News articles about First Bank (NASDAQ:FRBA) have been trending somewhat positive recently, according to AlphaOne. The research group, a subsidiary of Accern, identifies negative and positive press coverage by analyzing more than twenty million news and blog sources in real-time. AlphaOne ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. First Bank earned a media sentiment score of 0.17 on AlphaOne’s scale. AlphaOne also assigned media headlines about the bank an impact score of 31 out of 100, meaning that recent press coverage is unlikely to have an effect on the company’s share price in the near future.
Shares of First Bank (FRBA) traded up 2.13% during trading on Friday, hitting $12.00. 426,371 shares of the stock traded hands. The company has a 50 day moving average price of $12.08 and a 200 day moving average price of $12.31. First Bank has a 12 month low of $6.68 and a 12 month high of $14.80. The firm has a market cap of $137.59 million, a price-to-earnings ratio of 18.78 and a beta of 0.53.
First Bank (NASDAQ:FRBA) last announced its earnings results on Monday, April 24th. The bank reported $0.17 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.18 by $0.01. The company had revenue of $8.56 million for the quarter, compared to the consensus estimate of $8.45 million. Analysts anticipate that First Bank will post $0.68 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Tuesday, May 30th. Shareholders of record on Wednesday, May 10th were given a $0.02 dividend. The ex-dividend date was Monday, May 8th. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.67%. First Bank’s payout ratio is currently 12.50%.
FRBA has been the subject of several research analyst reports. Zacks Investment Research downgraded shares of First Bank from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, April 5th. Robert W. Baird raised shares of First Bank from a “neutral” rating to an “outperform” rating and set a $14.00 target price on the stock in a research note on Tuesday, May 30th. Finally, ValuEngine raised shares of First Bank from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd.
About First Bank
First Bank is a commercial bank. The Company provides a range of lending, deposit and other financial products and services. It operates through Community Banking segment, which is engaged in providing a range of commercial and retail and related banking services. It offers a range of lending products to meet the needs of its customers located within its market areas, including commercial and industrial loans, commercial real estate loans (including owner-occupied, investor, construction and development and multi-family loans), residential real estate loans, and consumer and other loans.
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