First Bank (NASDAQ:FRBA) Stock Crosses Below 200 Day Moving Average of $13.10

Shares of First Bank (NASDAQ:FRBA) crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $13.10 and traded as low as $12.21. First Bank shares last traded at $12.29, with a volume of 31,598 shares trading hands.

Analyst Upgrades and Downgrades

Separately, Piper Sandler reduced their target price on First Bank from $16.00 to $15.00 and set an “overweight” rating for the company in a report on Wednesday, April 24th.

First Bank Stock Up 0.9 %

The business’s 50-day moving average price is $12.74 and its 200-day moving average price is $13.10. The firm has a market capitalization of $240.52 million, a PE ratio of 10.88 and a beta of 0.92. The company has a quick ratio of 1.08, a current ratio of 1.09 and a debt-to-equity ratio of 0.63.

First Bank Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 24th. Stockholders of record on Friday, May 10th will be paid a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.95%. The ex-dividend date of this dividend is Thursday, May 9th. First Bank’s dividend payout ratio (DPR) is presently 21.24%.

Institutional Investors Weigh In On First Bank

Institutional investors have recently made changes to their positions in the company. New York State Common Retirement Fund lifted its holdings in First Bank by 766.6% in the 3rd quarter. New York State Common Retirement Fund now owns 9,550 shares of the bank’s stock worth $103,000 after purchasing an additional 8,448 shares during the last quarter. BNP Paribas Financial Markets lifted its stake in shares of First Bank by 88.0% in the first quarter. BNP Paribas Financial Markets now owns 10,013 shares of the bank’s stock worth $138,000 after buying an additional 4,688 shares during the last quarter. SG Americas Securities LLC bought a new stake in shares of First Bank during the 4th quarter worth $165,000. Commonwealth Equity Services LLC acquired a new position in First Bank in the 3rd quarter valued at $212,000. Finally, Denali Advisors LLC bought a new position in First Bank in the 1st quarter worth $293,000. 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.