First Bank (FRBA) Declares Special Dividend of $0.02
First Bank (NASDAQ:FRBA) announced a special dividend on Thursday, November 17th. Shareholders of record on Friday, February 10th will be paid a dividend of 0.02 per share on Tuesday, February 28th. The ex-dividend date is Wednesday, February 8th.
Shares of First Bank (NASDAQ:FRBA) opened at 10.45 on Friday. The firm’s 50-day moving average price is $9.00 and its 200 day moving average price is $7.85. First Bank has a 12 month low of $6.25 and a 12 month high of $10.90. The firm has a market capitalization of $119.06 million, a P/E ratio of 19.94 and a beta of 0.28.
First Bank (NASDAQ:FRBA) last announced its quarterly earnings data on Tuesday, October 25th. The company reported $0.16 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.14 by $0.02. First Bank had a net margin of 14.05% and a return on equity of 0.81%. Analysts anticipate that First Bank will post $0.62 earnings per share for the current fiscal year.
Separately, Zacks Investment Research raised shares of First Bank from a “hold” rating to a “buy” rating and set a $10.00 price objective for the company in a report on Thursday, October 27th.
An institutional investor recently raised its position in First Bank stock. FJ Capital Management LLC increased its stake in First Bank (NASDAQ:FRBA) by 283.8% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,040,000 shares of the company’s stock after buying an additional 769,000 shares during the period. First Bank accounts for approximately 1.4% of FJ Capital Management LLC’s investment portfolio, making the stock its 24th largest position. FJ Capital Management LLC owned about 9.13% of First Bank worth $7,218,000 at the end of the most recent reporting period. 39.65% of the stock is currently owned by institutional investors and hedge funds.
First Bank Company Profile
First Bank (the Bank) is a commercial bank. The Bank provides a range of lending, deposit and other financial products and services. The Bank operates through Community Banking segment, which encompasses its primary business, which includes providing a range of commercial and retail and related banking services.
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