BidaskClub lowered shares of First Bank (NASDAQ:FRBA) from a hold rating to a sell rating in a report released on Saturday morning.

Several other equities analysts also recently weighed in on the stock. Zacks Investment Research upgraded shares of First Bank from a hold rating to a strong-buy rating and set a $17.00 target price for the company in a report on Friday, January 12th. ValuEngine upgraded shares of First Bank from a hold rating to a buy rating in a report on Sunday, December 31st. Finally, Sandler O’Neill upgraded shares of First Bank from a hold rating to a buy rating and set a $15.00 target price for the company in a report on Wednesday, November 1st. One investment analyst has rated the stock with a sell rating, three have given a buy rating and one has assigned a strong buy rating to the stock. First Bank currently has an average rating of Buy and an average price target of $15.33.

First Bank (NASDAQ FRBA) remained flat at $$14.45 during trading hours on Friday. 7,337 shares of the stock were exchanged, compared to its average volume of 23,065. First Bank has a 1-year low of $10.60 and a 1-year high of $14.95. The stock has a market capitalization of $251.96, a PE ratio of 22.58 and a beta of 0.64.

First Bank (NASDAQ:FRBA) last posted its earnings results on Monday, October 30th. The bank reported $0.21 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.15 by $0.06. analysts expect that First Bank will post 0.67 earnings per share for the current fiscal year.

A number of large investors have recently bought and sold shares of the business. First National Bank & Trust Co. of Newtown purchased a new position in First Bank during the 4th quarter valued at about $525,000. Dimensional Fund Advisors LP grew its holdings in shares of First Bank by 30.6% during the third quarter. Dimensional Fund Advisors LP now owns 52,694 shares of the bank’s stock worth $701,000 after buying an additional 12,354 shares in the last quarter. Stieven Capital Advisors L.P. grew its holdings in shares of First Bank by 1.8% during the third quarter. Stieven Capital Advisors L.P. now owns 507,900 shares of the bank’s stock worth $6,755,000 after buying an additional 9,200 shares in the last quarter. First Trust Advisors LP purchased a new stake in shares of First Bank during the third quarter worth about $134,000. Finally, Navellier & Associates Inc grew its holdings in shares of First Bank by 15.0% during the second quarter. Navellier & Associates Inc now owns 11,500 shares of the bank’s stock worth $134,000 after buying an additional 1,500 shares in the last quarter. Hedge funds and other institutional investors own 36.78% of the company’s stock.

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

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