First Bank (NASDAQ:FRBA) released its quarterly earnings data on Monday. The bank reported $0.23 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.25 by ($0.02), Fidelity Earnings reports. The business had revenue of $13.12 million during the quarter, compared to analyst estimates of $12.85 million.
NASDAQ FRBA opened at $14.40 on Wednesday. The company has a market cap of $251.10, a PE ratio of 20.00 and a beta of 0.54. First Bank has a fifty-two week low of $11.15 and a fifty-two week high of $14.95.
The business also recently announced a quarterly dividend, which will be paid on Friday, May 25th. Stockholders of record on Friday, May 11th will be given a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a dividend yield of 0.83%. The ex-dividend date is Thursday, May 10th. First Bank’s dividend payout ratio is currently 16.67%.
FRBA has been the topic of several analyst reports. Zacks Investment Research downgraded First Bank from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, March 13th. BidaskClub downgraded First Bank from a “hold” rating to a “sell” rating in a research report on Saturday, January 20th. Finally, ValuEngine raised First Bank from a “hold” rating to a “buy” rating in a research report on Sunday, December 31st. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $15.33.
About First Bank
First Bank provides various banking products and services to individuals, businesses, and governmental entities in New Jersey and Pennsylvania. 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.
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