Hovde Group reiterated coverage of First Bank with a rating of Outperform and set a new price target of $17.50 from $17.00 previously
Save time and jump to the most important pieces.
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 4/24/2025 | $17.00 → $17.50 | Outperform | Hovde Group |
| 10/17/2023 | $14.00 | Overweight | Piper Sandler |
HAMILTON, N.J., June 18, 2025 (GLOBE NEWSWIRE) -- First Bank (the "Bank") (NASDAQ:FRBA) today announced the closing of a $35.0 million private placement of fixed-to-floating rate subordinated notes. The Bank plans to use the proceeds to redeem its outstanding $30.0 million of subordinated notes and for general corporate purposes. The notes have a maturity date of June 30, 2035, and carry a fixed rate of interest of 7.125% for the first five years. Thereafter, the notes will pay interest at a floating rate, reset quarterly, equal to the then current three-month Secured Overnight Financing Rate ("SOFR") plus 343 basis points. The notes may be redeemed at the option of the Bank, without pe
HAMILTON, N.J., April 22, 2025 (GLOBE NEWSWIRE) -- First Bank (Nasdaq Global Market: FRBA) ("the Bank") today announced results for the first quarter of 2025. Net income for the first quarter of 2025 was $9.4 million, or $0.37 per diluted share, compared to $12.5 million, or $0.50 per diluted share, for the first quarter of 2024. Return on average assets, return on average equity and return on average tangible equityi for the first quarter of 2025 were 1.00%, 9.20% and 10.54%, respectively, compared to 1.41%, 13.36% and 15.64%, respectively, for the first quarter of 2024. First Quarter 2025 Performance Highlights: Total loans of $3.24 billion at March 31, 2025 grew $91.8 million, or 11.
HAMILTON, N.J., April 01, 2025 (GLOBE NEWSWIRE) -- First Bank (Nasdaq Global Market: FRBA) invites participation in a conference call to discuss the Company's financial and operating performance during its first quarter ending on March 31, 2025. Event:Earnings Conference Call – First Quarter 2025 When:Wednesday, April 23, 2025 at 9:00 a.m. Eastern Time Access:Conference Call Dial-In: (800) 715-9871 (toll free) Conference Call Access Code: 3909613 Patrick L. Ryan, President and Chief Executive Officer, Andrew L. Hibshman, Chief Financial Officer, Peter J. Cahill, Chief Lending Officer, and Darleen Gillespie, Chief Retail Banking Officer will provide an overview of firs
Hovde Group reiterated coverage of First Bank with a rating of Outperform and set a new price target of $17.50 from $17.00 previously
Piper Sandler resumed coverage of First Bank with a rating of Overweight and set a new price target of $14.00