First National Bank & Trust Co. of Newtown Purchases Shares of 37,877 First Bank (FRBA)

First National Bank & Trust Co. of Newtown purchased a new stake in First Bank (NASDAQ:FRBA) in the 4th quarter, Holdings Channel reports. The fund purchased 37,877 shares of the bank’s stock, valued at approximately $525,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Banc Funds Co. LLC increased its stake in First Bank by 56.9% in the second quarter. Banc Funds Co. LLC now owns 1,364,734 shares of the bank’s stock valued at $15,899,000 after purchasing an additional 495,000 shares in the last quarter. Stieven Capital Advisors L.P. increased its stake in First Bank by 1.8% in the third quarter. Stieven Capital Advisors L.P. now owns 507,900 shares of the bank’s stock valued at $6,755,000 after purchasing an additional 9,200 shares in the last quarter. Vanguard Group Inc. increased its position in shares of First Bank by 2,995.8% during the second quarter. Vanguard Group Inc. now owns 417,537 shares of the bank’s stock worth $4,865,000 after acquiring an additional 404,050 shares in the last quarter. Punch & Associates Investment Management Inc. increased its position in shares of First Bank by 32.1% during the second quarter. Punch & Associates Investment Management Inc. now owns 343,000 shares of the bank’s stock worth $3,996,000 after acquiring an additional 83,300 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its position in shares of First Bank by 30.6% during the third quarter. Dimensional Fund Advisors LP now owns 52,694 shares of the bank’s stock worth $701,000 after acquiring an additional 12,354 shares in the last quarter. 36.78% of the stock is owned by hedge funds and other institutional investors.

First Bank (FRBA) traded up $0.05 during trading hours on Wednesday, hitting $14.55. 24,800 shares of the stock traded hands, compared to its average volume of 30,020. The company has a market capitalization of $165.82, a P/E ratio of 23.10 and a beta of 0.37. First Bank has a one year low of $10.60 and a one year high of $14.95.

First Bank (NASDAQ:FRBA) last posted its earnings results on Monday, October 30th. The bank reported $0.21 EPS for the quarter, topping the consensus estimate of $0.15 by $0.06. equities research analysts expect that First Bank will post 0.67 EPS for the current year.

Several equities research analysts have recently commented on the stock. Zacks Investment Research raised shares of First Bank from a “hold” rating to a “strong-buy” rating and set a $17.00 target price for the company in a research report on Friday, January 12th. ValuEngine raised shares of First Bank from a “hold” rating to a “buy” rating in a research report on Sunday, December 31st. Finally, Sandler O’Neill raised shares of First Bank from a “hold” rating to a “buy” rating and set a $15.00 target price for the company in a research report on Wednesday, November 1st.

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First Bank Profile

First Bank is a commercial bank. The Company provides a range of lending, deposit and other financial products and services. It operates through Community Banking segment, which is engaged in providing a range of commercial and retail and related banking services. It offers a range of lending products to meet the needs of its customers located within its market areas, including commercial and industrial loans, commercial real estate loans (including owner-occupied, investor, and multi-family loans), residential real estate loans, and consumer and other loans.

Want to see what other hedge funds are holding FRBA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for First Bank (NASDAQ:FRBA).

Institutional Ownership by Quarter for First Bank (NASDAQ:FRBA)

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