Piper Sandler Reiterates Buy Rating for FRBA, Sets $19 Price Target
Piper Sandler maintained its buy rating on FRBA, forecasting a $19 price target, a 10.39% upside from the current price.
Key Points
- Piper Sandler reiterated its buy rating on FRBA on June 26, 2026, with a target price of $19.
- Piper Sandler's $19 price target implies 10.39% upside from First Bank's ($FRBA) current $17.21 share price.
- Shares of FRBA traded at $17.21 on Friday, reflecting recent analyst confidence.
- Institutional activity includes BlackRock holding 1.9 million shares valued at $30.3 million.
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Piper Sandler has reiterated its buy rating on FRBA, setting a price target of $19. This update came on June 26, 2026, with analyst Justin Crowley maintaining a positive outlook on the company's prospects. Shares of FRBA traded at $17.21 on Friday.
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Other Institutional Activity in FRBA
Several large institutional investors have recently made moves in FRBA. BlackRock, Inc. increased its holdings by 9,920 shares, ending with about 1,896,599 shares valued at approximately $30.3 million. Patriot Financial Partners GP II, L.P. reduced its stake by 200,000 shares, now holding 1,631,437 shares worth around $26.1 million, marking a 10.9% decrease. Dimensional Fund Advisors LP grew its position by 27,881 shares, bringing its total to 1,032,116 shares valued at $16.5 million, a 2.8% increase. Vanguard Capital Management LLC opened a new position with 965,272 shares valued at $15.4 million. Banc Funds Co LLC boosted its stake by 205,766 shares, reaching 864,205 shares worth about $13.8 million, a 31.3% increase.
Analysts Set New Price Targets
On June 26, 2026, Piper Sandler maintained its buy rating on FRBA with a price target of $19. This follows a previous target of $18 set on May 1, 2026. DA Davidson also maintained a hold rating with a $16 target on April 29, 2026. Analysts' consensus remains optimistic, with a mean target price reflecting positive sentiment.
Bottom Line
Piper Sandler's reiteration of a buy rating for FRBA with a $19 target reflects continued confidence in the company's performance. The stock's trading price of $17.21 suggests room for growth according to analysts. Institutional investors' varied activity, from new positions to increased holdings, highlights ongoing interest and potential in FRBA. As always, these insights are based on past data and should be considered with the understanding that market conditions can change.
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