First Bank (NASDAQ:FRBA – Get Free Report) issued its quarterly earnings results on Wednesday. The bank reported $0.47 EPS for the quarter, topping analysts’ consensus estimates of $0.40 by $0.07, Zacks reports. First Bank had a return on equity of 11.88% and a net margin of 13.63%. The company had revenue of $56.25 million during the quarter, compared to analyst estimates of $31.95 million. During the same period in the previous year, the company earned $0.36 earnings per share.
First Bank Stock Performance
Shares of NASDAQ FRBA traded up $0.26 during trading hours on Thursday, reaching $15.18. The stock had a trading volume of 116,286 shares, compared to its average volume of 50,232. The business’s fifty day moving average is $12.57 and its two-hundred day moving average is $12.94. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.08 and a quick ratio of 1.08. The company has a market cap of $297.07 million, a price-to-earnings ratio of 13.48 and a beta of 0.95. First Bank has a twelve month low of $10.51 and a twelve month high of $15.41.
First Bank Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Friday, May 24th. Investors of record on Friday, May 10th were paid a $0.06 dividend. The ex-dividend date of this dividend was Thursday, May 9th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.58%. First Bank’s payout ratio is 21.24%.
Wall Street Analysts Forecast Growth
Get Our Latest Analysis on FRBA
First Bank Company 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.
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