First Bank (FRBA) to Release Earnings on Thursday

First Bank (NASDAQ:FRBA) is scheduled to release its earnings data before the market opens on Thursday, October 24th. Analysts expect First Bank to post earnings of $0.41 per share for the quarter. Persons that wish to register for the company’s earnings conference call can do so using this link.

First Bank (NASDAQ:FRBA) last announced its quarterly earnings data on Wednesday, July 24th. The bank reported $0.47 earnings per share for the quarter, topping analysts’ consensus estimates of $0.40 by $0.07. First Bank had a return on equity of 12.38% and a net margin of 14.48%. The firm had revenue of $56.25 million for the quarter, compared to analyst estimates of $31.95 million. During the same quarter in the prior year, the company posted $0.36 earnings per share. On average, analysts expect First Bank to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

First Bank Price Performance

First Bank stock opened at $15.60 on Thursday. The company has a market cap of $305.28 million, a P/E ratio of 13.81 and a beta of 0.93. First Bank has a one year low of $10.51 and a one year high of $15.87. The business has a fifty day moving average of $14.96 and a two-hundred day moving average of $13.52. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.08 and a current ratio of 1.08.

First Bank Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 23rd. Investors of record on Friday, August 9th were paid a $0.06 dividend. This represents a $0.24 annualized dividend and a yield of 1.54%. The ex-dividend date of this dividend was Friday, August 9th. First Bank’s payout ratio is currently 21.24%.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on FRBA shares. StockNews.com cut shares of First Bank from a “buy” rating to a “hold” rating in a research note on Friday, July 19th. Piper Sandler upped their price objective on shares of First Bank from $14.00 to $18.00 and gave the company an “overweight” rating in a research note on Tuesday, July 30th.

About First Bank

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.