Barclays PLC Raises Holdings in First Bank (NASDAQ:FRBA)

Barclays PLC boosted its holdings in shares of First Bank (NASDAQ:FRBA) by 64.7% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 52,462 shares of the bank’s stock after buying an additional 20,602 shares during the quarter. Barclays PLC owned approximately 0.27% of First Bank worth $797,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. SG Americas Securities LLC acquired a new stake in First Bank in the third quarter valued at approximately $113,000. Hsbc Holdings PLC acquired a new stake in First Bank in the second quarter valued at approximately $162,000. Fourthstone LLC acquired a new stake in First Bank in the third quarter valued at approximately $199,000. GSA Capital Partners LLP acquired a new stake in First Bank in the third quarter valued at approximately $294,000. Finally, Inspire Investing LLC acquired a new stake in First Bank in the third quarter valued at approximately $827,000. 64.86% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts have recently commented on FRBA shares. Piper Sandler reiterated an “overweight” rating and set a $17.00 price objective (down from $18.00) on shares of First Bank in a research note on Wednesday, October 30th. StockNews.com upgraded shares of First Bank from a “hold” rating to a “buy” rating in a research note on Sunday, December 29th.

First Bank Stock Up 2.6 %

FRBA opened at $13.81 on Thursday. First Bank has a fifty-two week low of $11.20 and a fifty-two week high of $15.87. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.08 and a current ratio of 1.08. The company has a fifty day moving average of $14.37 and a two-hundred day moving average of $14.52. The stock has a market capitalization of $270.25 million, a price-to-earnings ratio of 8.69 and a beta of 0.95.

First Bank (NASDAQ:FRBA) last released its earnings results on Wednesday, October 23rd. The bank reported $0.34 EPS for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.06). The company had revenue of $58.64 million for the quarter, compared to analysts’ expectations of $32.96 million. First Bank had a return on equity of 11.80% and a net margin of 18.19%. During the same period in the prior year, the firm earned $0.42 EPS. On average, research analysts expect that First Bank will post 1.65 earnings per share for the current year.

First Bank Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 22nd. Investors of record on Friday, November 8th were paid a dividend of $0.06 per share. The ex-dividend date of this dividend was Friday, November 8th. This represents a $0.24 annualized dividend and a yield of 1.74%. First Bank’s dividend payout ratio is presently 15.09%.

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.