FY2025 EPS Estimates for First Bank Boosted by DA Davidson

First Bank (NASDAQ:FRBAFree Report) – DA Davidson raised their FY2025 earnings per share estimates for First Bank in a report released on Tuesday, January 28th. DA Davidson analyst M. Navas now expects that the bank will post earnings of $1.85 per share for the year, up from their prior estimate of $1.60. The consensus estimate for First Bank’s current full-year earnings is $1.65 per share.

First Bank (NASDAQ:FRBAGet Free Report) last announced its quarterly earnings results on Thursday, January 23rd. The bank reported $0.42 earnings per share for the quarter, beating the consensus estimate of $0.39 by $0.03. First Bank had a net margin of 18.19% and a return on equity of 11.65%.

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

View Our Latest Research Report on First Bank

First Bank Price Performance

FRBA opened at $15.35 on Thursday. The stock has a market capitalization of $300.40 million, a P/E ratio of 9.65 and a beta of 0.95. The company’s 50-day simple moving average is $14.28 and its two-hundred day simple moving average is $14.64. First Bank has a 52-week low of $11.20 and a 52-week high of $15.87. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.11 and a current ratio of 1.11.

First Bank Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, February 21st. Shareholders of record on Friday, February 7th will be issued a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a yield of 1.56%. The ex-dividend date is Friday, February 7th. First Bank’s dividend payout ratio is currently 15.09%.

Institutional Trading of First Bank

Institutional investors and hedge funds have recently modified their holdings of the company. Rhumbline Advisers boosted its stake in First Bank by 2.4% in the 4th quarter. Rhumbline Advisers now owns 30,535 shares of the bank’s stock worth $430,000 after purchasing an additional 730 shares during the period. IAM Advisory LLC grew its stake in First Bank by 0.4% during the third quarter. IAM Advisory LLC now owns 187,430 shares of the bank’s stock valued at $2,849,000 after acquiring an additional 748 shares in the last quarter. Segall Bryant & Hamill LLC increased its holdings in First Bank by 2.1% in the 3rd quarter. Segall Bryant & Hamill LLC now owns 72,764 shares of the bank’s stock valued at $1,106,000 after acquiring an additional 1,515 shares during the last quarter. SG Americas Securities LLC increased its holdings in First Bank by 26.7% in the 4th quarter. SG Americas Securities LLC now owns 9,419 shares of the bank’s stock valued at $133,000 after acquiring an additional 1,982 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its stake in First Bank by 3.6% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 60,582 shares of the bank’s stock worth $921,000 after purchasing an additional 2,103 shares in the last quarter. 64.86% of the stock is currently owned by institutional investors.

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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