
First Bank (FRBA) Stock Forecast & Price Target
First Bank (FRBA) Analyst Ratings
Bulls say
First Bank is well-positioned for loan growth, with a strong pipeline and expected full-year loan growth of around 6% year-over-year. Its focus on the New York City to Philadelphia region provides solid market demographics, with about 2/3 of its loan and deposit portfolios in New Jersey and the remainder in eastern Pennsylvania following a recent acquisition. However, there is some concern around asset quality, as the bank has experienced higher charge-offs in recent periods and this trend is expected to continue for the next few years.
Bears say
First Bank is facing several challenges, including a need to restore confidence in its credit quality and a decline in net interest margin due to deposit pricing pressure. The bank has also seen slower growth in earning assets and an increase in nonperforming loans. These issues have led to a reduction in earnings estimates and a decrease in the company's price target, indicating a negative outlook for the stock.
This aggregate rating is based on analysts' research of First Bank and is not a guaranteed prediction by Public.com or investment advice.
First Bank (FRBA) Analyst Forecast & Price Prediction
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