First Bank (NASDAQ:FRBA) Issues Earnings Results, Beats Estimates By $0.03 EPS

First Bank (NASDAQ:FRBA) posted its quarterly earnings data on Thursday. The bank reported $0.42 earnings per share for the quarter, topping the consensus estimate of $0.39 by $0.03, Zacks reports. First Bank had a return on equity of 11.65% and a net margin of 18.19%.

First Bank Price Performance

Shares of NASDAQ:FRBA opened at $14.34 on Friday. The firm has a market cap of $280.59 million, a PE ratio of 9.09 and a beta of 0.95. The firm’s fifty day moving average is $14.26 and its 200-day moving average is $14.56. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.11 and a current ratio of 1.11. First Bank has a 52 week low of $11.20 and a 52 week high of $15.87.

First Bank Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, November 22nd. Shareholders of record on Friday, November 8th were given a $0.06 dividend. The ex-dividend date of this dividend was Friday, November 8th. This represents a $0.24 dividend on an annualized basis and a yield of 1.67%. First Bank’s dividend payout ratio is currently 15.09%.

Analyst Upgrades and Downgrades

FRBA has been the subject of several research reports. StockNews.com raised First Bank from a “hold” rating to a “buy” rating in a report on Sunday, December 29th. Piper Sandler reissued an “overweight” rating and set a $17.00 target price (down previously from $18.00) on shares of First Bank in a report on Wednesday, October 30th.

First Bank Company Profile

First Bank provides various banking products and services to small to mid-sized businesses and individuals. 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.