According to Zacks, “First Bank is a state-chartered bank with five full-service branches. It provides personal and business banking services in New Jersey, the United States. The Bank offers checking, savings, and money market accounts; and auto and home loans, home equity line of credit, fixed rate home equity loans, lines of credit, term loans, commercial mortgages, letters of credit, merchant services, and construction finance. First Bank is headquartered in Hamilton, New Jersey. “
Separately, StockNews.com started coverage on First Bank in a research note on Thursday, March 31st. They issued a “buy” rating on the stock.
First Bank (NASDAQ:FRBA – Get Rating) last announced its earnings results on Monday, April 25th. The bank reported $0.41 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.41. First Bank had a return on equity of 13.18% and a net margin of 34.66%. During the same period last year, the company posted $0.49 EPS. Equities analysts forecast that First Bank will post 1.72 earnings per share for the current year.
Several institutional investors have recently made changes to their positions in the company. Goldman Sachs Group Inc. increased its position in shares of First Bank by 3.0% during the 1st quarter. Goldman Sachs Group Inc. now owns 55,234 shares of the bank’s stock valued at $786,000 after purchasing an additional 1,602 shares during the last quarter. Wellington Management Group LLP grew its position in First Bank by 740.5% during the 1st quarter. Wellington Management Group LLP now owns 289,007 shares of the bank’s stock worth $4,110,000 after acquiring an additional 254,620 shares during the last quarter. State Street Corp grew its position in First Bank by 2.1% during the 1st quarter. State Street Corp now owns 290,578 shares of the bank’s stock worth $4,132,000 after acquiring an additional 6,049 shares during the last quarter. Charles Schwab Investment Management Inc. grew its position in First Bank by 5.5% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 41,739 shares of the bank’s stock worth $594,000 after acquiring an additional 2,159 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its position in First Bank by 5.3% during the 1st quarter. Dimensional Fund Advisors LP now owns 575,230 shares of the bank’s stock worth $8,180,000 after acquiring an additional 29,011 shares during the last quarter.
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.
- Get a free copy of the StockNews.com research report on First Bank (FRBA)
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