Zacks: Analysts Set $15.00 Target Price for First Bank (FRBA)
Shares of First Bank (NASDAQ:FRBA) have been given an average broker rating score of 1.67 (Buy) from the three analysts that cover the stock, Zacks Investment Research reports. One equities research analyst has rated the stock with a hold recommendation and two have assigned a strong buy recommendation to the company. First Bank’s rating score has improved by 16.5% from three months ago as a result of a number of analysts’ upgrades and downgrades.
Brokerages have set a 1 year consensus price objective of $15.00 for the company and are forecasting that the company will post $0.18 earnings per share for the current quarter, according to Zacks. Zacks has also given First Bank an industry rank of 22 out of 265 based on the ratings given to related companies.
Several research analysts have commented on FRBA shares. ValuEngine raised shares of First Bank from a “hold” rating to a “buy” rating in a research note on Sunday, December 31st. Zacks Investment Research raised shares of First Bank from a “hold” rating to a “buy” rating and set a $15.00 price target on the stock in a research note on Thursday, November 2nd. Finally, Sandler O’Neill raised shares of First Bank from a “hold” rating to a “buy” rating and set a $15.00 price target on the stock in a research note on Wednesday, November 1st.
First Bank (FRBA) traded up $0.10 during mid-day trading on Thursday, hitting $13.90. 75,394 shares of the company’s stock traded hands, compared to its average volume of 33,405. The stock has a market capitalization of $242.37, a P/E ratio of 19.86 and a beta of 0.64. First Bank has a 52-week low of $10.60 and a 52-week high of $14.95.
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About First Bank
First Bank is a commercial bank. The Company provides a range of lending, deposit and other financial products and services. It operates through Community Banking segment, which is engaged in providing a range of commercial and retail and related banking services. It offers a range of lending products to meet the needs of its customers located within its market areas, including commercial and industrial loans, commercial real estate loans (including owner-occupied, investor, and multi-family loans), residential real estate loans, and consumer and other loans.
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