FRBA Stock Overview
First Bank provides various banking products and services to individuals, businesses, and governmental entities.
First Bank Competitors
Price History & Performance
|Historical stock prices|
|Current Share Price||US$13.67|
|52 Week High||US$16.76|
|52 Week Low||US$13.02|
|1 Month Change||-7.64%|
|3 Month Change||-3.39%|
|1 Year Change||0.74%|
|3 Year Change||29.08%|
|5 Year Change||7.64%|
|Change since IPO||30.19%|
Recent News & Updates
First Bank goes ex dividend tomorrow
First Bank (NASDAQ:FRBA) has declared $0.06/share quarterly dividend, in line with previous. Payable Aug. 26; for shareholders of record Aug. 12; ex-div Aug. 11. See FRBA Dividend Scorecard, Yield Chart, & Dividend Growth.
|FRBA||US Banks||US Market|
Return vs Industry: FRBA exceeded the US Banks industry which returned -26.1% over the past year.
Return vs Market: FRBA exceeded the US Market which returned -23.2% over the past year.
|FRBA Average Weekly Movement||3.9%|
|Banks Industry Average Movement||3.4%|
|Market Average Movement||6.8%|
|10% most volatile stocks in US Market||15.5%|
|10% least volatile stocks in US Market||2.8%|
Stable Share Price: FRBA is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 4% a week.
Volatility Over Time: FRBA's weekly volatility (4%) has been stable over the past year.
About the Company
First Bank provides various banking products and services to individuals, businesses, and governmental entities. 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. Its loan products include commercial and industrial loans; commercial real estate loans, such as owner-occupied, investor, construction and development, and multi-family loans; residential real estate loans comprising residential mortgages, first and second lien home equity loans, and revolving lines of credit; and consumer and other loans that include auto, personal, and traditional installment loans.
First Bank Fundamentals Summary
|FRBA fundamental statistics|
Is FRBA overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|FRBA income statement (TTM)|
|Cost of Revenue||US$0|
Last Reported Earnings
Jun 30, 2022
Next Earnings Date
Oct 25, 2022
|Earnings per share (EPS)||1.74|
|Net Profit Margin||37.87%|
How did FRBA perform over the long term?See historical performance and comparison
1.8%Current Dividend Yield
Is FRBA undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score 6/6
Price-To-Earnings vs Peers
Price-To-Earnings vs Industry
Price-To-Earnings vs Fair Ratio
Below Fair Value
Significantly Below Fair Value
Key Valuation Metric
Which metric is best to use when looking at relative valuation for FRBA?
Other financial metrics that can be useful for relative valuation.
|What is FRBA's n/a Ratio?|
Price to Earnings Ratio vs Peers
How does FRBA's PE Ratio compare to its peers?
|FRBA PE Ratio vs Peers|
|Company||PE||Estimated Growth||Market Cap|
UNTY Unity Bancorp
FBIZ First Business Financial Services
FGBI First Guaranty Bancshares
MYFW First Western Financial
FRBA First Bank
Price-To-Earnings vs Peers: FRBA is good value based on its Price-To-Earnings Ratio (7.8x) compared to the peer average (8.8x).
Price to Earnings Ratio vs Industry
How does FRBA's PE Ratio compare vs other companies in the US Banks Industry?
Price-To-Earnings vs Industry: FRBA is good value based on its Price-To-Earnings Ratio (7.8x) compared to the US Banks industry average (9.4x)
Price to Earnings Ratio vs Fair Ratio
What is FRBA's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.
|Current PE Ratio||7.8x|
|Fair PE Ratio||12.3x|
Price-To-Earnings vs Fair Ratio: FRBA is good value based on its Price-To-Earnings Ratio (7.8x) compared to the estimated Fair Price-To-Earnings Ratio (12.3x).
Share Price vs Fair Value
What is the Fair Price of FRBA when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: FRBA ($13.67) is trading below our estimate of fair value ($29)
Significantly Below Fair Value: FRBA is trading below fair value by more than 20%.
Analyst Price Targets
What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?
Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.
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How is First Bank forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?
Future Growth Score2/6
Future Growth Score 2/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: FRBA's forecast earnings growth (9.5% per year) is above the savings rate (1.9%).
Earnings vs Market: FRBA's earnings (9.5% per year) are forecast to grow slower than the US market (14.8% per year).
High Growth Earnings: FRBA's earnings are forecast to grow, but not significantly.
Revenue vs Market: FRBA's revenue (11.1% per year) is forecast to grow faster than the US market (7.7% per year).
High Growth Revenue: FRBA's revenue (11.1% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: FRBA's Return on Equity is forecast to be low in 3 years time (12.9%).
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How has First Bank performed over the past 5 years?
Past Performance Score4/6
Past Performance Score 4/6
Growing Profit Margin
Earnings vs Industry
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: FRBA has high quality earnings.
Growing Profit Margin: FRBA's current net profit margins (37.9%) are higher than last year (37.2%).
Past Earnings Growth Analysis
Earnings Trend: FRBA's earnings have grown significantly by 29.9% per year over the past 5 years.
Accelerating Growth: FRBA's earnings growth over the past year (10.5%) is below its 5-year average (29.9% per year).
Earnings vs Industry: FRBA earnings growth over the past year (10.5%) exceeded the Banks industry 8.4%.
