First Bank (FRBA) Scheduled to Post Earnings on Monday
First Bank (NASDAQ:FRBA) is set to announce its earnings results after the market closes on Monday, October 22nd. Analysts expect the company to announce earnings of $0.24 per share for the quarter.
First Bank (NASDAQ:FRBA) last issued its quarterly earnings results on Tuesday, July 24th. The bank reported $0.22 EPS for the quarter, missing the consensus estimate of $0.26 by ($0.04). The company had revenue of $14.39 million for the quarter, compared to the consensus estimate of $13.67 million. On average, analysts expect First Bank to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.
Shares of NASDAQ:FRBA opened at $11.87 on Friday. The stock has a market cap of $214.83 million, a P/E ratio of 16.49 and a beta of 0.52. First Bank has a 12 month low of $11.15 and a 12 month high of $15.00.
A hedge fund recently raised its stake in First Bank stock. Bank of New York Mellon Corp boosted its position in shares of First Bank (NASDAQ:FRBA) by 294.8% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 51,992 shares of the bank’s stock after purchasing an additional 38,823 shares during the period. Bank of New York Mellon Corp owned about 0.30% of First Bank worth $723,000 as of its most recent SEC filing. 50.13% of the stock is currently owned by hedge funds and other institutional investors.
About First Bank
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.
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