Wall Street analysts forecast that First Bank (NASDAQ:FRBA) will report sales of $21.00 million for the current fiscal quarter, Zacks reports. Two analysts have provided estimates for First Bank’s earnings. The lowest sales estimate is $20.30 million and the highest is $21.70 million. First Bank reported sales of $18.21 million during the same quarter last year, which indicates a positive year-over-year growth rate of 15.3%. The firm is expected to report its next earnings results on Monday, July 26th.
On average, analysts expect that First Bank will report full-year sales of $85.50 million for the current fiscal year, with estimates ranging from $83.60 million to $87.40 million. For the next financial year, analysts forecast that the firm will post sales of $85.20 million, with estimates ranging from $83.80 million to $86.60 million. Zacks Investment Research’s sales averages are an average based on a survey of research analysts that that provide coverage for First Bank.
First Bank (NASDAQ:FRBA) last announced its earnings results on Sunday, April 25th. The bank reported $0.49 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.35 by $0.14. First Bank had a return on equity of 8.29% and a net margin of 19.27%.
Several hedge funds have recently bought and sold shares of the company. Strs Ohio raised its position in shares of First Bank by 3.9% in the 4th quarter. Strs Ohio now owns 34,400 shares of the bank’s stock worth $322,000 after acquiring an additional 1,300 shares in the last quarter. Barclays PLC increased its position in First Bank by 5.5% in the 1st quarter. Barclays PLC now owns 31,237 shares of the bank’s stock valued at $380,000 after buying an additional 1,629 shares in the last quarter. Citigroup Inc. increased its position in First Bank by 310.1% in the 4th quarter. Citigroup Inc. now owns 3,158 shares of the bank’s stock valued at $30,000 after buying an additional 2,388 shares in the last quarter. Acadian Asset Management LLC bought a new stake in First Bank in the 1st quarter valued at about $37,000. Finally, Rhumbline Advisers increased its position in First Bank by 14.3% in the 4th quarter. Rhumbline Advisers now owns 26,840 shares of the bank’s stock valued at $252,000 after buying an additional 3,368 shares in the last quarter. 44.15% of the stock is owned by hedge funds and other institutional investors.
NASDAQ:FRBA traded down $0.30 during trading hours on Friday, hitting $13.48. 2,580 shares of the company were exchanged, compared to its average volume of 78,060. The stock has a market capitalization of $252.88 million, a price-to-earnings ratio of 14.98 and a beta of 0.91. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.97. First Bank has a one year low of $6.05 and a one year high of $14.41. The company has a fifty day simple moving average of $12.18 and a 200 day simple moving average of $10.60.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 21st. Stockholders of record on Friday, May 7th will be given a $0.03 dividend. This represents a $0.12 annualized dividend and a dividend yield of 0.89%. The ex-dividend date is Thursday, May 6th. First Bank’s dividend payout ratio (DPR) is presently 16.22%.
About First Bank
First Bank provides various banking products and services to individuals, businesses, and governmental entities. The company accepts various deposits, including non-interest bearing demand deposits, interest bearing demand accounts, money market accounts, savings accounts, and certificates of deposit, as well as commercial checking accounts.
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