First Bank (FRBA) Set to Announce Earnings on Thursday

First Bank (NASDAQ:FRBA) will post its quarterly earnings results before the market opens on Thursday, October 24th. Analysts expect First Bank to post earnings of $0.41 per share for the quarter. Individual interested in participating in the company’s earnings conference call can do so using this link.

First Bank (NASDAQ:FRBA) last released its earnings results on Wednesday, July 24th. The bank reported $0.47 earnings per share for the quarter, topping analysts’ consensus estimates of $0.40 by $0.07. First Bank had a return on equity of 12.38% and a net margin of 14.48%. The company had revenue of $56.25 million during the quarter, compared to the consensus estimate of $31.95 million. During the same quarter in the previous year, the company posted $0.36 EPS. On average, analysts expect First Bank to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

First Bank Stock Performance

Shares of FRBA stock opened at $14.86 on Wednesday. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.08 and a current ratio of 1.08. First Bank has a fifty-two week low of $10.51 and a fifty-two week high of $15.87. The stock has a 50 day moving average price of $15.03 and a two-hundred day moving average price of $13.59. The company has a market capitalization of $290.80 million, a P/E ratio of 13.15 and a beta of 0.93.

First Bank Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, August 23rd. Investors of record on Friday, August 9th were issued a dividend of $0.06 per share. The ex-dividend date was Friday, August 9th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.62%. First Bank’s dividend payout ratio is presently 21.24%.

Analysts Set New Price Targets

FRBA has been the topic of several recent research reports. Piper Sandler upped their price target on First Bank from $14.00 to $18.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 30th. StockNews.com cut First Bank from a “buy” rating to a “hold” rating in a research note on Friday, July 19th.

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.