For its third fiscal quarter (ending September 30), First Bank (NASDAQ: FRBA) has reported E.P.S. of $0.32 compared to $-0.05 a year ago. For the latest four quarters through September 30, E.P.S. were $1.60 compared to $1.07 a year ago.
Recent Price Action
First Bank (NASDAQ: FRBA) stock closed at $14.97 on 10/23/24 after a modest gain of 0.7%. However, trading volume in this advance was below average at 67% of normal. The stock has declined -1.3% during the last week but has been strong relative to the market over the last nine months.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to be above the cost of capital, FRBA is expected to continue to be a modest Value Builder.
First Bank has a current Value Trend Rating of A (Highest Rating). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing highly consistent signals. First Bank has a good Power Rating of 74 and a good Appreciation Score of 80, producing 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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