FY2025 EPS Estimates for First Bank Reduced by DA Davidson

First Bank (NASDAQ:FRBA) – Research analysts at DA Davidson lowered their FY2025 EPS estimates for First Bank in a research report issued to clients and investors on Thursday, December 19th. DA Davidson analyst M. Navas now forecasts that the bank will post earnings per share of $1.60 for the year, down from their previous estimate of $1.65. The consensus estimate for First Bank’s current full-year earnings is $1.65 per share.

Several other research firms have also recently weighed in on FRBA. Piper Sandler reaffirmed an “overweight” rating and set a $17.00 price objective (down from $18.00) on shares of First Bank in a research report on Wednesday, October 30th. StockNews.com downgraded shares of First Bank from a “buy” rating to a “hold” rating in a report on Saturday.

First Bank Price Performance

Shares of NASDAQ FRBA opened at $14.00 on Friday. The company has a fifty day moving average price of $14.72 and a 200 day moving average price of $14.28. The firm has a market cap of $273.97 million, a PE ratio of 8.81 and a beta of 0.94. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 0.55. First Bank has a 1-year low of $11.20 and a 1-year high of $15.87.

First Bank (NASDAQ:FRBA) last announced its quarterly earnings results on Wednesday, October 23rd. The bank reported $0.34 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.40 by ($0.06). First Bank had a return on equity of 11.80% and a net margin of 18.19%. The business had revenue of $58.64 million during the quarter, compared to the consensus estimate of $32.96 million. During the same quarter last year, the company earned $0.42 earnings per share.

First Bank Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, November 22nd. Investors of record on Friday, November 8th were given a dividend of $0.06 per share. The ex-dividend date was Friday, November 8th. This represents a $0.24 annualized dividend and a yield of 1.71%. First Bank’s dividend payout ratio (DPR) is presently 15.09%.

Institutional Investors Weigh In On First Bank

A number of institutional investors and hedge funds have recently made changes to their positions in FRBA. Wellington Management Group LLP raised its stake in First Bank by 24.0% in the 3rd quarter. Wellington Management Group LLP now owns 835,748 shares of the bank’s stock valued at $12,703,000 after acquiring an additional 161,761 shares during the period. Inspire Investing LLC bought a new stake in shares of First Bank during the third quarter worth approximately $827,000. Dimensional Fund Advisors LP grew its position in shares of First Bank by 4.8% in the second quarter. Dimensional Fund Advisors LP now owns 834,690 shares of the bank’s stock valued at $10,633,000 after purchasing an additional 38,256 shares during the last quarter. Allspring Global Investments Holdings LLC bought a new position in shares of First Bank during the second quarter worth approximately $71,000. Finally, Foundry Partners LLC lifted its holdings in First Bank by 14.8% during the 2nd quarter. Foundry Partners LLC now owns 97,650 shares of the bank’s stock worth $1,244,000 after purchasing an additional 12,575 shares during the last quarter. Institutional investors own 64.86% of the company’s stock.

First Bank Company Profile

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.