SG Americas Securities LLC Has $133,000 Stock Holdings in First Bank (NASDAQ:FRBA)

SG Americas Securities LLC lifted its position in shares of First Bank (NASDAQ:FRBA) by 26.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 9,419 shares of the bank’s stock after purchasing an additional 1,982 shares during the period. SG Americas Securities LLC’s holdings in First Bank were worth $133,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the company. IAM Advisory LLC grew its stake in First Bank by 0.4% in the 4th quarter. IAM Advisory LLC now owns 188,198 shares of the bank’s stock valued at $2,648,000 after buying an additional 768 shares during the last quarter. Segall Bryant & Hamill LLC grew its stake 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 buying an additional 1,515 shares during the last quarter. Charles Schwab Investment Management Inc. grew 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 valued at $921,000 after buying an additional 2,103 shares during the last quarter. Empowered Funds LLC grew its stake in First Bank by 5.3% in the 3rd quarter. Empowered Funds LLC now owns 84,509 shares of the bank’s stock valued at $1,285,000 after buying an additional 4,288 shares during the last quarter. Finally, Geode Capital Management LLC grew its stake in First Bank by 1.1% in the 3rd quarter. Geode Capital Management LLC now owns 469,214 shares of the bank’s stock valued at $7,133,000 after buying an additional 5,105 shares during the last quarter. 64.86% of the stock is currently owned by institutional investors and hedge funds.

First Bank Stock Performance

NASDAQ FRBA opened at $15.69 on Wednesday. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.66. The company has a market capitalization of $307.05 million, a P/E ratio of 9.40 and a beta of 0.95. First Bank has a 12-month low of $11.20 and a 12-month high of $15.87. The firm has a 50-day moving average price of $14.37 and a two-hundred day moving average price of $14.68.

First Bank (NASDAQ:FRBA) last posted its quarterly earnings data on Thursday, January 23rd. The bank reported $0.42 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.39 by $0.03. First Bank had a net margin of 18.41% and a return on equity of 11.06%. Analysts anticipate that First Bank will post 1.78 earnings per share for the current year.

First Bank Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 21st. Shareholders of record on Friday, February 7th will be issued a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a yield of 1.53%. The ex-dividend date is Friday, February 7th. First Bank’s dividend payout ratio is currently 14.37%.

Analyst Ratings Changes

A number of research analysts recently commented on FRBA shares. Piper Sandler reiterated an “overweight” rating and issued a $17.00 price target (down previously from $18.00) on shares of First Bank in a research note on Wednesday, October 30th. StockNews.com lowered shares of First Bank from a “buy” rating to a “hold” rating in a research note on Monday, January 27th.

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.