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

First Bank (NASDAQ:FRBA) declared a quarterly dividend on Thursday, October 22nd. Shareholders of record on Friday, November 6th will be given a dividend of $0.12 per share by the bank on Friday, November 20th. This represents a $0.48 annualized dividend and a yield of 2.4%. The ex-dividend date is Friday, November 6th. This is a 33.3% increase from First Bank’s previous quarterly dividend of $0.09.

First Bank has raised its dividend payment by an average of 0.1% annually over the last three years. First Bank has a dividend payout ratio of 26.4% indicating that its dividend is sufficiently covered by earnings. Analysts expect First Bank to earn $1.81 per share next year, which means the company should continue to be able to cover its $0.48 annual dividend with an expected future payout ratio of 26.5%.

First Bank Price Performance

NASDAQ FRBA opened at $20.08 on Wednesday. First Bank has a 52 week low of $14.40 and a 52 week high of $20.20. The company has a market capitalization of $504.01 million, a P/E ratio of 11.74 and a beta of 0.53. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.61. The stock’s 50-day moving average price is $18.07 and its 200-day moving average price is $17.05.

First Bank (NASDAQ:FRBA) last issued its quarterly earnings results on Thursday, October 22nd. The bank reported $0.49 EPS for the quarter, topping analysts’ consensus estimates of $0.44 by $0.05. The company had revenue of $38.76 million during the quarter, compared to analysts’ expectations of $37.70 million. First Bank had a return on equity of 9.58% and a net margin of 17.73%. On average, equities research analysts predict that First Bank will post 1.62 earnings per share for the current year.

About First Bank

First Bank (NASDAQ: FRBA) is a community-focused commercial bank headquartered in Hamilton, New Jersey. Founded in 2007, the bank provides banking services to businesses, individuals and organizations in New Jersey and eastern Pennsylvania.

Its products and services include commercial and industrial loans, commercial real estate financing, residential mortgage loans, consumer lending, checking and savings accounts, certificates of deposit, cash-management services and online banking. First Bank emphasizes relationship-based banking and serves small and mid-sized businesses, professionals, nonprofit organizations and individual customers.

First Bank operates a network of branches in central and southern New Jersey and the greater Philadelphia region.