What is DA Davidson’s Estimate for First Bank Q4 Earnings?

First Bank (NASDAQ:FRBA) – Analysts at DA Davidson issued their Q4 2024 earnings per share estimates for shares of First Bank in a research note issued to investors on Tuesday, October 29th. DA Davidson analyst M. Navas forecasts that the bank will post earnings per share of $0.38 for the quarter. The consensus estimate for First Bank’s current full-year earnings is $1.70 per share. DA Davidson also issued estimates for First Bank’s FY2025 earnings at $1.65 EPS.

Other analysts have also recently issued research reports about the company. Piper Sandler lifted their price target on First Bank from $14.00 to $18.00 and gave the company an “overweight” rating in a report on Tuesday, July 30th. StockNews.com cut First Bank from a “buy” rating to a “hold” rating in a report on Friday, July 19th.

First Bank Stock Down 1.3 %

FRBA opened at $14.20 on Wednesday. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.08 and a quick ratio of 1.08. The stock has a market capitalization of $277.88 million, a price-to-earnings ratio of 12.57 and a beta of 0.93. The business has a 50-day moving average of $15.01 and a two-hundred day moving average of $13.63. First Bank has a 12 month low of $10.80 and a 12 month high of $15.87.

First Bank (NASDAQ:FRBA) last posted 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 business had revenue of $58.64 million during the quarter, compared to analysts’ expectations of $32.96 million. First Bank had a net margin of 14.48% and a return on equity of 12.38%. During the same quarter last year, the firm earned $0.42 EPS.

Hedge Funds Weigh In On First Bank

Several hedge funds and other institutional investors have recently modified their holdings of FRBA. Inspire Investing LLC acquired a new position in shares of First Bank in the 3rd quarter valued at about $827,000. Dimensional Fund Advisors LP lifted its position in First Bank by 4.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 834,690 shares of the bank’s stock worth $10,633,000 after acquiring an additional 38,256 shares in the last quarter. Denali Advisors LLC acquired a new position in First Bank during the 1st quarter worth approximately $293,000. Quadrature Capital Ltd acquired a new position in First Bank during the 1st quarter worth approximately $283,000. Finally, Bryn Mawr Capital Management LLC lifted its position in First Bank by 1,377.1% during the 2nd quarter. Bryn Mawr Capital Management LLC now owns 21,935 shares of the bank’s stock worth $279,000 after acquiring an additional 20,450 shares in the last quarter. 64.86% of the stock is owned by institutional investors and hedge funds.

First Bank Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 22nd. Stockholders of record on Friday, November 8th will be paid a $0.06 dividend. This represents a $0.24 annualized dividend and a dividend yield of 1.69%. The ex-dividend date is Friday, November 8th. First Bank’s dividend payout ratio is currently 21.24%.

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.