First Bank (FRBA) Receiving Positive Press Coverage, Report Shows

News coverage about First Bank (NASDAQ:FRBA) has trended positive recently, Accern Sentiment Analysis reports. Accern identifies positive and negative press coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. First Bank earned a coverage optimism score of 0.28 on Accern’s scale. Accern also gave media coverage about the bank an impact score of 45.7124266903483 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near future.

First Bank (NASDAQ:FRBA) traded down 2.03% during trading on Friday, hitting $12.05. 43,361 shares of the company’s stock traded hands. First Bank has a 12-month low of $7.96 and a 12-month high of $14.80. The firm’s 50-day moving average price is $12.40 and its 200 day moving average price is $12.46. The stock has a market cap of $180.93 million, a P/E ratio of 18.92 and a beta of 0.56.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, August 24th. Shareholders of record on Thursday, August 10th will be issued a dividend of $0.02 per share. This represents a $0.08 annualized dividend and a yield of 0.66%. The ex-dividend date of this dividend is Tuesday, August 8th. First Bank’s dividend payout ratio is currently 12.50%.

Several equities analysts have commented on the stock. Zacks Investment Research downgraded shares of First Bank from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 1st. Robert W. Baird upgraded shares of First Bank from a “neutral” rating to an “outperform” rating and set a $14.00 price target for the company in a research note on Tuesday, May 30th. Finally, ValuEngine upgraded shares of First Bank from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd.

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First Bank Company Profile

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, construction and development and multi-family loans), residential real estate loans, and consumer and other loans.

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

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