FY2025 EPS Estimates for First Bank Boosted by DA Davidson

First Bank (NASDAQ:FRBA) – Stock analysts at DA Davidson raised their FY2025 EPS estimates for shares of First Bank in a note issued to investors on Tuesday, January 28th. DA Davidson analyst M. Navas now expects that the bank will post earnings of $1.85 per share for the year, up from their previous estimate of $1.60. The consensus estimate for First Bank’s current full-year earnings is $1.65 per share.

Several other research firms also recently issued reports on FRBA. StockNews.com downgraded shares of First Bank from a “buy” rating to a “hold” rating in a research note on Monday. Piper Sandler reaffirmed an “overweight” rating and set a $17.00 target price (down from $18.00) on shares of First Bank in a research report on Wednesday, October 30th.

First Bank Price Performance

Shares of NASDAQ:FRBA opened at $15.28 on Thursday. The company has a market capitalization of $299.03 million, a price-to-earnings ratio of 9.61 and a beta of 0.95. The company has a 50 day moving average of $14.28 and a two-hundred day moving average of $14.64. First Bank has a 52-week low of $11.20 and a 52-week high of $15.87. 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 (NASDAQ:FRBA) last issued its quarterly earnings data on Thursday, January 23rd. The bank reported $0.42 EPS for the quarter, topping analysts’ consensus estimates of $0.39 by $0.03. First Bank had a return on equity of 11.65% and a net margin of 18.19%.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the stock. Empowered Funds LLC raised its stake in shares of First Bank by 5.0% in the 4th quarter. Empowered Funds LLC now owns 88,724 shares of the bank’s stock valued at $1,248,000 after purchasing an additional 4,215 shares in the last quarter. SG Americas Securities LLC raised its stake in First Bank by 26.7% during the fourth quarter. SG Americas Securities LLC now owns 9,419 shares of the bank’s stock valued at $133,000 after buying an additional 1,982 shares in the last quarter. IAM Advisory LLC lifted its holdings in First Bank by 0.4% during the 4th quarter. IAM Advisory LLC now owns 188,198 shares of the bank’s stock worth $2,648,000 after buying an additional 768 shares during the last quarter. FNY Investment Advisers LLC acquired a new position in shares of First Bank in the 4th quarter worth approximately $98,000. Finally, JPMorgan Chase & Co. increased its holdings 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 valued at $549,000 after acquiring an additional 24,746 shares during the last quarter. 64.86% of the stock is owned by institutional investors and hedge funds.

First Bank Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, February 21st. Investors of record on Friday, February 7th will be issued a $0.06 dividend. The ex-dividend date is Friday, February 7th. This represents a $0.24 annualized dividend and a yield of 1.57%. 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.