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

First Bank (NASDAQ:FRBA) declared a quarterly dividend on Monday, April 22nd, Zacks reports. Investors 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 2.04%. The ex-dividend date is Thursday, May 9th.

First Bank has increased its dividend by an average of 26.0% per year over the last three years. First Bank has a dividend payout ratio of 13.3% indicating that its dividend is sufficiently covered by earnings. Research 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 Trading Down 4.6 %

First Bank stock traded down $0.57 during trading hours on Wednesday, reaching $11.75. The stock had a trading volume of 8,372 shares, compared to its average volume of 50,548. The stock has a market cap of $229.95 million, a PE ratio of 10.50 and a beta of 0.87. First Bank has a 52 week low of $8.59 and a 52 week high of $15.17. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.09 and a quick ratio of 1.08. The company has a fifty day simple moving average of $13.06 and a 200-day simple moving average of $13.05.

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

About 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.