Piper Sandler raised the firm’s price target on First Bank to $17 from $16 and keeps an Overweight rating on the shares. The firm notes First Bank finished 2023 on a high note with benefits from the MLVF deal and funding stabilization aiding results.
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Read More on FRBA:
- First Bank (FRBA) Discloses Q1 Dividend: What Shareholders Should Know
- First Bank Announces Fourth Quarter 2023 Net Income of $8.4 Million and Full Year Net Income of $20.9 Million
- First Bank reports Q4 adjusted EPS 49c, consensus 39c
- FRBA Earnings Report this Week: Is It a Buy, Ahead of Earnings?
- First Bank Announces Fourth Quarter 2023 Earnings Conference Call
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