First Bank (NASDAQ:FRBA) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a note issued to investors on Tuesday, AnalystRatings.Net reports.

According to Zacks, “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. “

Shares of First Bank (NASDAQ:FRBA) opened at 6.40 on Tuesday. The firm has a market cap of $60.61 million and a price-to-earnings ratio of 13.59. First Bank has a one year low of $5.80 and a one year high of $7.25. The stock’s 50 day moving average price is $6.68 and its 200 day moving average price is $6.40.

12 Month Chart for NASDAQ:FRBA

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