Q4 Earnings Estimate for First Bank Issued By DA Davidson

First Bank (NASDAQ:FRBA) – Equities researchers at DA Davidson issued their Q4 2024 earnings per share estimates for First Bank in a report released on Tuesday, October 29th. DA Davidson analyst M. Navas forecasts that the bank will post earnings per share of $0.38 for the quarter. The consensus estimate for First Bank’s current full-year earnings is $1.70 per share. DA Davidson also issued estimates for First Bank’s FY2025 earnings at $1.65 EPS.

First Bank (NASDAQ:FRBA) last posted its quarterly earnings results on Wednesday, October 23rd. The bank reported $0.34 earnings per share for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.06). First Bank had a net margin of 14.48% and a return on equity of 12.38%. The business had revenue of $58.64 million during the quarter, compared to analyst estimates of $32.96 million. During the same quarter in the prior year, the business earned $0.42 earnings per share.

FRBA has been the topic of a number of other research reports. StockNews.com cut First Bank from a “buy” rating to a “hold” rating in a research report on Friday, July 19th. Piper Sandler reiterated an “overweight” rating and set a $17.00 target price (down previously from $18.00) on shares of First Bank in a research report on Wednesday.

First Bank Stock Down 1.7 %

First Bank stock opened at $14.16 on Wednesday. The stock’s fifty day moving average is $14.99 and its two-hundred day moving average is $13.65. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.08 and a quick ratio of 1.08. First Bank has a 1-year low of $10.80 and a 1-year high of $15.87. The stock has a market cap of $277.10 million, a PE ratio of 12.53 and a beta of 0.93.

Hedge Funds Weigh In On First Bank

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Inspire Investing LLC purchased a new position in shares of First Bank during the third quarter worth about $827,000. IAM Advisory LLC grew its holdings in shares of First Bank by 0.4% during the third quarter. IAM Advisory LLC now owns 187,430 shares of the bank’s stock worth $2,849,000 after buying an additional 748 shares during the last quarter. SG Americas Securities LLC purchased a new position in shares of First Bank during the third quarter worth about $113,000. Hsbc Holdings PLC purchased a new position in shares of First Bank during the second quarter worth about $162,000. Finally, Dimensional Fund Advisors LP grew its holdings in shares of First Bank by 4.8% during the second quarter. Dimensional Fund Advisors LP now owns 834,690 shares of the bank’s stock worth $10,633,000 after buying an additional 38,256 shares during the last quarter. Hedge funds and other institutional investors own 64.86% of the company’s stock.

First Bank Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, November 22nd. Investors of record on Friday, November 8th will be issued a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.69%. The ex-dividend date is Friday, November 8th. First Bank’s dividend payout ratio is currently 21.24%.

About First Bank

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.