Home / Financial / Financials Get Upward Pressure from 4.06% Morning Gain by First Bank (FRBA) on September 23

Financials Get Upward Pressure from 4.06% Morning Gain by First Bank (FRBA) on September 23

Financial stocks listed on the New York Stock Exchange or NASDAQ have gotten some tailwinds from First Bank (FRBA), as one of the best performers in the sector during morning trading on September 23. At the lunch break, shares of FRBA have advanced 4.06% to $8.64 after closing the day prior at $8.3. In morning action, the stock has moved as high as $8.66 and as low as $8.58. Today’s rise has come with about 3,000 shares changing hands, compared to an average 30-day volume of 2,813 for First Bank. The price is currently below the 30-day volume weighted average price of $8.63 for FRBA.

The share appreciation gives the company a market capitalization of $65.46 million based upon 7.89 million shares outstanding. It also means that FRBA has a price-to-book ratio of 0.46:1.

In the past 52 weeks, shares of FRBA have traded as low as $6.1 and as high as $8.99. Technical traders will take note that at $8.64, shares of FRBA are trading above their 200-day MA at $7.09 and above their 50-day MA at $7.96. Technical analysts pay close attention to these key moving averages because they often serve as technical support and resistance levels and because a move through or holding above them is typically regarded as bullish.

Who is FRBA?

First Bank Williamstown NJ provides its customers with a variety of financial services targeting all segments of the retail and corporate market, in addition to Fund Management, Brokerage, Leasing, Property Management businesses and Private Banking. The company’s employees are led by CEO Patrick L. Ryan from the corporate headquarters at 2465 Kuser Road in Hamilton, NJ.

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