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How to buy First Bank stock in Canada | $13.85
Own First Bank shares in just a few minutes.
First Bank (FRBA) is a leading banks-regional business based in the US. It opened the day at $13.99 after a previous close of $14.05. During the day the price has varied from a low of $13.85 to a high of $14.08. The latest price was $13.85 (25 minute delay). First Bank is listed on the NASDAQ and employs 211 staff. All prices are listed in US Dollars.
How to buy First Bank stock in Canada
- Choose a platform. If you're a beginner, our stock trading table below can help you choose.
- Open your account. You'll need your ID, bank details and national insurance number.
- Confirm your payment details. You'll need to fund your account with a bank transfer, debit card or credit card.
- Search the platform for stock code: FRBA in this case.
- Research First Bank stocks. The platform should provide the latest information available.
- Buy your First Bank stocks. It's that simple.
What's in this guide?
- Can I buy shares in First Bank?
- Has coronavirus impacted First Bank shares?
- First Bank shares summary
- Compare share dealing platforms
- Is First Bank stock a buy or sell?
- First Bank performance over time
- Can I short First Bank shares?
- Are First Bank shares over-valued?
- First Bank's financials
- How volatile are First Bank shares?
- Does First Bank pay a dividend?
- Other common questions
How has Coronavirus impacted First Bank's stock price?
Since the stock market crash in March caused by coronavirus, First Bank's stock price has had significant positive movement.
Its last market close was $13.73, which is 21.78% up on its pre-crash value of $10.74 and 128.45% up on the lowest point reached during the March crash when the stocks fell as low as $6.01.
If you had bought $1,000 worth of First Bank stocks at the start of February 2020, those stocks would have been worth $645.98 at the bottom of the March crash, and if you held on to them, then as of the last market close they'd be worth $1,272.50.
First Bank stock priceUse our graph to track the performance of FRBA stocks over time.
First Bank stocks at a glance
|52-week range||$5.9989 - $14.41|
|50-day moving average||$13.146|
|200-day moving average||$11.2156|
|Wall St. target price||$16.38|
|Dividend yield||$0.12 (0.86%)|
|Earnings per share (TTM)||$1.303|
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Note: The dollar amounts in the table below are in Canadian dollars.
Is it a good time to buy First Bank stock?
The technical analysis gauge below displays real-time ratings for the timeframes you select. This is not a recommendation, however. It represents a technical analysis based on the most popular technical indicators: Moving Averages, Oscillators and Pivots. Finder might not concur and takes no responsibility.
First Bank price performance over time
|1 month (2021-05-14)||-0.22%|
|3 months (2021-03-16)||16.68%|
|6 months (2020-12-16)||42.78%|
|1 year (2020-06-16)||89.99%|
|2 years (2019-06-14)||17.97%|
|3 years (2018-06-15)||6.95%|
|5 years (2016-06-16)||93.17%|
Is First Bank under- or over-valued?
Valuing First Bank stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of First Bank's overall performance. However, analysts commonly use some key metrics to help gauge the value of a stock.
First Bank's P/E ratio
First Bank's current share price divided by its per-share earnings (EPS) over a 12-month period gives a "trailing price/earnings ratio" of roughly 11x. In other words, First Bank stocks trade at around 11x recent earnings.
That's relatively low compared to, say, the trailing 12-month P/E ratio for the NASDAQ 100 at the end of 2019 (27.29). The low P/E ratio could mean that investors are pessimistic about the outlook for the stocks or simply that they're under-valued.
First Bank financials
|Revenue TTM||USD$75.6 million|
|Operating margin TTM||47.07%|
|Gross profit TTM||USD$66.4 million|
|Return on assets TTM||1.15%|
|Return on equity TTM||10.96%|
|Market capitalisation||USD$274.7 million|
TTM: trailing 12 months
How to short and sell First Bank stocks
- Create a CFD or spread betting account.
- Search for the stock code. E.g. "FRBA.US"
- Choose your position size.
- Select "sell" rather than "buy".
- Confirm your position and keep tabs on it. You may wish to set limits on your position.
There are currently 360,134 First Bank stocks held short by investors – that's known as First Bank's "short interest". This figure is 7.7% down from 390,136 last month.
There are a few different ways that this level of interest in shorting First Bank stocks can be evaluated.
First Bank's "short interest ratio" (SIR)
First Bank's "short interest ratio" (SIR) is the quantity of First Bank stocks currently shorted divided by the average quantity of First Bank stocks traded daily (recently around 81294.356659142). First Bank's SIR currently stands at 4.43. In other words for every 100,000 First Bank stocks traded daily on the market, roughly 4430 stocks are currently held short.
However First Bank's short interest can also be evaluated against the total number of First Bank stocks, or, against the total number of tradable First Bank stocks (the shares that aren't held by "insiders" or major long-term shareholders – also known as the "float"). In this case First Bank's short interest could be expressed as 0.02% of the outstanding stocks (for every 100,000 First Bank stocks in existence, roughly 20 stocks are currently held short) or 0.022% of the tradable stocks (for every 100,000 tradable First Bank stocks, roughly 22 stocks are currently held short).
Such a low SIR usually points to an optimistic outlook for the stock price, with fewer people currently willing to bet against First Bank.
Find out more about how you can short First Bank stock.
First Bank stock dividends
Dividend payout ratio: 9.16% of net profits
Recently First Bank has paid out, on average, around 9.16% of net profits as dividends. That has enabled analysts to estimate a "forward annual dividend yield" of 0.85% of the current stock value. This means that over a year, based on recent payouts (which are sadly no guarantee of future payouts), First Bank shareholders could enjoy a 0.85% return on their shares, in the form of dividend payments. In First Bank's case, that would currently equate to about $0.12 per share.
While First Bank's payout ratio might seem low, this can signify that First Bank is investing more in its future growth.
First Bank's most recent dividend payout was on 20 May 2021. The latest dividend was paid out to all shareholders who bought their stocks by 5 May 2021 (the "ex-dividend date").
First Bank stock price volatility
Over the last 12 months, First Bank's stocks have ranged in value from as little as $5.9989 up to $14.41. A popular way to gauge a stock's volatility is its "beta".
Beta is a measure of a stocks volatility in relation to the market. The market (NASDAQ average) beta is 1, while First Bank's is 0.9723. This would suggest that First Bank's stocks are less volatile than average (for this exchange).
First Bank overview
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. The company also provides electronic banking services, including Internet and mobile banking, electronic bill payment, and banking by phone, as well as ATM and debit cards, and wire and ACH transfer services; remote deposit capture; and cash management services. As of January 27, 2021, it operated 18 full-service branches in Cinnaminson, Cranbury, Delanco, Denville, Ewing, Flemington, Hamilton, Hamilton Square, Lawrence, Mercerville, Pennington, Randolph, Somerset, and Williamstown counties in New Jersey, as well as Doylestown, Trevose, Warminster, and West Chester counties in Pennsylvania. First Bank was incorporated in 2007 and is headquartered in Hamilton, New Jersey.
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