FY2025 EPS Estimates for First Bank Reduced by DA Davidson

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

First Bank (NASDAQ:FRBA) last issued its quarterly earnings data 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). The business had revenue of $58.64 million for the quarter, compared to analysts’ expectations of $32.96 million. First Bank had a return on equity of 11.80% and a net margin of 18.19%. During the same period last year, the business earned $0.42 earnings per share.

Several other analysts have also recently commented on FRBA. StockNews.com upgraded First Bank from a “hold” rating to a “buy” rating in a report on Friday, December 13th. 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 report on Wednesday, October 30th.

First Bank Trading Up 0.3 %

Shares of FRBA opened at $14.01 on Friday. The company has a market capitalization of $274.16 million, a PE ratio of 8.81 and a beta of 0.94. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.08 and a current ratio of 1.08. First Bank has a fifty-two week low of $11.20 and a fifty-two week high of $15.87. The stock has a fifty day moving average of $14.74 and a two-hundred day moving average of $14.26.

First Bank Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 22nd. Shareholders of record on Friday, November 8th were paid a dividend of $0.06 per share. The ex-dividend date was Friday, November 8th. This represents a $0.24 annualized dividend and a yield of 1.71%. First Bank’s dividend payout ratio is currently 15.09%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Wilmington Savings Fund Society FSB purchased a new position in shares of First Bank during the 3rd quarter valued at approximately $3,872,000. Wellington Management Group LLP raised its stake in shares of First Bank by 24.0% in the 3rd quarter. Wellington Management Group LLP now owns 835,748 shares of the bank’s stock valued at $12,703,000 after purchasing an additional 161,761 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. bought a new position in shares of First Bank during the third quarter worth about $1,159,000. Inspire Investing LLC bought a new stake in First Bank in the third quarter valued at about $827,000. Finally, Dimensional Fund Advisors LP lifted its stake in 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 purchasing an additional 38,256 shares during the last quarter. Institutional investors and hedge funds own 64.86% of the company’s stock.

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.