First Bank (FRBA) Announces Earnings Results, Beats Estimates By $0.06 EPS
First Bank (NASDAQ:FRBA) issued its quarterly earnings results on Monday. The bank reported $0.21 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.15 by $0.06, reports.
First Bank (NASDAQ:FRBA) opened at 12.50 on Tuesday. The company has a 50-day moving average of $12.86 and a 200-day moving average of $12.43. The stock has a market capitalization of $187.69 million, a price-to-earnings ratio of 19.62 and a beta of 0.60. First Bank has a 52 week low of $8.65 and a 52 week high of $14.80.
A number of brokerages recently weighed in on FRBA. Zacks Investment Research lowered shares of First Bank from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, September 26th. Sandler O’Neill set a $14.00 price target on shares of First Bank and gave the company a “hold” rating in a research note on Wednesday, October 11th.
An institutional investor recently bought a new position in First Bank stock. State Street Corp bought a new position in shares of First Bank (NASDAQ:FRBA) during the 2nd quarter, according to 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 at the end of the most recent quarter. 37.30% of the stock is currently owned by institutional investors.
First Bank Company Profile
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.
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