First Bank (NASDAQ:FRBA) Announces Quarterly Earnings Results

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

First Bank Stock Performance

NASDAQ:FRBA opened at $14.44 on Friday. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.66. The firm has a 50-day moving average price of $14.23 and a 200 day moving average price of $14.57. The firm has a market capitalization of $282.58 million, a PE ratio of 9.08 and a beta of 0.95. First Bank has a 12-month low of $11.20 and a 12-month high of $15.87.

First Bank Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 21st. Investors of record on Friday, February 7th will be paid a $0.06 dividend. The ex-dividend date is Friday, February 7th. This represents a $0.24 dividend on an annualized basis and a yield of 1.66%. First Bank’s payout ratio is currently 14.37%.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on FRBA. Piper Sandler reissued an “overweight” rating and set a $17.00 target price (down from $18.00) on shares of First Bank in a research report on Wednesday, October 30th. StockNews.com raised First Bank from a “hold” rating to a “buy” rating in a report on Sunday, December 29th.

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.