First Bank (NASDAQ:FRBA) Declares $0.06 Quarterly Dividend

First Bank (NASDAQ:FRBA) announced a quarterly dividend on Monday, April 22nd, Zacks reports. Stockholders of record on Friday, May 10th will be given a dividend of 0.06 per share by the bank on Friday, May 24th. This represents a $0.24 annualized dividend and a dividend yield of 2.02%. The ex-dividend date is Thursday, May 9th.

First Bank has raised its dividend by an average of 26.0% per year over the last three years. First Bank has a payout ratio of 13.3% meaning its dividend is sufficiently covered by earnings. Equities analysts expect First Bank to earn $1.82 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 13.2%.

First Bank Stock Down 3.7 %

Shares of NASDAQ:FRBA traded down $0.45 during mid-day trading on Wednesday, hitting $11.87. 5,320 shares of the company traded hands, compared to its average volume of 50,491. The stock has a market cap of $232.30 million, a P/E ratio of 10.90 and a beta of 0.87. The company has a current ratio of 1.09, a quick ratio of 1.08 and a debt-to-equity ratio of 0.63. First Bank has a 12-month low of $8.59 and a 12-month high of $15.17. The stock has a 50-day moving average price of $13.06 and a two-hundred day moving average price of $13.05.

First Bank (NASDAQ:FRBA) last announced its earnings results on Wednesday, January 24th. The bank reported $0.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.37 by $0.12. The company had revenue of $28.00 million for the quarter, compared to analysts’ expectations of $30.95 million. First Bank had a return on equity of 12.23% and a net margin of 13.63%. On average, equities research analysts forecast that First Bank will post 1.73 earnings per share 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.