First Bank (NASDAQ:FRBA) has been assigned a consensus broker rating score of 1.00 (Strong Buy) from the three analysts that cover the stock, Zacks Investment Research reports. Three equities research analysts have rated the stock with a strong buy rating.

Brokerages have set a one year consensus price target of $9.83 for the company and are expecting that the company will post $0.16 earnings per share for the current quarter, according to Zacks. Zacks has also given First Bank an industry rank of 207 out of 254 based on the ratings given to related companies.

A number of equities analysts have recently issued reports on the stock. Zacks Investment Research raised shares of First Bank from a “sell” rating to a “hold” rating in a research report on Monday, April 13th. ValuEngine cut shares of First Bank from a “hold” rating to a “sell” rating in a research report on Thursday, April 2nd. Boenning Scattergood initiated coverage on shares of First Bank in a research report on Monday, June 8th. They issued an “outperform” rating and a $10.00 price target on the stock. Finally, DA Davidson initiated coverage on shares of First Bank in a research report on Tuesday, May 5th. They issued a “buy” rating and a $11.00 price target on the stock.

A number of large investors have recently bought and sold shares of FRBA. Citigroup Inc. increased its stake in shares of First Bank by 50.0% during the 1st quarter. Citigroup Inc. now owns 4,992 shares of the bank’s stock worth $35,000 after purchasing an additional 1,663 shares during the last quarter. California Public Employees Retirement System purchased a new stake in shares of First Bank during the 4th quarter worth approximately $131,000. Private Advisor Group LLC increased its stake in shares of First Bank by 8.7% during the 1st quarter. Private Advisor Group LLC now owns 22,669 shares of the bank’s stock worth $157,000 after purchasing an additional 1,813 shares during the last quarter. Barclays PLC increased its stake in shares of First Bank by 93.3% during the 4th quarter. Barclays PLC now owns 16,930 shares of the bank’s stock worth $187,000 after purchasing an additional 8,171 shares during the last quarter. Finally, UBS Group AG increased its stake in shares of First Bank by 13.3% during the 4th quarter. UBS Group AG now owns 21,806 shares of the bank’s stock worth $241,000 after purchasing an additional 2,560 shares during the last quarter. Hedge funds and other institutional investors own 47.61% of the company’s stock.

Shares of FRBA stock traded up $0.16 on Friday, reaching $6.73. 71,454 shares of the company were exchanged, compared to its average volume of 27,119. The company has a market cap of $126.25 million, a price-to-earnings ratio of 9.48 and a beta of 0.83. The company has a 50-day moving average of $7.38 and a 200-day moving average of $8.96. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.10 and a quick ratio of 1.10. First Bank has a one year low of $6.00 and a one year high of $11.82.

First Bank (NASDAQ:FRBA) last released its quarterly earnings data on Monday, April 27th. The bank reported $0.25 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.24 by $0.01. The company had revenue of $17.09 million for the quarter, compared to analysts’ expectations of $16.90 million. First Bank had a net margin of 15.59% and a return on equity of 7.12%. As a group, sell-side analysts predict that First Bank will post 0.84 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Friday, May 22nd. Investors of record on Friday, May 8th were given a $0.03 dividend. The ex-dividend date was Thursday, May 7th. This represents a $0.12 annualized dividend and a yield of 1.78%. First Bank’s payout ratio is 16.22%.

First Bank Company Profile

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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