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$13.50|
|52 Week High||US$6.09|
|52 Week Low||US$14.41|
|1 Month Change||1.50%|
|3 Month Change||-4.19%|
|1 Year Change||117.74%|
|3 Year Change||2.66%|
|5 Year Change||61.10%|
|Change since IPO||28.57%|
Recent News & Updates
First Bank: Strong Earnings And Cheap Valuation, The Perfect Investment Combination
Solid expense management is the driving force behind the recent profitability improvement. The steeply discounted price, relative to peers, sets the stage for noteworthy outperformance. Good core loan growth likely results in sustainable market share gains.
First Bank (NASDAQ:FRBA) Will Pay A Dividend Of US$0.03
The board of First Bank ( NASDAQ:FRBA ) has announced that it will pay a dividend on the 20th of August, with investors...
|FRBA||US Banks||US Market|
Return vs Industry: FRBA exceeded the US Banks industry which returned 80% over the past year.
Return vs Market: FRBA exceeded the US Market which returned 37.5% over the past year.
Stable Share Price: FRBA is not significantly more volatile than the rest 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, 2021
Next Earnings Date
|Earnings per share (EPS)||1.56|
|Net Profit Margin||37.24%|
How did FRBA perform over the long term?See historical performance and comparison
0.9%Current Dividend Yield
Is First Bank undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: FRBA ($13.5) is trading below our estimate of fair value ($30.92)
Significantly Below Fair Value: FRBA is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: FRBA is good value based on its PE Ratio (8.6x) compared to the US Banks industry average (11x).
PE vs Market: FRBA is good value based on its PE Ratio (8.6x) compared to the US market (17.9x).
Price to Earnings Growth Ratio
PEG Ratio: FRBA's earnings are forecast to decline next year, so we can't calculate its PEG ratio.
Price to Book Ratio
PB vs Industry: FRBA's PB Ratio (1x) is in line with the US Banks industry average.
How is First Bank forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: FRBA's earnings are forecast to decline over the next 3 years (-2.3% per year).
Earnings vs Market: FRBA's earnings are forecast to decline over the next 3 years (-2.3% per year).
High Growth Earnings: FRBA's earnings are forecast to decline over the next 3 years.
Revenue vs Market: FRBA's revenue (5.4% per year) is forecast to grow slower than the US market (9.8% per year).
High Growth Revenue: FRBA's revenue (5.4% 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 (10.9%).
How has First Bank performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: FRBA has high quality earnings.
Growing Profit Margin: FRBA's current net profit margins (37.2%) are higher than last year (22.8%).
Past Earnings Growth Analysis
Earnings Trend: FRBA's earnings have grown significantly by 29.1% per year over the past 5 years.
Accelerating Growth: FRBA's earnings growth over the past year (124%) exceeds its 5-year average (29.1% per year).
Earnings vs Industry: FRBA earnings growth over the past year (124%) exceeded the Banks industry 36%.
Return on Equity
High ROE: FRBA's Return on Equity (12%) is considered low.
How is First Bank's financial position? (This company is analysed differently as a bank or financial institution)
Financial Position Analysis
Debt to Equity History and Analysis
Financial Institutions Analysis
Asset Level: FRBA's Assets to Equity ratio (9.6x) is low.
Allowance for Bad Loans: FRBA has a sufficient allowance for bad loans (237%).
Low Risk Liabilities: 93% 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 (83%).
Low Risk Deposits: FRBA's Loans to Deposits ratio (100%) is appropriate.
Level of Bad Loans: FRBA has an appropriate level of bad loans (0.5%).
What is First Bank current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: FRBA's dividend (0.89%) isn’t notable compared to the bottom 25% of dividend payers in the US market (1.34%).
High Dividend: FRBA's dividend (0.89%) is low compared to the top 25% of dividend payers in the US market (3.59%).
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 5 years.
Current Payout to Shareholders
Dividend Coverage: With its low payout ratio (7.7%), 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 (9.2% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Patrick Ryan (45 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 serves as Member of Community Depository Institutio...
CEO Compensation Analysis
Compensation vs Market: Patrick's total compensation ($USD883.60K) is about average for companies of similar size in the US market ($USD1.09M).
Compensation vs Earnings: Patrick'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 (6.4 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
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
First Bank's employee growth, exchange listings and data sources
- Name: First Bank
- Ticker: FRBA
- Exchange: NasdaqGM
- Founded: 2007
- Industry: Regional Banks
- Sector: Banks
- Market Cap: US$265.131m
- Shares outstanding: 19.64m
- Website: https://www.firstbanknj.com
Number of Employees
- First Bank
- 2465 Kuser Road
- Suite 101
- New Jersey
- United States
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/09/25 02:21|
|End of Day Share Price||2021/09/24 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.