DA Davidson Has Positive View of First Bank FY2025 Earnings

First Bank (NASDAQ:FRBA) – Investment analysts at DA Davidson increased their FY2025 earnings per share (EPS) estimates for shares of First Bank in a note issued to investors on Tuesday, January 28th. DA Davidson analyst M. Navas now expects that the bank will earn $1.85 per share for the year, up from their prior forecast of $1.60. The consensus estimate for First Bank’s current full-year earnings is $1.65 per share.

Other analysts also recently issued research reports about the company. StockNews.com downgraded First Bank from a “buy” rating to a “hold” rating in a research note on Monday. Piper Sandler reiterated an “overweight” rating and issued a $17.00 price target (down from $18.00) on shares of First Bank in a research report on Wednesday, October 30th.

First Bank Stock Performance

First Bank stock opened at $15.28 on Thursday. First Bank has a 12-month low of $11.20 and a 12-month high of $15.87. The stock has a market capitalization of $299.03 million, a PE ratio of 9.61 and a beta of 0.95. The firm has a 50 day simple moving average of $14.28 and a 200-day simple moving average of $14.64. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.11 and a quick ratio of 1.11.

First Bank (NASDAQ:FRBA) last issued its quarterly earnings data on Thursday, January 23rd. The bank reported $0.42 earnings per share for the quarter, beating analysts’ consensus estimates of $0.39 by $0.03. First Bank had a net margin of 18.19% and a return on equity of 11.65%.

First Bank Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 21st. Stockholders of record on Friday, February 7th will be paid a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a dividend yield of 1.57%. The ex-dividend date is Friday, February 7th. First Bank’s dividend payout ratio is presently 15.09%.

Hedge Funds Weigh In On First Bank

Hedge funds have recently modified their holdings of the stock. Dimensional Fund Advisors LP boosted its position in shares of First Bank by 4.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 834,690 shares of the bank’s stock valued at $10,633,000 after purchasing an additional 38,256 shares during the period. Hsbc Holdings PLC purchased a new stake in First Bank during the second quarter valued at about $162,000. SG Americas Securities LLC acquired a new position in shares of First Bank in the third quarter worth about $113,000. IAM Advisory LLC increased its position in shares of First Bank by 0.4% in the third quarter. IAM Advisory LLC now owns 187,430 shares of the bank’s stock worth $2,849,000 after acquiring an additional 748 shares in the last quarter. Finally, Inspire Investing LLC acquired a new stake in shares of First Bank during the third quarter valued at approximately $827,000. 64.86% of the stock is currently owned by institutional investors and hedge funds.

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.