FY2025 EPS Estimates for First Bank Increased by DA Davidson

First Bank (NASDAQ:FRBA) – Stock analysts at DA Davidson upped their FY2025 earnings per share estimates for shares of First Bank in a research report issued to clients and investors on Tuesday, January 28th. DA Davidson analyst M. Navas now anticipates that the bank will earn $1.85 per share for the year, up from their prior estimate of $1.60. The consensus estimate for First Bank’s current full-year earnings is $1.65 per share.

Other equities research analysts have also recently issued reports about the stock. StockNews.com cut shares of First Bank from a “buy” rating to a “hold” rating in a research report on Monday. Piper Sandler reaffirmed an “overweight” rating and set a $17.00 price target (down previously from $18.00) on shares of First Bank in a research note on Wednesday, October 30th.

First Bank Stock Up 0.5 %

Shares of FRBA opened at $15.35 on Thursday. The firm has a fifty day moving average price of $14.28 and a 200-day moving average price of $14.64. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.66. The firm has a market capitalization of $300.40 million, a P/E ratio of 9.65 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 (NASDAQ:FRBA) last released its quarterly earnings results on Thursday, January 23rd. The bank reported $0.42 earnings per share for the quarter, beating the consensus estimate of $0.39 by $0.03. First Bank had a return on equity of 11.65% and a net margin of 18.19%.

First Bank Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 21st. Investors of record on Friday, February 7th will be issued a $0.06 dividend. The ex-dividend date is Friday, February 7th. This represents a $0.24 annualized dividend and a dividend yield of 1.56%. First Bank’s payout ratio is currently 15.09%.

Institutional Trading of First Bank

A number of hedge funds have recently added to or reduced their stakes in the business. Wilmington Savings Fund Society FSB bought a new stake in shares of First Bank in the 3rd quarter valued at about $3,872,000. Wellington Management Group LLP increased its holdings in First Bank by 24.0% during the third quarter. Wellington Management Group LLP now owns 835,748 shares of the bank’s stock valued at $12,703,000 after buying an additional 161,761 shares during the period. Connor Clark & Lunn Investment Management Ltd. bought a new position in First Bank in the third quarter worth approximately $1,159,000. Inspire Investing LLC purchased a new stake in First Bank during the third quarter worth $827,000. Finally, Dimensional Fund Advisors LP lifted its holdings in First Bank by 4.8% during the second quarter. Dimensional Fund Advisors LP now owns 834,690 shares of the bank’s stock worth $10,633,000 after buying an additional 38,256 shares during the period. 64.86% of the stock is owned by hedge funds and other institutional investors.

About First Bank

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.