First Bank (FRBA) Receives Coverage Optimism Score of 0.10

News headlines about First Bank (NASDAQ:FRBA) have been trending somewhat positive on Tuesday, Accern reports. Accern scores the sentiment of media coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. First Bank earned a coverage optimism score of 0.10 on Accern’s scale. Accern also gave headlines about the bank an impact score of 46.6333808610717 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.

Several equities research analysts recently weighed in on FRBA shares. Zacks Investment Research raised shares of First Bank from a “hold” rating to a “strong-buy” rating and set a $17.00 target price on the stock in a research note on Friday, January 12th. BidaskClub downgraded shares of First Bank from a “hold” rating to a “sell” rating in a research note on Saturday, January 20th. One investment analyst has rated the stock with a sell rating and four have assigned a buy rating to the stock. First Bank currently has a consensus rating of “Buy” and an average price target of $15.00.

FRBA traded down $0.15 during trading hours on Tuesday, hitting $13.90. 11,200 shares of the company’s stock were exchanged, compared to its average volume of 20,373. First Bank has a 12-month low of $11.15 and a 12-month high of $14.95. The company has a market cap of $244.99 million, a P/E ratio of 19.31 and a beta of 0.54.

First Bank (NASDAQ:FRBA) last announced its earnings results on Monday, April 23rd. The bank reported $0.23 earnings per share for the quarter, missing the consensus estimate of $0.25 by ($0.02). The company had revenue of $13.12 million for the quarter, compared to analysts’ expectations of $12.85 million. research analysts predict that First Bank will post 1.07 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 25th. Shareholders of record on Friday, May 11th will be given a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.86%. The ex-dividend date of this dividend is Thursday, May 10th. First Bank’s dividend payout ratio is presently 16.67%.

First Bank Company Profile

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.

Insider Buying and Selling by Quarter for First Bank (NASDAQ:FRBA)

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