FY2025 EPS Estimates for First Bank Decreased by DA Davidson

First Bank (NASDAQ:FRBA) – DA Davidson reduced their FY2025 earnings estimates for First Bank in a research note issued on Thursday, December 19th. DA Davidson analyst M. Navas now expects that the bank will earn $1.60 per share for the year, down from their previous forecast of $1.65. The consensus estimate for First Bank’s current full-year earnings is $1.65 per share.

A number of other equities research analysts also recently weighed in on FRBA. Piper Sandler restated an “overweight” rating and issued a $17.00 price target (down from $18.00) on shares of First Bank in a research note on Wednesday, October 30th. StockNews.com downgraded First Bank from a “buy” rating to a “hold” rating in a research report on Saturday.

First Bank Price Performance

Shares of FRBA stock opened at $14.00 on Friday. First Bank has a twelve month low of $11.20 and a twelve month high of $15.87. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 0.55. The business has a fifty day simple moving average of $14.72 and a 200 day simple moving average of $14.28. The company has a market cap of $273.97 million, a P/E ratio of 8.81 and a beta of 0.94.

First Bank (NASDAQ:FRBA) last announced its quarterly earnings data on Wednesday, October 23rd. The bank reported $0.34 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.06). The firm had revenue of $58.64 million during the quarter, compared to the consensus estimate of $32.96 million. First Bank had a net margin of 18.19% and a return on equity of 11.80%. During the same period last year, the business earned $0.42 earnings per share.

First Bank Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, November 22nd. Shareholders of record on Friday, November 8th were given a $0.06 dividend. The ex-dividend date of this dividend was Friday, November 8th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.71%. First Bank’s dividend payout ratio (DPR) is presently 15.09%.

Institutional Investors Weigh In On First Bank

Large investors have recently modified their holdings of the company. Bank of New York Mellon Corp boosted its holdings in First Bank by 9.3% in the second quarter. Bank of New York Mellon Corp now owns 124,213 shares of the bank’s stock worth $1,582,000 after acquiring an additional 10,590 shares in the last quarter. Allspring Global Investments Holdings LLC acquired a new position in First Bank during the second quarter worth $71,000. Bryn Mawr Capital Management LLC lifted its stake in shares of First Bank by 1,377.1% in the second quarter. Bryn Mawr Capital Management LLC now owns 21,935 shares of the bank’s stock valued at $279,000 after buying an additional 20,450 shares in the last quarter. Foundry Partners LLC increased its position in shares of First Bank by 14.8% during the second quarter. Foundry Partners LLC now owns 97,650 shares of the bank’s stock worth $1,244,000 after acquiring an additional 12,575 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its holdings in shares of First Bank by 4.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 834,690 shares of the bank’s stock worth $10,633,000 after acquiring an additional 38,256 shares during the last quarter. 64.86% of the stock is currently owned by institutional investors and hedge funds.

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.