2 weeks Ago By ABMN Staff
American Century Companies Inc. lowered its stake in shares of First Bank ( NASDAQ:FRBA – Free Report ) by 1.2% during the 2nd quarter, HoldingsChannel reports.
The fund owned 138,900 shares of the bank’s stock after selling 1,719 shares during the period. American Century Companies Inc.’s holdings in First Bank were worth $1,770,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors have also recently made changes to their positions in the stock. Allspring Global Investments Holdings LLC bought a new position in First Bank in the second quarter valued at $71,000. BNP Paribas Financial Markets increased its stake in First Bank by 88.
0% in the first quarter. BNP Paribas Financial Markets now owns 10,013 shares of the bank’s stock valued at $138,000 after acquiring an additional 4,688 shares during the last quarter. Bryn Mawr Capital Management LLC increased its stake in First Bank by 1,377.
1% in the second quarter. Bryn Mawr Capital Management LLC now owns 21,935 shares of the bank’s stock valued at $279,000 after acquiring an additional 20,450 shares during the last quarter. Quadrature Capital Ltd bought a new position in First Bank in the first quarter valued at $283,000.
Finally, Denali Advisors LLC bought a new position in First Bank in the first quarter valued at $293,000. Hedge funds and other institutional investors own 64.86% of the company’s stock.
First Bank Stock Performance NASDAQ FRBA opened at $15.02 on Monday. The company has a 50-day simple moving average of $14.
97 and a two-hundred day simple moving average of $13.37. The company has a quick ratio of 1.
08, a current ratio of 1.08 and a debt-to-equity ratio of 0.55.
First Bank has a 12-month low of $10.51 and a 12-month high of $15.87.
The firm has a market cap of $293.93 million, a price-to-earnings ratio of 13.29 and a beta of 0.
94. First Bank Announces Dividend The firm also recently declared a quarterly dividend, which was paid on Friday, August 23rd. Shareholders of record on Friday, August 9th were given a dividend of $0.
06 per share. The ex-dividend date of this dividend was Friday, August 9th. This represents a $0.
24 annualized dividend and a yield of 1.60%. First Bank’s payout ratio is 21.
24%. Analysts Set New Price Targets Several research firms have issued reports on FRBA. Piper Sandler upped their price target on shares of First Bank from $14.
00 to $18.00 and gave the company an “overweight” rating in a research report on Tuesday, July 30th. StockNews.
com lowered shares of First Bank from a “buy” rating to a “hold” rating in a research report on Friday, July 19th. Read Our Latest Stock Report on First Bank About 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 Also Want to see what other hedge funds are holding FRBA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for First Bank ( NASDAQ:FRBA – Free Report ). Receive News & Ratings for First Bank Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for First Bank and related companies with MarketBeat.
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