First Bank (FRBA) to Issue Quarterly Dividend of $0.09 on February 20th

First Bank (NASDAQ:FRBA) declared a quarterly dividend on Wednesday, January 28th, NASDAQ Dividends reports. Investors of record on Friday, February 6th will be paid a dividend of 0.09 per share by the bank on Friday, February 20th. This represents a c) dividend on an annualized basis and a yield of 2.2%. The ex-dividend date of this dividend is Friday, February 6th.

First Bank has raised its dividend by an average of 0.1%per year over the last three years. First Bank has a payout ratio of 13.2% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect First Bank to earn $1.80 per share next year, which means the company should continue to be able to cover its $0.24 annual dividend with an expected future payout ratio of 13.3%.

First Bank Price Performance

Shares of FRBA opened at $16.50 on Friday. The firm has a 50 day simple moving average of $16.60 and a two-hundred day simple moving average of $16.11. First Bank has a one year low of $12.74 and a one year high of $18.11. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.14 and a current ratio of 1.14.

First Bank (NASDAQ:FRBA) last announced its quarterly earnings data on Monday, January 26th. The bank reported $0.49 earnings per share for the quarter, hitting the consensus estimate of $0.49. First Bank had a return on equity of 10.32% and a net margin of 17.76%.The business had revenue of $38.46 million during the quarter, compared to the consensus estimate of $37.42 million. On average, equities research analysts anticipate that First Bank will post 1.78 EPS for the current year.

First Bank Company Profile

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.