First Bank (FRBA) To Go Ex-Dividend on February 6th

First Bank (NASDAQ:FRBA) announced a quarterly dividend on Wednesday, January 28th, NASDAQ Dividends reports. Stockholders of record on Friday, February 6th will be paid a dividend of 0.09 per share by the bank on Friday, February 20th. This represents a c) annualized dividend and a dividend yield of 2.1%. The ex-dividend date is Friday, February 6th.

First Bank has increased its dividend payment by an average of 0.1%per year over the last three years. First Bank has a payout ratio of 19.8% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect First Bank to earn $1.80 per share next year, which means the company should continue to be able to cover its $0.36 annual dividend with an expected future payout ratio of 20.0%.

First Bank Price Performance

Shares of FRBA opened at $17.27 on Wednesday. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.14 and a current ratio of 1.14. The business has a fifty day moving average of $16.66 and a 200 day moving average of $16.14. First Bank has a 52-week low of $12.74 and a 52-week high of $18.11.

First Bank (NASDAQ:FRBA) last released its quarterly earnings results on Monday, January 26th. The bank reported $0.49 EPS for the quarter, hitting analysts’ consensus estimates of $0.49. First Bank had a net margin of 17.76% and a return on equity of 10.32%. The firm had revenue of $38.46 million during the quarter, compared to analysts’ expectations of $37.42 million. On average, research analysts predict that First Bank will post 1.78 EPS for the current fiscal year.

About First Bank

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. It also offers various loan products comprising commercial and industrial loans, which include line of credit, inventory, equipment, and short-term working capital financing; commercial real estate loans, such as owner-occupied, investor, construction and development, and multi-family loans; residential real estate loans comprising residential mortgages, first and second lien home equity loans, and revolving lines of credit; and consumer and other loans consists of auto, personal, traditional installment, and other loans.