First Bank (NASDAQ:FRBA – Get 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.
First Bank (NASDAQ:FRBA – Get 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.
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