First Bank (NASDAQ:FRBA) Shares Bought by Rhumbline Advisers

Rhumbline Advisers raised its position in First Bank (NASDAQ:FRBA) by 2.4% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 30,535 shares of the bank’s stock after acquiring an additional 730 shares during the period. Rhumbline Advisers owned approximately 0.16% of First Bank worth $430,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. FNY Investment Advisers LLC acquired a new stake in shares of First Bank in the 4th quarter worth $98,000. SG Americas Securities LLC lifted its stake in shares of First Bank by 26.7% in the 4th quarter. SG Americas Securities LLC now owns 9,419 shares of the bank’s stock worth $133,000 after acquiring an additional 1,982 shares during the period. Fourthstone LLC acquired a new stake in shares of First Bank in the 3rd quarter worth $199,000. GSA Capital Partners LLP acquired a new stake in shares of First Bank in the 3rd quarter worth $294,000. Finally, JPMorgan Chase & Co. lifted its stake in shares of First Bank by 217.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 36,112 shares of the bank’s stock worth $549,000 after acquiring an additional 24,746 shares during the period. Institutional investors and hedge funds own 64.86% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut shares of First Bank from a “buy” rating to a “hold” rating in a research note on Monday, January 27th.

First Bank Stock Up 0.2 %

Shares of NASDAQ FRBA opened at $14.97 on Friday. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.66. First Bank has a 52 week low of $11.20 and a 52 week high of $15.87. The firm has a 50-day moving average price of $14.60 and a 200 day moving average price of $14.74. The stock has a market capitalization of $292.95 million, a price-to-earnings ratio of 8.96 and a beta of 0.94.

First Bank (NASDAQ:FRBA) last announced its earnings results on Thursday, January 23rd. The bank reported $0.42 earnings per share (EPS) for the quarter, topping 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%. Equities research analysts anticipate that First Bank will post 1.78 EPS for the current fiscal year.

First Bank Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 21st. Shareholders of record on Friday, February 7th were given a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a yield of 1.60%. The ex-dividend date was Friday, February 7th. First Bank’s payout ratio is currently 14.37%.

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.