NASDAQ:FRBAFirst Bank Stock Price, Forecast & News

$7.62

-0.53 (-6.50 %)

(As of 05/28/2020 04:00 PM ET)

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Today's Range

$7.55

Now: $7.62▼

$8.27

50-Day Range

$6.40

MA: $7.08▼

$7.92

52-Week Range

$6.00

Now: $7.62▼

$11.82

Volume24,193 shs

Average Volume43,765 shs

Market Capitalization$142.95 million

P/E Ratio10.73

Dividend Yield1.47%

Beta0.86

First Bank provides various banking products and services to individuals, businesses, and governmental entities. 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. Its loan products include commercial and industrial loans; commercial real estate loans, such as owner-occupied, investor, construction and development, and multi-family loans; residential real estate loans comprising residential mortgages, first and second lien home equity loans, and revolving lines of credit; and consumer loans, which consist of auto, personal, and traditional installment loans, as well as other loans. The company also provides electronic banking services, including Internet and mobile banking, electronic bill payment, and banking by phone, as well as ATM and debit cards, and wire and ACH transfer services; and cash management services. As of December 31, 2017, it operated 14 full-service branches in Cranbury, Denville, Ewing, Flemington, Hamilton, Lawrence, Randolph, Somerset, and Williamstown, New Jersey; and Doylestown, Bensalem, Warminster, Levittown, and Trevose, Pennsylvania. First Bank was founded in 2007 and is headquartered in Hamilton, New Jersey.

Beat the Market (BTM) Rank^™

3.5 Analyst's Opinion

Consensus Rating
First Bank has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 1 buy rating, no hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $11.00, First Bank has a potential upside of 44.4% from its current price of $7.62.
Amount of Analyst Coverage
First Bank has only been the subject of 1 research reports in the past 90 days.

2.5 Community Rank

Outperform Votes
First Bank has received 225 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
First Bank has received 233 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
First Bank has received 50.87% “underperform” votes from our community.

MarketBeat's community ratings are surveys of what our community members think about First Bank and other stocks. Vote “Outperform” if you believe FRBA will outperform the S&P 500 over the long term. Vote “Underperform” if you believe FRBA will underperform the S&P 500 over the long term. You may vote once every thirty days.

3.3 Dividend Strength

Dividend Leadership
First Bank is a leading dividend payer. It pays a dividend yield of 1.47%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
First Bank does not have a long track record of dividend growth.
Dividend Coverage
The dividend payout ratio of First Bank is 16.22 %. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based on earnings estimates, First Bank will have a dividend payout ratio of 13.64 % next year. This indicates that First Bank will be able to sustain or increase its dividend.

1.0 Company Ownership

Insider Buying vs. Insider Selling
In the past three months, First Bank insiders have not sold or bought any company stock.
Percentage Held by Institutions
47.61% of the stock of First Bank is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.9 Earnings and Valuation

Earnings Growth
Earnings for First Bank are expected to grow by 7.32% in the coming year, from $0.82 to $0.88 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of First Bank is 10.73, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 14.99.
Price to Earnings Ratio vs. Sector
The P/E ratio of First Bank is 10.73, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 19.41.

Overall Beat the Market Rank^™

2.44 out of 5 stars

Industry, Sector and Symbol

Stock Exchange NASDAQ

Industry State commercial banks

Sub-IndustryN/A

SectorFinance

Current SymbolNASDAQ:FRBA

Previous Symbol

CUSIPN/A

CIKN/A

Webwww.firstbanknj.com

Phone609-643-4211

Debt

Debt-to-Equity Ratio0.67

Current Ratio1.10

Quick Ratio1.10

Price-To-Earnings

Trailing P/E Ratio10.73

Forward P/E Ratio9.29

P/E GrowthN/A

Sales & Book Value

Annual Sales$88.17 million

Price / Sales1.62

Cash FlowN/A

Price / Cash FlowN/A

Book ValueN/A

Price / BookN/A

Profitability

EPS (Most Recent Fiscal Year)$0.74

Net Income$13.44 million

Net Margins15.59%

Return on Equity7.12%

Return on Assets0.78%

Miscellaneous

Employees186

Outstanding Shares18,760,000

Market Cap$142.95 million

Next Earnings Date7/22/2020 (Estimated)

OptionableNot Optionable

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First Bank (NASDAQ:FRBA) Frequently Asked Questions

How has First Bank's stock been impacted by COVID-19 (Coronavirus)?

First Bank's stock was trading at $8.45 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization (WHO). Since then, FRBA shares have decreased by 9.8% and is now trading at $7.62. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of First Bank?

1 Wall Street analysts have issued "buy," "hold," and "sell" ratings for First Bank in the last year. There are currently 1 buy rating for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for First Bank.

When is First Bank's next earnings date?

First Bank is scheduled to release its next quarterly earnings announcement on Wednesday, July 22nd 2020. View our earnings forecast for First Bank.

How were First Bank's earnings last quarter?

First Bank (NASDAQ:FRBA) issued its earnings results on Monday, April, 27th. The bank reported $0.25 EPS for the quarter, beating the Zacks' consensus estimate of $0.24 by $0.01. The bank earned $17.09 million during the quarter, compared to the consensus estimate of $16.90 million. First Bank had a net margin of 15.59% and a return on equity of 7.12%. View First Bank's earnings history.