Return on Equity
High ROE: FRBA's Return on Equity (12.3%) is considered low.
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How is First Bank's financial position? (This company is analysed differently as a bank or financial institution)
Financial Health Score6/6
Financial Health Score 6/6
Allowance for Bad Loans
Low Risk Liabilities
Low Risk Deposits
Level of Bad Loans
Financial Position Analysis
Debt to Equity History and Analysis
Financial Institutions Analysis
Asset Level: FRBA's Assets to Equity ratio (9.3x) is low.
Allowance for Bad Loans: FRBA has a sufficient allowance for bad loans (211%).
Low Risk Liabilities: 94% of FRBA's liabilities are made up of primarily low risk sources of funding.
Loan Level: FRBA has an appropriate level of Loans to Assets ratio (85%).
Low Risk Deposits: FRBA's Loans to Deposits ratio (101%) is appropriate.
Level of Bad Loans: FRBA has an appropriate level of bad loans (0.5%).
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What is First Bank current dividend yield, its reliability and sustainability?
Dividend Score 3/6
Future Dividend Coverage
Current Dividend Yield
Dividend Yield vs Market
|First Bank Dividend Yield vs Market|
|Company (First Bank)||1.8%|
|Market Bottom 25% (US)||1.7%|
|Market Top 25% (US)||4.7%|
|Industry Average (Banks)||3.4%|
|Analyst forecast in 3 Years (First Bank)||1.8%|
Notable Dividend: FRBA's dividend (1.76%) is higher than the bottom 25% of dividend payers in the US market (1.67%).
High Dividend: FRBA's dividend (1.76%) is low compared to the top 25% of dividend payers in the US market (4.73%).
Stability and Growth of Payments
Stable Dividend: Whilst dividend payments have been stable, FRBA has been paying a dividend for less than 10 years.
Growing Dividend: FRBA's dividend payments have increased, but the company has only paid a dividend for 6 years.
Current Payout to Shareholders
Earnings Coverage: With its low payout ratio (12.1%), FRBA's dividend payments are thoroughly covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: FRBA's dividends in 3 years are forecast to be thoroughly covered by earnings (11.6% payout ratio).
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How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Pat Ryan (46 yo)
Mr. Patrick L. Ryan has been the Chief Executive Officer and President of First Bank since January 1, 2013 and has been its Director since 2008. Mr. Ryan served as Member of Community Depository Institutio...
CEO Compensation Analysis
|Pat Ryan's Compensation vs First Bank Earnings|
|Date||Total Comp.||Salary||Company Earnings|
|Jun 30 2022||n/a||n/a|
|Mar 31 2022||n/a||n/a|
|Dec 31 2021||US$1m||US$513k|
|Sep 30 2021||n/a||n/a|
|Jun 30 2021||n/a||n/a|
|Mar 31 2021||n/a||n/a|
|Dec 31 2020||US$884k||US$478k|
|Sep 30 2020||n/a||n/a|
|Jun 30 2020||n/a||n/a|
|Mar 31 2020||n/a||n/a|
|Dec 31 2019||US$799k||US$455k|
|Sep 30 2019||n/a||n/a|
|Jun 30 2019||n/a||n/a|
|Mar 31 2019||n/a||n/a|
|Dec 31 2018||US$827k||US$430k|
|Sep 30 2018||n/a||n/a|
|Jun 30 2018||n/a||n/a|
|Mar 31 2018||n/a||n/a|
|Dec 31 2017||US$629k||US$360k|
|Sep 30 2017||n/a||n/a|
|Jun 30 2017||n/a||n/a|
|Mar 31 2017||n/a||n/a|
|Dec 31 2016||US$610k||US$310k|
|Sep 30 2016||n/a||n/a|
|Jun 30 2016||n/a||n/a|
|Mar 31 2016||n/a||n/a|
|Dec 31 2015||US$401k||US$280k|
Compensation vs Market: Pat's total compensation ($USD1.03M) is below average for companies of similar size in the US market ($USD1.69M).
Compensation vs Earnings: Pat's compensation has been consistent with company performance over the past year.
Experienced Management: FRBA's management team is considered experienced (2.1 years average tenure).
Experienced Board: FRBA's board of directors are considered experienced (9.3 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
|15 Jun 22||BuyUS$7,000||John Strydesky||Individual||500||US$14.00|
|01 Feb 22||BuyUS$7,390||Peter Cahill||Individual||515||US$14.35|
|Owner Type||Number of Shares||Ownership Percentage|
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
|Ownership||Name||Shares||Current Value||Change %||Portfolio %|
First Bank's employee growth, exchange listings and data sources
- Name: First Bank
- Ticker: FRBA
- Exchange: NasdaqGM
- Founded: 2007
- Industry: Regional Banks
- Sector: Banks
- Implied Market Cap: US$265.733m
- Shares outstanding: 19.44m
- Website: https://www.firstbanknj.com
Number of Employees
- First Bank
- 2465 Kuser Road
- New Jersey
- United States
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|FRBA||NasdaqGM (Nasdaq Global Market)||Yes||Common Stock||US||USD||Mar 2007|
|6UT||DB (Deutsche Boerse AG)||Yes||Common Stock||DE||EUR||Mar 2007|
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2022/10/02 00:00|
|End of Day Share Price||2022/09/30 00:00|
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.