First Bank (NASDAQ:FRBA – Get Free Report) released its earnings results on Wednesday. The bank reported $0.34 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.06), RTT News reports. First Bank had a net margin of 14.48% and a return on equity of 12.38%. The company had revenue of $58.64 million for the quarter, compared to analyst estimates of $32.96 million. During the same quarter in the previous year, the firm earned $0.42 EPS.
First Bank Stock Down 1.7 %
FRBA traded down $0.24 during trading on Friday, hitting $13.99. 29,214 shares of the company’s stock were exchanged, compared to its average volume of 48,501. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 0.55. The business’s 50 day moving average is $15.04 and its two-hundred day moving average is $13.60. First Bank has a fifty-two week low of $10.51 and a fifty-two week high of $15.87. The stock has a market cap of $273.77 million, a P/E ratio of 12.59 and a beta of 0.93.
First Bank Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 22nd. Shareholders of record on Friday, November 8th will be issued a dividend of $0.06 per share. The ex-dividend date of this dividend is Friday, November 8th. This represents a $0.24 annualized dividend and a yield of 1.72%. First Bank’s payout ratio is 21.24%.
Analysts Set New Price Targets
Get Our Latest Stock Report on First Bank
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.
Further Reading
- Five stocks we like better than First Bank
- 3 REITs to Buy and Hold for the Long Term
- Texas Roadhouse Stock Steering for New Highs This Year
- Market Cap Calculator: How to Calculate Market Cap
- Monopar Therapeutics Skyrockets 400% on Licensing Deal
- What Are Dividend Contenders? Investing in Dividend Contenders
- Tractor Supply Stock Pulls Back: A Prime Buying Opportunity
Receive News & Ratings for First Bank Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for First Bank and related companies with MarketBeat.com's FREE daily email newsletter.