First Bank (NASDAQ: FRBA) has reported earnings for its first fiscal quarter (ending March 31) of $0.50 versus $0.36 for the same period a year ago. E.P.S. were $1.14 for the latest four quarters through March 31 versus $1.80 for the same period a year ago.
Recent Price Action
First Bank (NASDAQ: FRBA) stock declined modestly by -1.8% on 4/22/24. The stock closed at $12.49. Moreover, above average trading volume at 123% of normal accompanied the decline. The stock has risen 0.7% during the last week and has been strong relative to the market over the last nine months.
Current PriceTarget Research Rating
FRBA’s future returns on capital are forecasted to be above the cost of capital. Accordingly, the company is expected to continue to be a modest Value Builder.
First Bank has a current Value Trend Rating of A (Highest Rating). This rating combines highly consistent signals from two proprietary PTR measures of a stock’s attractiveness. First Bank has a good Power Rating of 83 and a good Appreciation Score of 84, triggering the Highest Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of A. This review will be completed in the next several days.
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