First Bank (FRBA) Expected to Announce Quarterly Earnings on Thursday

First Bank (NASDAQ:FRBA) is anticipated to issue its quarterly earnings data after the market closes on Thursday, January 23rd. Analysts expect the company to announce earnings of $0.39 per share and revenue of $32,843.67 billion for the quarter.

First Bank (NASDAQ:FRBA) last posted its quarterly earnings data on Wednesday, October 23rd. The bank reported $0.34 EPS for the quarter, missing the consensus estimate of $0.40 by ($0.06). First Bank had a net margin of 18.19% and a return on equity of 11.80%. The company had revenue of $58.64 million for the quarter, compared to analysts’ expectations of $32.96 million. During the same period in the prior year, the company earned $0.42 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 Trading Up 2.6 %

Shares of FRBA stock opened at $13.81 on Thursday. The company has a market capitalization of $270.25 million, a P/E ratio of 8.69 and a beta of 0.95. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 0.55. The business’s 50 day moving average is $14.37 and its two-hundred day moving average is $14.52. First Bank has a twelve month low of $11.20 and a twelve month high of $15.87.

First Bank Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 22nd. Investors of record on Friday, November 8th were given a $0.06 dividend. The ex-dividend date was Friday, November 8th. This represents a $0.24 dividend on an annualized basis and a yield of 1.74%. First Bank’s dividend payout ratio (DPR) is 15.09%.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on FRBA. Piper Sandler restated an “overweight” rating and set a $17.00 price objective (down previously from $18.00) on shares of First Bank in a research report on Wednesday, October 30th. StockNews.com raised shares of First Bank from a “hold” rating to a “buy” rating in a report on Sunday, December 29th.

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.