First Bank (FRBA) Hits New 12-Month Low at $11.50

First Bank (NASDAQ:FRBA) reached a new 52-week low during mid-day trading on Thursday . The company traded as low as $11.50 and last traded at $11.66, with a volume of 100 shares. The stock had previously closed at $11.57.

A number of research analysts have recently weighed in on FRBA shares. Zacks Investment Research downgraded shares of First Bank from a “buy” rating to a “hold” rating in a report on Tuesday, October 23rd. ValuEngine downgraded shares of First Bank from a “hold” rating to a “sell” rating in a report on Saturday, September 22nd. Finally, BidaskClub upgraded shares of First Bank from a “sell” rating to a “hold” rating in a report on Friday, September 7th.

The firm has a market cap of $202.62 million, a price-to-earnings ratio of 15.97 and a beta of 0.63.

First Bank (NASDAQ:FRBA) last released its quarterly earnings results on Tuesday, October 23rd. The bank reported $0.29 earnings per share for the quarter, beating analysts’ consensus estimates of $0.25 by $0.04. The business had revenue of $15.74 million for the quarter, compared to the consensus estimate of $14.64 million. Equities analysts expect that First Bank will post 1.05 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Friday, November 23rd. Stockholders of record on Friday, November 9th were issued a dividend of $0.03 per share. The ex-dividend date was Thursday, November 8th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 1.04%. First Bank’s dividend payout ratio is currently 16.67%.

Institutional investors have recently added to or reduced their stakes in the company. Tower Research Capital LLC TRC raised its holdings in shares of First Bank by 1,278.7% during the 2nd quarter. Tower Research Capital LLC TRC now owns 12,781 shares of the bank’s stock valued at $178,000 after purchasing an additional 11,854 shares in the last quarter. Rhumbline Advisers acquired a new position in First Bank in the 2nd quarter valued at $198,000. Private Advisor Group LLC acquired a new position in First Bank in the 2nd quarter valued at $295,000. First Trust Advisors LP grew its stake in First Bank by 48.5% in the 3rd quarter. First Trust Advisors LP now owns 23,399 shares of the bank’s stock valued at $308,000 after buying an additional 7,646 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. acquired a new position in First Bank in the 2nd quarter valued at $431,000. Institutional investors and hedge funds own 50.02% of the company’s stock.

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First Bank Company Profile (NASDAQ:FRBA)

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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