First Bank (NASDAQ:FRBA) has been assigned a consensus broker rating score of 1.67 (Buy) from the three analysts that provide coverage for the stock, Zacks Investment Research reports. One analyst has rated the stock with a hold rating and two have given a strong buy rating to the company.
Analysts have set a one year consensus price objective of $15.50 for the company and are predicting that the company will post $0.22 earnings per share for the current quarter, according to Zacks. Zacks has also given First Bank an industry rank of 30 out of 265 based on the ratings given to related companies.
A number of research firms recently commented on FRBA. Zacks Investment Research upgraded shares of First Bank from a “hold” rating to a “strong-buy” rating and set a $17.00 target price for the company in a research note on Friday, January 12th. ValuEngine upgraded shares of First Bank from a “hold” rating to a “buy” rating in a research note on Sunday, December 31st. BidaskClub cut shares of First Bank from a “hold” rating to a “sell” rating in a research note on Saturday, January 20th. Finally, Sandler O’Neill upgraded shares of First Bank from a “hold” rating to a “buy” rating and set a $15.00 price objective for the company in a research note on Wednesday, November 1st.
First Bank (FRBA) traded up $0.25 during mid-day trading on Wednesday, reaching $14.25. 28,411 shares of the company were exchanged, compared to its average volume of 14,551. The firm has a market cap of $244.12, a PE ratio of 27.94 and a beta of 0.58. First Bank has a one year low of $10.60 and a one year high of $14.95.
First Bank (NASDAQ:FRBA) last released its earnings results on Tuesday, January 30th. The bank reported $0.18 EPS for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.01). The company had revenue of $12.86 million for the quarter, compared to the consensus estimate of $12.60 million. sell-side analysts predict that First Bank will post 1.04 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 23rd. Shareholders of record on Friday, February 9th will be paid a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a yield of 0.84%. This is a boost from First Bank’s previous quarterly dividend of $0.02. The ex-dividend date is Thursday, February 8th. First Bank’s payout ratio is presently 23.53%.
WARNING: This article was reported by Week Herald and is owned by of Week Herald. If you are accessing this article on another domain, it was illegally stolen and republished in violation of United States and international trademark and copyright laws. The original version of this article can be accessed at https://weekherald.com/2018/02/17/first-bank-frba-given-15-50-consensus-target-price-by-brokerages.html.
About First Bank
First Bank is a commercial bank. The Company provides a range of lending, deposit and other financial products and services. It operates through Community Banking segment, which is engaged in providing a range of commercial and retail and related banking services. It offers a range of lending products to meet the needs of its customers located within its market areas, including commercial and industrial loans, commercial real estate loans (including owner-occupied, investor, and multi-family loans), residential real estate loans, and consumer and other loans.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
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.