Shares of Forbright, Inc. (NASDAQ:FRBT – Get Free Report) have earned a consensus rating of “Moderate Buy” from the eight ratings firms that are currently covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, two have given a hold rating and five have issued a buy rating on the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $22.40.
FRBT has been the subject of several recent analyst reports. Piper Sandler initiated coverage on shares of Forbright in a research report on Monday, July 6th. They set a “neutral” rating and a $21.50 price objective for the company. Wall Street Zen upgraded shares of Forbright from a “sell” rating to a “hold” rating in a research note on Monday, July 20th. Weiss Ratings started coverage on shares of Forbright in a report on Tuesday, September 8th. They issued a “sell (e)” rating on the stock. The Goldman Sachs Group initiated coverage on shares of Forbright in a report on Monday, July 6th. They issued a “buy” rating and a $23.50 target price on the stock. Finally, Wells Fargo & Company dropped their target price on shares of Forbright from $22.00 to $21.00 and set an “overweight” rating for the company in a research report on Wednesday, September 30th.
Read Our Latest Report on FRBT
Institutional Trading of Forbright
Forbright Stock Performance
FRBT opened at $17.27 on Wednesday. The firm has a market cap of $876.63 million and a price-to-earnings ratio of 191.89. Forbright has a 52-week low of $16.81 and a 52-week high of $22.00. The company has a current ratio of 0.95, a quick ratio of 0.88 and a debt-to-equity ratio of 0.16. The stock’s fifty day moving average is $18.46.
Forbright (NASDAQ:FRBT – Get Free Report) last issued its quarterly earnings results on Thursday, July 30th. The company reported $0.09 EPS for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.04). The company had revenue of $84.87 million during the quarter, compared to the consensus estimate of $85.24 million. On average, research analysts predict that Forbright will post 1.14 earnings per share for the current fiscal year.
Forbright Company Profile
Forbright Inc operates as the bank holding company for Forbright Bank which provides various financial services for consumers and businesses principally in the United States. It offers checking and savings accounts, certificates of deposit, and other account and branch banking services and corporate, fund, healthcare, lender, and real estate financing as well as credit cards. Forbright Inc is based in Chevy Chase, Maryland.
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