First Bank (NASDAQ:FRBA) Announces Earnings Results, Beats Estimates By $0.03 EPS

First Bank (NASDAQ:FRBA) announced its earnings results on Thursday. The bank reported $0.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.39 by $0.03, Zacks reports. First Bank had a net margin of 18.19% and a return on equity of 11.65%.

First Bank Stock Up 2.9 %

FRBA stock opened at $14.34 on Friday. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.11 and a quick ratio of 1.11. First Bank has a 52-week low of $11.20 and a 52-week high of $15.87. The company has a 50-day moving average of $14.26 and a two-hundred day moving average of $14.56. The stock has a market capitalization of $280.59 million, a price-to-earnings ratio of 9.09 and a beta of 0.95.

First Bank Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 22nd. Investors of record on Friday, November 8th were issued a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a dividend yield of 1.67%. The ex-dividend date was Friday, November 8th. First Bank’s dividend payout ratio is currently 15.09%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on FRBA shares. Piper Sandler restated an “overweight” rating and set a $17.00 price target (down from $18.00) on shares of First Bank in a report on Wednesday, October 30th. StockNews.com raised shares of First Bank from a “hold” rating to a “buy” rating in a research report on Sunday, December 29th.

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.