Shares of First Bank (NASDAQ:FRBA) have earned an average broker rating score of 1.00 (Strong Buy) from the one brokers that cover the company, Zacks Investment Research reports. One investment analyst has rated the stock with a strong buy rating.
Brokerages have set a 1-year consensus target price of $10.00 for the company and are predicting that the company will post $0.14 earnings per share for the current quarter, according to Zacks. Zacks has also assigned First Bank an industry rank of 181 out of 265 based on the ratings given to its competitors.
Separately, Zacks Investment Research raised First Bank from a “hold” rating to a “buy” rating and set a $7.75 price target on the stock in a research note on Wednesday, July 13th.
Hedge funds have recently added to or reduced their stakes in the stock. Emerald Mutual Fund Advisers Trust boosted its stake in First Bank by 1,253.3% in the second quarter. Emerald Mutual Fund Advisers Trust now owns 188,963 shares of the company’s stock worth $1,311,000 after buying an additional 175,000 shares in the last quarter. Punch & Associates Investment Management Inc. boosted its stake in First Bank by 13.6% in the second quarter. Punch & Associates Investment Management Inc. now owns 269,249 shares of the company’s stock worth $1,869,000 after buying an additional 32,334 shares in the last quarter. Banc Funds Co. LLC boosted its stake in First Bank by 103.8% in the second quarter. Banc Funds Co. LLC now owns 873,734 shares of the company’s stock worth $6,064,000 after buying an additional 445,000 shares in the last quarter. Finally, FJ Capital Management LLC boosted its stake in First Bank by 283.8% in the second quarter. FJ Capital Management LLC now owns 1,040,000 shares of the company’s stock worth $7,218,000 after buying an additional 769,000 shares in the last quarter. Institutional investors and hedge funds own 39.44% of the company’s stock.
First Bank (NASDAQ:FRBA) remained flat at $8.35 during midday trading on Thursday. The company has a 50-day moving average price of $8.29 and a 200 day moving average price of $7.33. The firm has a market capitalization of $95.12 million, a P/E ratio of 18.93 and a beta of 0.33. First Bank has a 12 month low of $6.14 and a 12 month high of $8.99.
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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