How often does First Bank pay dividends? What is the dividend yield for First Bank?

First Bank declared a quarterly dividend on Wednesday, April 29th. Stockholders of record on Friday, May 8th will be paid a dividend of $0.03 per share on Friday, May 22nd. This represents a $0.12 annualized dividend and a yield of 1.57%. The ex-dividend date is Thursday, May 7th. View First Bank's dividend history.

What price target have analysts set for FRBA?

1 equities research analysts have issued 1 year price objectives for First Bank's stock. Their forecasts range from $11.00 to $11.00. On average, they anticipate First Bank's stock price to reach $11.00 in the next twelve months. This suggests a possible upside of 44.4% from the stock's current price. View analysts' price targets for First Bank.

Has First Bank been receiving favorable news coverage?

News headlines about FRBA stock have been trending somewhat positive recently, according to InfoTrie Sentiment Analysis. The research group identifies positive and negative media coverage by monitoring more than six thousand news and blog sources in real-time. The firm ranks coverage of public companies on a scale of negative five to five, with scores closest to five being the most favorable. First Bank earned a media sentiment score of 1.4 on InfoTrie's scale. They also gave news stories about the bank a news buzz of 0.0 out of 10, indicating that recent media coverage is extremely unlikely to have an effect on the stock's share price in the next few days. View the latest news aboutFirst Bank.

Are investors shorting First Bank?

First Bank saw a increase in short interest during the month of April. As of April 30th, there was short interest totaling 84,900 shares, an increase of 13.5% from the April 15th total of 74,800 shares. Based on an average daily trading volume, of 49,600 shares, the short-interest ratio is currently 1.7 days. Approximately 0.5% of the shares of the company are short sold. View First Bank's Current Options Chain.

Who are some of First Bank's key competitors?

Some companies that are related to First Bank include Preferred Bank (PFBC), Great Southern Bancorp (GSBC), HomeStreet (HMST), Luther Burbank (LBC), Lakeland Bancorp (LBAI), Live Oak Bancshares (LOB), Bryn Mawr Bank (BMTC), Washington Trust Bancorp (WASH), Allegiance Bancshares (ABTX), Merchants Bancorp (MBIN), Old Line Bancshares, Inc. (MD) (OLBK), Heritage Commerce (HTBK), First Financial (THFF), HarborOne Bancorp (HONE) and Origin Bancorp (OBNK). View all competitors.

What other stocks do shareholders of First Bank own?

Based on aggregate information from My MarketBeat watchlists, some companies that other First Bank investors own include Micron Technology (MU), Graco (GGG), AbbVie (ABBV), EQM Midstream Partners (EQM), First Republic Bank (FRC), Alphabet (GOOG), Home Bancorp (HBCP), Hudson Technologies (HDSN), Jeld-Wen (JELD) and Pfizer (PFE).

Who are First Bank's key executives?

First Bank's management team includes the following people:

Mr. Patrick L. Ryan, Pres, CEO & Director (Age 43)
Mr. Stephen F. Carman, Exec. VP, Treasurer & CFO (Age 62)
Mr. Peter J. Cahill, Exec. VP & Chief Lending Officer (Age 62)
Mr. Gabriel K. Dragos, Sr. VP & Head of Operations
Mr. Andrew L. Hibshman, Chief Accounting Officer & First Sr. VP

What is First Bank's stock symbol?

First Bank trades on the NASDAQ under the ticker symbol "FRBA."

Who are First Bank's major shareholders?

First Bank's stock is owned by a variety of retail and institutional investors. Top institutional investors include Patriot Financial Partners GP LP (8.10%), Banc Funds Co. LLC (7.06%), BlackRock Inc. (4.84%), State Street Corp (1.82%), BHZ Capital Management LP (1.76%) and Stieven Capital Advisors L.P. (1.72%).

Which major investors are selling First Bank stock?

FRBA stock was sold by a variety of institutional investors in the last quarter, including Stieven Capital Advisors L.P., Banc Funds Co. LLC, Wellington Management Group LLP, Fourthstone LLC, Victory Capital Management Inc., Victory Capital Management Inc., Morgan Stanley, and UBS Group AG.

Which major investors are buying First Bank stock?

FRBA stock was purchased by a variety of institutional investors in the last quarter, including Patriot Financial Partners GP LP, BHZ Capital Management LP, Geode Capital Management LLC, Alliancebernstein L.P., Rhumbline Advisers, Bank of New York Mellon Corp, State Street Corp, and BlackRock Inc..

How do I buy shares of First Bank?

Shares of FRBA can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

What is First Bank's stock price today?

One share of FRBA stock can currently be purchased for approximately $7.62.

How big of a company is First Bank?

First Bank has a market capitalization of $142.95 million and generates $88.17 million in revenue each year. The bank earns $13.44 million in net income (profit) each year or $0.74 on an earnings per share basis. First Bank employs 186 workers across the globe.

What is First Bank's official website?

The official website for First Bank is www.firstbanknj.com.

How can I contact First Bank?

First Bank's mailing address is 2465 Kuser Road, Hamilton NJ, 08690. The bank can be reached via phone at 609-643-4211 or via email at [email protected]

This page was last updated on 5/28/2020 by MarketBeat.com Staff