First Bank Plans Quarterly Dividend of $0.09 (NASDAQ:FRBA)

First Bank (NASDAQ:FRBA) declared a quarterly dividend on Monday, July 27th. Shareholders of record on Friday, August 7th will be given a dividend of 0.09 per share by the bank on Friday, August 21st. This represents a c) dividend on an annualized basis and a yield of 1.9%. The ex-dividend date is Friday, August 7th.

First Bank has increased its dividend payment by an average of 0.1%annually over the last three years. First Bank has a payout ratio of 19.8% meaning its dividend is sufficiently covered by earnings. Equities analysts expect First Bank to earn $1.77 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 20.3%.

First Bank Trading Up 3.6%

First Bank stock traded up $0.65 during midday trading on Monday, reaching $18.63. The stock had a trading volume of 132,565 shares, compared to its average volume of 77,281. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.57. The firm has a market cap of $467.61 million, a price-to-earnings ratio of 11.02 and a beta of 0.53. First Bank has a 52-week low of $14.40 and a 52-week high of $18.75. The company has a fifty day moving average of $16.69 and a 200 day moving average of $16.42.

First Bank (NASDAQ:FRBA) last released its quarterly earnings data on Thursday, July 23rd. The bank reported $0.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.40 by $0.03. The company had revenue of $36.95 million during the quarter, compared to analysts’ expectations of $37.23 million. First Bank had a net margin of 17.45% and a return on equity of 9.63%. On average, analysts anticipate that First Bank will post 1.56 earnings per share 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.