Jane Street Group LLC Has $224,000 Stock Position in First Bank (NASDAQ:FRBA)

Jane Street Group LLC reduced its stake in First Bank (NASDAQ:FRBA) by 24.4% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 14,737 shares of the bank’s stock after selling 4,750 shares during the quarter. Jane Street Group LLC’s holdings in First Bank were worth $224,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. SG Americas Securities LLC acquired a new position in First Bank in the third quarter valued at approximately $113,000. Hsbc Holdings PLC acquired a new position in First Bank in the second quarter valued at approximately $162,000. Fourthstone LLC acquired a new position in First Bank in the third quarter valued at approximately $199,000. GSA Capital Partners LLP acquired a new position in First Bank in the third quarter valued at approximately $294,000. Finally, Inspire Investing LLC acquired a new position in First Bank in the third quarter valued at approximately $827,000. 64.86% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

First Bank Trading Down 2.7 %

Shares of First Bank stock opened at $13.07 on Friday. The stock has a fifty day simple moving average of $14.44 and a 200 day simple moving average of $14.50. First Bank has a 12-month low of $11.20 and a 12-month high of $15.87. The company has a market capitalization of $255.77 million, a P/E ratio of 8.22 and a beta of 0.95. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 0.55.

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 business 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 quarter last year, the company earned $0.42 EPS. On average, sell-side analysts anticipate that First Bank will post 1.65 earnings per share for the current fiscal year.

First Bank Announces Dividend

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 $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 yield of 1.84%. First Bank’s dividend payout ratio (DPR) is presently 15.09%.

First Bank 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.