First Bank (NASDAQ:FRBA – Get Free Report) posted its quarterly earnings results on Wednesday. The bank reported $0.34 EPS for the quarter, missing the consensus estimate of $0.40 by ($0.06), RTT News reports. 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 analysts’ expectations of $32.96 million. During the same quarter in the previous year, the business posted $0.42 EPS.
First Bank Stock Down 1.7 %
FRBA traded down $0.24 during trading hours on Friday, reaching $13.99. 29,214 shares of the stock traded hands, compared to its average volume of 48,501. First Bank has a fifty-two week low of $10.51 and a fifty-two week high of $15.87. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.08 and a quick ratio of 1.08. The company has a market cap of $273.77 million, a price-to-earnings ratio of 12.59 and a beta of 0.93. The firm’s fifty day simple moving average is $15.04 and its two-hundred day simple moving average is $13.60.
First Bank Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Friday, November 22nd. Stockholders of record on Friday, November 8th will be paid a $0.06 dividend. The ex-dividend date of this dividend is Friday, November 8th. This represents a $0.24 annualized dividend and a dividend yield of 1.72%. First Bank’s dividend payout ratio (DPR) is presently 21.24%.
Analysts Set New Price Targets
Read Our Latest Stock Analysis on FRBA
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.
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