First Bank (NASDAQ:FRBA) Stock Price Passes Below Fifty Day Moving Average of $10.77

First Bank (NASDAQ:FRBA) passed below its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $10.77 and traded as low as $10.68. First Bank shares last traded at $10.68, with a volume of 311 shares trading hands.

Separately, ValuEngine upgraded shares of First Bank from a “sell” rating to a “hold” rating in a research note on Wednesday, October 2nd.

The company has a 50-day moving average of $10.78 and a 200 day moving average of $11.03. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.13 and a current ratio of 1.13. The firm has a market cap of $203.17 million, a P/E ratio of 14.25 and a beta of 0.39.

First Bank (NASDAQ:FRBA) last released its quarterly earnings data on Wednesday, October 30th. The bank reported $0.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.20 by ($0.02). First Bank had a return on equity of 7.16% and a net margin of 16.75%. The company had revenue of $14.88 million for the quarter.

The company also recently announced a quarterly dividend, which was paid on Friday, November 22nd. Investors of record on Friday, November 8th were given a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a dividend yield of 1.12%. The ex-dividend date was Thursday, November 7th.

Hedge funds have recently made changes to their positions in the stock. Patriot Financial Partners GP LP increased its holdings in shares of First Bank by 27.4% during the second quarter. Patriot Financial Partners GP LP now owns 1,163,477 shares of the bank’s stock worth $13,659,000 after buying an additional 250,000 shares in the last quarter. BlackRock Inc. increased its holdings in First Bank by 4.8% during the 2nd quarter. BlackRock Inc. now owns 859,843 shares of the bank’s stock valued at $10,094,000 after purchasing an additional 39,021 shares in the last quarter. JPMorgan Chase & Co. raised its position in First Bank by 253.9% in the 2nd quarter. JPMorgan Chase & Co. now owns 52,708 shares of the bank’s stock valued at $604,000 after purchasing an additional 37,814 shares during the last quarter. Perigon Wealth Management LLC bought a new position in First Bank in the 2nd quarter valued at $410,000. Finally, Vanguard Group Inc. raised its position in First Bank by 2.7% in the 2nd quarter. Vanguard Group Inc. now owns 953,593 shares of the bank’s stock valued at $11,196,000 after purchasing an additional 24,652 shares during the last quarter. 48.24% of the stock is owned by hedge funds and other institutional investors.

First Bank Company Profile (NASDAQ:FRBA)

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.

See Also: Return on Investment (ROI)

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