Wilmington Savings Fund Society FSB bought a new stake in shares of First Bank (NASDAQ:FRBA - Free Report) in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 254,719 shares of the bank's stock, valued at approximately $3,872,000. Wilmington Savings Fund Society FSB owned approximately 1.30% of First Bank as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Barclays PLC raised its holdings in shares of First Bank by 64.7% during the 3rd quarter. Barclays PLC now owns 52,462 shares of the bank's stock worth $797,000 after acquiring an additional 20,602 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of First Bank by 1.1% in the 3rd quarter. Geode Capital Management LLC now owns 469,214 shares of the bank's stock worth $7,133,000 after buying an additional 5,105 shares in the last quarter. Wellington Management Group LLP increased its holdings in shares of First Bank by 24.0% in the 3rd quarter. Wellington Management Group LLP now owns 835,748 shares of the bank's stock worth $12,703,000 after buying an additional 161,761 shares during the last quarter. State Street Corp increased its holdings in shares of First Bank by 6.2% in the 3rd quarter. State Street Corp now owns 384,047 shares of the bank's stock worth $5,838,000 after buying an additional 22,452 shares during the last quarter. Finally, Fourthstone LLC purchased a new stake in shares of First Bank during the 3rd quarter valued at about $199,000. 64.86% of the stock is currently owned by institutional investors.

Shares of NASDAQ:FRBA opened at $14.82 on Friday. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 0.55. The firm's 50-day moving average is $14.77 and its 200 day moving average is $14.19. First Bank has a 12 month low of $11.20 and a 12 month high of $15.87. The company has a market capitalization of $290.03 million, a price-to-earnings ratio of 9.32 and a beta of 0.94.

First Bank (NASDAQ:FRBA - Get Free Report) last announced its quarterly earnings data on Wednesday, October 23rd. The bank reported $0.34 EPS for the quarter, missing the consensus estimate of $0.40 by ($0.06). First Bank had a net margin of 18.19% and a return on equity of 11.80%. The business had revenue of $58.64 million during the quarter, compared to the consensus estimate of $32.96 million. During the same period last year, the company earned $0.42 EPS. Research analysts predict that First Bank will post 1.65 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 22nd. Investors of record on Friday, November 8th were issued a dividend of $0.06 per share. The ex-dividend date was Friday, November 8th. This represents a $0.24 dividend on an annualized basis and a yield of 1.62%. First Bank's payout ratio is 15.09%.

FRBA has been the subject of several analyst reports. Piper Sandler reaffirmed an "overweight" rating and issued a $17.00 price objective (down from $18.00) on shares of First Bank in a research note on Wednesday, October 30th. StockNews.com upgraded First Bank from a "hold" rating to a "buy" rating in a research report on Friday.

Check Out Our Latest Stock Analysis on First Bank

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.

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