First Bank (FRBA) Projected to Post Earnings on Thursday

First Bank (NASDAQ:FRBA) is anticipated to announce its earnings results after the market closes on Thursday, January 23rd. Analysts expect the company to announce earnings of $0.39 per share and revenue of $32,843.67 billion for the quarter.

First Bank (NASDAQ:FRBA) last released its earnings results on Wednesday, October 23rd. The bank reported $0.34 EPS for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.06). The business had revenue of $58.64 million during the quarter, compared to the consensus estimate of $32.96 million. First Bank had a return on equity of 11.65% and a net margin of 18.19%. During the same quarter in the previous year, the firm earned $0.42 earnings per share. 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 Price Performance

NASDAQ FRBA opened at $13.91 on Wednesday. First Bank has a 1 year low of $11.20 and a 1 year high of $15.87. The business’s fifty day moving average is $14.30 and its two-hundred day moving average is $14.55. The stock has a market capitalization of $272.22 million, a P/E ratio of 8.75 and a beta of 0.95. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.11 and a current ratio of 1.11.

First Bank Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, November 22nd. Investors of record on Friday, November 8th were issued a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.73%. The ex-dividend date of this dividend was Friday, November 8th. First Bank’s payout ratio is 15.09%.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on FRBA shares. Piper Sandler reiterated an “overweight” rating and issued a $17.00 price target (down previously from $18.00) on shares of First Bank in a research report on Wednesday, October 30th. StockNews.com raised shares of First Bank from a “hold” rating to a “buy” rating in a research note on Sunday, December 29th.

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.