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1 Comment
First Bank is currently in a long term uptrend where the price is trading 20.1% above its 200 day moving average.
From a valuation standpoint, the stock is 65.8% cheaper than other stocks from the Financial Services sector with a price to sales ratio of 3.1.
First Bank's total revenue rose by 12.4% to $20M since the same quarter in the previous year.
Its net income has increased by 71.0% to $6M since the same quarter in the previous year.
Finally, its free cash flow fell by 15.6% to $5M since the same quarter in the previous year.
Based on the above factors, First Bank gets an overall score of 4/5.
| Exchange | NASDAQ |
|---|---|
| CurrencyCode | USD |
| ISIN | US31931U1025 |
| Sector | Financial Services |
| Industry | Banks - Regional |
| Market Cap | 429M |
|---|---|
| PE Ratio | 10.48 |
| Target Price | 19.75 |
| Dividend Yield | 1.4% |
| Beta | 0.69 |
First Bank provides various banking products and services to small and mid-sized businesses and individuals. It accepts various deposits, including non-interest- and interest-bearing demand deposits, money market accounts, savings accounts, and certificates of deposit, as well as commercial checking and cash management accounts. The company also offers various loan products, such as commercial and industrial loans, which include line of credit, inventory, equipment, and short-term working capital financing; commercial real estate loans comprising owner-occupied, investor, construction and development, and multi-family loans; residential real estate loans consisting of residential mortgages, first and second lien home equity loans, and revolving lines of credit; and consumer and other loans, such as auto, personal, traditional installment, and other loans. In addition, it provides electronic banking services, including Internet and mobile banking, electronic bill payment, and banking by phone; ATM and debit cards, and wire and ACH transfer services; remote deposit capture; and cash management services, as well as engages in the capital markets activities. The company operates full-service branches in Cinnaminson, Delanco, Denville, Ewing, Fairfield, Flemington, Hamilton, Lawrence, Monroe, Morristown, Pennington, Randolph, Somerset, Trenton, Williamstown, New Jersey; Coventry, Devon, Doylestown, Glen Mills, Lionville, Malvern, Paoli, Trevose, Warminster, and West Chester, Pennsylvania; and Palm Beach, Florida. First Bank was incorporated in 2007 and is headquartered in Hamilton, New Jersey.
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