First Bank - FRBA Stock Forecast, Price & News

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 and other loans that include auto, personal, and traditional installment 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; remote deposit capture; and cash management services. As of December 31, 2021, it operated 18 full-service branches in Cinnaminson, Cranbury, Delanco, Denville, Ewing, Flemington, Hamilton, Hamilton, Lawrence, Mercerville, Pennington, Randolph, Somerset, and Williamstown counties in New Jersey, as well as Doylestown, Trevose, Warminster, and West Chester counties in Pennsylvania. First Bank was incorporated in 2007 and is headquartered in Hamilton, New Jersey.

First Bank Price Performance

FRBA Stock opened at $16.20 on Friday. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.38. The business has a fifty day moving average price of $14.36 and a 200 day moving average price of $14.28. First Bank has a fifty-two week low of $12.61 and a fifty-two week high of $16.21.

First Bank (NASDAQ:FRBA - Get Rating) last released its quarterly earnings results on Tuesday, July 26th. The bank reported $0.45 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.43 by $0.02. First Bank had a return on equity of 12.88% and a net margin of 33.84%. During the same period in the previous year, the business earned $0.45 earnings per share. On average, analysts anticipate that First Bank will post 1.88 earnings per share for the current year.

First Bank Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 26th. Investors of record on Friday, August 12th will be given a $0.06 dividend. This represents a $0.24 annualized dividend and a yield of 1.48%. The ex-dividend date is Thursday, August 11th. First Bank's dividend payout ratio (DPR) is presently 13.95%.

Analyst Ratings Changes

Separately, StockNews.com raised shares of First Bank from a "hold" rating to a "buy" rating in a research note on Wednesday, July 13th.