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Piper Sandler Sticks to Their Buy Rating for First Bank (FRBA)

Tipranks - Tipranks - Thu Apr 24, 2025

In a report released today, Justin Crowley from Piper Sandler maintained a Buy rating on First Bank (FRBA – Research Report), with a price target of $17.00. The company’s shares closed yesterday at $14.13.

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Crowley covers the Financial sector, focusing on stocks such as Northeast Community Bancorp, Shore Bancshares, and First Bank. According to TipRanks, Crowley has an average return of 12.4% and a 57.14% success rate on recommended stocks.

Currently, the analyst consensus on First Bank is a Moderate Buy with an average price target of $17.00.

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Based on First Bank’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $33.54 million and a net profit of $10.5 million. In comparison, last year the company earned a revenue of $28 million and had a net profit of $8.38 million

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