First Bank (NASDAQ:FRBA) Stock Price Passes Below 200-Day Moving Average of $13.18

First Bank (NASDAQ:FRBAGet Free Report) passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $13.18 and traded as low as $12.10. First Bank shares last traded at $12.11, with a volume of 19,235 shares.

Wall Street Analyst Weigh In

Separately, Piper Sandler dropped their target price on shares of First Bank from $16.00 to $15.00 and set an “overweight” rating for the company in a research report on Wednesday, April 24th.

Read Our Latest Analysis on First Bank

First Bank Trading Up 1.0 %

The company has a quick ratio of 1.08, a current ratio of 1.09 and a debt-to-equity ratio of 0.63. The firm has a market cap of $236.99 million, a P/E ratio of 10.72 and a beta of 0.92. The firm’s fifty day moving average is $12.49 and its two-hundred day moving average is $13.18.

First Bank (NASDAQ:FRBAGet Free Report) last issued its quarterly earnings results on Monday, April 22nd. The bank reported $0.49 earnings per share for the quarter, topping the consensus estimate of $0.43 by $0.06. The company had revenue of $32.28 million for the quarter, compared to analysts’ expectations of $32.50 million. First Bank had a return on equity of 12.23% and a net margin of 13.63%. Analysts predict that First Bank will post 1.68 earnings per share for the current fiscal year.

First Bank Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, May 24th. Shareholders of record on Friday, May 10th were issued a $0.06 dividend. This represents a $0.24 annualized dividend and a yield of 1.98%. The ex-dividend date of this dividend was Thursday, May 9th. First Bank’s dividend payout ratio (DPR) is 21.24%.

Hedge Funds Weigh In On First Bank

Hedge funds have recently bought and sold shares of the company. New York State Common Retirement Fund raised its position in First Bank by 766.6% in the 3rd quarter. New York State Common Retirement Fund now owns 9,550 shares of the bank’s stock worth $103,000 after buying an additional 8,448 shares during the last quarter. Minerva Advisors LLC purchased a new position in shares of First Bank during the third quarter valued at approximately $443,000. SG Americas Securities LLC bought a new position in First Bank during the fourth quarter valued at approximately $165,000. Private Advisor Group LLC boosted its holdings in First Bank by 12.7% in the fourth quarter. Private Advisor Group LLC now owns 23,511 shares of the bank’s stock worth $346,000 after purchasing an additional 2,655 shares during the last quarter. Finally, Russell Investments Group Ltd. raised its stake in First Bank by 22.5% during the 4th quarter. Russell Investments Group Ltd. now owns 115,018 shares of the bank’s stock valued at $1,691,000 after buying an additional 21,140 shares during the last quarter. Institutional investors own 64.86% of the company’s stock.

First Bank Company Profile

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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.

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