a “strong-buy” rating and set a $17.00 price target for the company in a research report on Friday, January 12th. Sandler O’Neill upgraded shares of First Bank from a “hold” rating to a “buy” rating and set a $15.00 price target for the company in a research report on Wednesday, November 1st. BidaskClub lowered shares of First Bank from a “hold” rating to a “sell” rating in a research report on Saturday, January 20th. Finally, ValuEngine upgraded shares of First Bank from a “hold” rating to a “buy” rating in a research report on Sunday, December 31st.
First Bank (NASDAQ FRBA) opened at $13.85 on Wednesday. The company has a market cap of $241.51, a price-to-earnings ratio of 27.16 and a beta of 0.58. First Bank has a 1 year low of $10.60 and a 1 year high of $14.95.
First Bank (NASDAQ:FRBA) last released its quarterly earnings results on Tuesday, January 30th. The bank reported $0.18 EPS for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.01). The firm had revenue of $12.86 million for the quarter, compared to analysts’ expectations of $12.60 million. analysts forecast that First Bank will post 1.04 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, February 23rd. Investors of record on Friday, February 9th will be given a $0.03 dividend. The ex-dividend date is Thursday, February 8th. This is a positive change from First Bank’s previous quarterly dividend of $0.02. This represents a $0.12 annualized dividend and a yield of 0.87%. First Bank’s payout ratio is 23.53%.
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
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.