FY2025 EPS Estimates for First Bank Lowered by DA Davidson

First Bank (NASDAQ:FRBA) – Stock analysts at DA Davidson dropped their FY2025 earnings per share estimates for shares of First Bank in a research report issued to clients and investors on Thursday, December 19th. DA Davidson analyst M. Navas now anticipates that the bank will earn $1.60 per share 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.

FRBA has been the subject of a number of other research reports. StockNews.com cut First Bank from a “buy” rating to a “hold” rating in a report on Saturday. Piper Sandler reissued an “overweight” rating and issued a $17.00 price objective (down previously from $18.00) on shares of First Bank in a research note on Wednesday, October 30th.

First Bank Price Performance

FRBA stock opened at $14.00 on Friday. First Bank has a 12 month low of $11.20 and a 12 month high of $15.87. The company has a 50-day moving average price of $14.72 and a 200 day moving average price of $14.29. The stock has a market cap of $273.97 million, a PE ratio of 8.81 and a beta of 0.94. 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 released its quarterly earnings results on Wednesday, October 23rd. The bank reported $0.34 EPS for the quarter, missing the consensus estimate of $0.40 by ($0.06). The company had revenue of $58.64 million during 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 quarter in the prior year, the business posted $0.42 EPS.

First Bank Dividend Announcement

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

Institutional Investors Weigh In On First Bank

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in FRBA. Allspring Global Investments Holdings LLC purchased a new stake in shares of First Bank during the second quarter valued at $71,000. SG Americas Securities LLC acquired a new stake in shares of First Bank in the third quarter worth $113,000. Hsbc Holdings PLC acquired a new position in First Bank during the second quarter valued at $162,000. Fourthstone LLC purchased a new stake in First Bank in the third quarter valued at $199,000. Finally, GSA Capital Partners LLP acquired a new stake in First Bank during the 3rd quarter worth about $294,000. 64.86% of the stock is currently owned by hedge funds and other institutional investors.

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.