The stock of First Bank (NASDAQ:FRBA) hit a new 52-week high and has $21.38 target or 127.00% above today’s $9.42 share price. The 6 months bullish chart indicates low risk for the $73.70 million company. The 1-year high was reported on Nov, 7 by Barchart.com. If the $21.38 price target is reached, the company will be worth $93.60 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 40,408 shares traded hands or 604.46% up from the average. First Bank (NASDAQ:FRBA) has risen 23.57% since April 5, 2016 and is uptrending. It has outperformed by 21.62% the S&P500.
According to Zacks Investment Research, “First Bank is a state-chartered bank with five full-service branches. It provides personal and business banking services in New Jersey, the United States. The Bank offers checking, savings, and money market accounts; and auto and home loans, home equity line of credit, fixed rate home equity loans, lines of credit, term loans, commercial mortgages, letters of credit, merchant services, and construction finance. First Bank is headquartered in Hamilton, New Jersey.”
More notable recent First Bank (NASDAQ:FRBA) news were published by: Businesswire.com which released: “FirstBank Further Secures Its Mobile App with Touch ID and Entersekt” on November 02, 2016, also Businesswire.com with their article: “FirstBank Reports 2016 Third Quarter Financial Results” published on October 27, 2016, Bloomberg.com published: “Uber Partners First Bank to Offer Loans to Nigerian Drivers” on October 19, 2016. More interesting news about First Bank (NASDAQ:FRBA) were released by: Bizjournals.com and their article: “Avenue Bank co-founder joins FirstBank board” published on November 04, 2016 as well as Bizjournals.com‘s news article titled: “FirstBank’s first earnings as a public company show higher revenue, deposits” with publication date: October 28, 2016.
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