4 hours Ago By Defense World Staff
Renaissance Technologies LLC cut its stake in First Bank (NASDAQ:FRBA – Free Report) by 2.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 64,756 shares of the bank’s stock after selling 1,595 shares during the quarter.
Renaissance Technologies LLC owned 0.33% of First Bank worth $911,000 at the end of the most recent quarter. Other institutional investors and hedge funds also recently modified their holdings of the company.
Picton Mahoney Asset Management bought a new stake in shares of First Bank in the 4th quarter valued at about $31,000. FNY Investment Advisers LLC acquired a new stake in First Bank during the 4th quarter worth approximately $98,000. SG Americas Securities LLC lifted its stake in First Bank by 26.
7% in the fourth quarter. SG Americas Securities LLC now owns 9,419 shares of the bank’s stock valued at $133,000 after buying an additional 1,982 shares in the last quarter. Wells Fargo & Company MN boosted its holdings in shares of First Bank by 27.
6% in the fourth quarter. Wells Fargo & Company MN now owns 12,452 shares of the bank’s stock valued at $175,000 after buying an additional 2,697 shares during the period. Finally, Bailard Inc.
bought a new stake in shares of First Bank during the fourth quarter worth $398,000. 64.86% of the stock is owned by institutional investors.
First Bank Trading Down 0.1 %FRBA opened at $14.38 on Thursday.
The stock has a market capitalization of $281.42 million, a P/E ratio of 8.61 and a beta of 0.
76. First Bank has a 12 month low of $11.20 and a 12 month high of $15.
87. The firm’s fifty day simple moving average is $14.33 and its 200 day simple moving average is $14.
50. The company has a current ratio of 1.11, a quick ratio of 1.
11 and a debt-to-equity ratio of 0.66. First Bank (NASDAQ:FRBA – Get Free Report) last issued its quarterly earnings results on Tuesday, April 22nd.
The bank reported $0.37 EPS for the quarter, missing the consensus estimate of $0.39 by ($0.
02). First Bank had a return on equity of 11.06% and a net margin of 18.
41%. The business had revenue of $33.95 million for the quarter, compared to the consensus estimate of $33.
52 million. During the same period last year, the firm earned $0.49 earnings per share.
As a group, research analysts anticipate that First Bank will post 1.78 EPS for the current fiscal year. First Bank Dividend AnnouncementThe firm also recently declared a quarterly dividend, which will be paid on Friday, May 23rd.
Shareholders of record on Friday, May 9th will be given a dividend of $0.06 per share. The ex-dividend date is Friday, May 9th.
This represents a $0.24 annualized dividend and a yield of 1.67%.
First Bank’s dividend payout ratio (DPR) is presently 15.58%. Analyst Ratings ChangesSeveral equities research analysts recently commented on FRBA shares.
StockNews.com cut shares of First Bank from a “buy” rating to a “hold” rating in a research report on Monday, January 27th. Hovde Group boosted their price objective on shares of First Bank from $17.
00 to $17.50 and gave the company an “outperform” rating in a research report on Thursday, April 24th.View Our Latest Stock Report on First BankAbout First Bank (Free Report)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.See AlsoFive stocks we like better than First BankDiversification Can Smooth Returns And Mitigate Portfolio RiskWhy D-Wave’s Project With Davidson Is a Game-Changer For QuantumHow to Short a Stock in 5 Easy Steps Hims & Hers Stock Soars on Novo Nordisk CollaborationDo ETFs Pay Dividends? What You Need to KnowAmazon’s Earnings Will Make or Break the Stock’s Comeback.
