First Bank to Post Q2 2022 Earnings of $0.44 Per Share, DA Davidson Forecasts (NASDAQ:FRBA)

First Bank (NASDAQ:FRBAGet Rating) – Equities research analysts at DA Davidson issued their Q2 2022 earnings per share (EPS) estimates for First Bank in a note issued to investors on Thursday, April 28th. DA Davidson analyst M. Navas forecasts that the bank will post earnings per share of $0.44 for the quarter. DA Davidson also issued estimates for First Bank’s FY2022 earnings at $1.75 EPS and FY2023 earnings at $1.90 EPS.

A number of other research firms also recently commented on FRBA. Zacks Investment Research raised shares of First Bank from a “sell” rating to a “hold” rating in a research report on Friday, January 28th. StockNews.com started coverage on shares of First Bank in a research note on Thursday, March 31st. They set a “buy” rating on the stock.

Shares of FRBA opened at $14.50 on Friday. The company has a market capitalization of $272.02 million, a P/E ratio of 8.06 and a beta of 0.83. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.42. The firm has a 50 day moving average of $14.26 and a 200 day moving average of $14.56. First Bank has a twelve month low of $11.81 and a twelve month high of $15.90.

First Bank (NASDAQ:FRBAGet Rating) last issued its quarterly earnings data on Monday, April 25th. The bank reported $0.41 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.41. First Bank had a net margin of 35.83% and a return on equity of 13.95%. During the same period last year, the firm earned $0.49 earnings per share.

A number of hedge funds have recently modified their holdings of FRBA. Capital Market Strategies LLC bought a new position in First Bank in the 4th quarter worth about $4,507,000. Foundry Partners LLC purchased a new stake in First Bank during the fourth quarter valued at approximately $1,302,000. Hillsdale Investment Management Inc. raised its holdings in shares of First Bank by 1,402.9% in the fourth quarter. Hillsdale Investment Management Inc. now owns 84,165 shares of the bank’s stock worth $1,221,000 after buying an additional 78,565 shares during the last quarter. Morgan Stanley raised its holdings in shares of First Bank by 285.0% in the second quarter. Morgan Stanley now owns 79,126 shares of the bank’s stock worth $1,071,000 after buying an additional 58,576 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC purchased a new position in shares of First Bank in the fourth quarter worth $680,000.

The company also recently declared a quarterly dividend, which will be paid on Friday, May 27th. Investors of record on Friday, May 13th will be issued a dividend of $0.06 per share. The ex-dividend date is Thursday, May 12th. This represents a $0.24 annualized dividend and a yield of 1.66%. First Bank’s payout ratio is 13.33%.

About First Bank (Get Rating)

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.

See Also

Earnings History and Estimates for First Bank (NASDAQ:FRBA)

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