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FRBA

First Bank

$12.30

0.05 (0.41%)

18:22
07/24/17
07/24
18:22
07/24/17
18:22

First Bank reports Q2 EPS 15c, consensus 17c

Reports Q2 revenue $9.1M, consensus $8.69M. Reports Q2 provision for loan losses $806,000, an increase of $167,000 compared to the Q2 of FY16, and an increase of $368,000 compared to $438,000 for the linked Q1. The increase in the provision compared to Q2 of FY16 reflected continued growth to the Bank's commercial loan portfolio. Reports Q2 net charge-offs $22,000 compared to $63,000 for Q2 of FY16 and $146,000 for the Q1 of FY17.

  • 25

    Jul

FRBA First Bank
$12.30

0.05 (0.41%)

05/30/17
BARD
05/30/17
UPGRADE
Target $14
BARD
Outperform
First Bank upgraded to Outperform at Baird
As reported previously, Baird analyst Bryce Rowe upgraded First Bank to Outperform from Neutral following its secondary offering. The analyst said the stock offering removed the overhang of dilution risk and positions the company with ample runway to continue its organic and acquisition related growth strategy. Rowe maintained his $14 price target on First Bank shares.
05/30/17
BARD
05/30/17
UPGRADE
BARD
Outperform
First Bank upgraded to Outperform from Neutral at Baird
03/09/17
03/09/17
INITIATION

On The Fly: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. Tesla (TSLA) initiated at Bernstein. 2. Snap (SNAP) initiated with a Sector Perform at FBN Securities. 3. Mercury Systems (MRCY) initiated with an Overweight at JPMorgan. 4. Versartis (VSAR) initiated with an Overweight at Barclays. 5. First Bank (FRBA) initiated with a Hold at Sandler O'Neill. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
03/09/17
SDLR
03/09/17
INITIATION
Target $14
SDLR
Hold
First Bank initiated with a Hold at Sandler O'Neill
Sandler O'Neill analyst Robert Haderer initiated First Bank with a Hold and a $14 price target citing valuation.

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