First Bank (NASDAQ:FRBA) Shares Sold by Squarepoint Ops LLC

Squarepoint Ops LLC decreased its holdings in shares of First Bank (NASDAQ:FRBA) by 15.4% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 11,055 shares of the bank’s stock after selling 2,011 shares during the quarter. Squarepoint Ops LLC’s holdings in First Bank were worth $150,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the company. WINTON GROUP Ltd boosted its holdings in shares of First Bank by 4.5% during the second quarter. WINTON GROUP Ltd now owns 30,490 shares of the bank’s stock worth $413,000 after purchasing an additional 1,303 shares during the last quarter. Goldman Sachs Group Inc. raised its position in shares of First Bank by 17.0% in the 2nd quarter. Goldman Sachs Group Inc. now owns 36,723 shares of the bank’s stock worth $497,000 after buying an additional 5,325 shares during the period. Marshall Wace LLP raised its position in shares of First Bank by 36.1% in the 2nd quarter. Marshall Wace LLP now owns 20,334 shares of the bank’s stock worth $275,000 after buying an additional 5,393 shares during the period. First Trust Advisors LP purchased a new position in shares of First Bank in the 2nd quarter worth $138,000. Finally, Citadel Advisors LLC purchased a new position in shares of First Bank in the 1st quarter worth $153,000.

Separately, Zacks Investment Research raised First Bank from a “hold” rating to a “buy” rating and set a $16.00 target price on the stock in a research report on Wednesday, October 6th.

Shares of NASDAQ FRBA opened at $15.60 on Thursday. First Bank has a 1 year low of $8.78 and a 1 year high of $15.90. The firm has a market cap of $292.66 million, a price-to-earnings ratio of 9.12 and a beta of 0.95. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.10 and a current ratio of 1.10. The stock’s 50-day simple moving average is $14.71 and its 200-day simple moving average is $13.92.

First Bank (NASDAQ:FRBA) last announced its earnings results on Monday, October 25th. The bank reported $0.46 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.43 by $0.03. First Bank had a return on equity of 13.73% and a net margin of 34.29%. During the same quarter last year, the business earned $0.30 EPS. As a group, research analysts predict that First Bank will post 1.81 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Friday, November 19th. Investors of record on Friday, November 5th were paid a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a yield of 1.54%. This is an increase from First Bank’s previous quarterly dividend of $0.03. The ex-dividend date of this dividend was Thursday, November 4th. First Bank’s dividend payout ratio (DPR) is 14.04%.

About First Bank

First Bank is a state-chartered commercial bank, which offers a traditional range of deposit and loan products to individuals and businesses in its Central and Southern New Jersey markets. Its primary focus within community banking encompasses the company’s primary business which includes providing a wide range of commercial and retail and related banking services.

See Also: Outstanding Shares

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Institutional Ownership by Quarter for First Bank (NASDAQ:FRBA)

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