Piper Sandler Rates First Bank (FRBA) buy, $19 Price Target

Piper Sandler has reiterated its buy rating on First Bank (NasdaqGM: FRBA), maintaining a price target of $19. Analyst Justin Crowley confirmed this rating on June 26, 2026, as shares traded near $17.21 on Saturday.

Other Institutional Activity in First Bank

Several institutional investors have recently adjusted their positions in First Bank. BlackRock, Inc. increased its holdings by 9,920 shares, bringing its total to 1,896,599 shares valued at approximately $30.3 million. On the other hand, Patriot Financial Partners GP II, L.P. reduced its stake by 200,000 shares, now holding 1,631,437 shares worth about $26.1 million. Dimensional Fund Advisors LP increased its holdings by 27,881 shares, ending with 1,032,116 shares valued at $16.5 million. Vanguard Capital Management LLC opened a new position with 965,272 shares valued at $15.4 million. Banc Funds Co LLC also increased its stake by 205,766 shares to a total of 864,205 shares, valued at $13.8 million.

First Bank Stock Down 3.0%

Shares of First Bank traded near $17.21 on Saturday. The bank has a market capitalization of $438.4 million and a P/E ratio of 10.47, with a forward P/E of 9.70. Its beta is 0.549, indicating lower volatility compared to the market. The stock's 52-week range is between $14.41 and $18.11, with a 50-day moving average of $15.88 and a 200-day moving average of $16.15.

Recent Earnings

First Bank reported revenue of $133.6 million, experiencing a slight decline of 5.2% compared to previous periods. Its earnings per share stand at $1.67, with a net margin of 31.37% and a return on equity of 9.70%. The next earnings report is scheduled for July 22, 2026.

Dividend

First Bank offers an annual dividend rate of $0.30 per share, yielding 1.72%. The dividend payout ratio is 16.17%, indicating a conservative approach to distributing earnings.

Analysts Set New Price Targets

On June 26, 2026, Piper Sandler maintained its buy rating for First Bank with a $19 price target. DA Davidson also has a hold rating with a $16 target. The consensus among analysts is a buy recommendation, with an average price target of $17.33 based on three analyst opinions.

About First Bank

First Bank, headquartered in Hamilton, New Jersey, provides a range of banking products and services to small and mid-sized businesses and individuals. With 327 employees, the bank offers various deposit accounts, loan products, and electronic banking services. First Bank operates branches in New Jersey, Pennsylvania, and Florida.

Bottom Line

Piper Sandler's reiterated buy rating for First Bank highlights continued confidence in the stock's potential. With a stable market presence and a conservative financial strategy, investors will be watching closely as the bank approaches its next earnings report on July 22, 2026. This reminder of Piper Sandler's stance provides insight into market expectations, though it's crucial to remember that this is based on past data and may not reflect current conditions.