First Bancorp (NASDAQ:FBNC) Director Donald H. Allred acquired 722 shares of the stock in a transaction on Thursday, March 23rd. The stock was bought at an average price of $28.15 per share, with a total value of $20,324.30. Following the transaction, the director now directly owns 722 shares in the company, valued at approximately $20,324.30. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.
Shares of First Bancorp (NASDAQ:FBNC) traded down 0.017% during midday trading on Monday, hitting $28.955. 54,446 shares of the stock traded hands. The firm’s 50-day moving average is $29.85 and its 200 day moving average is $25.14. First Bancorp has a 52 week low of $17.15 and a 52 week high of $31.31. The company has a market capitalization of $713.74 million, a price-to-earnings ratio of 21.820 and a beta of 1.10.
First Bancorp (NASDAQ:FBNC) last posted its quarterly earnings data on Thursday, January 26th. The financial services provider reported $0.41 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.40 by $0.01. First Bancorp had a net margin of 17.57% and a return on equity of 7.83%. Equities analysts forecast that First Bancorp will post $1.75 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 25th. Investors of record on Friday, March 31st will be given a dividend of $0.08 per share. The ex-dividend date is Wednesday, March 29th. This represents a $0.32 annualized dividend and a yield of 1.11%. First Bancorp’s dividend payout ratio is 24.06%.
A number of large investors have recently bought and sold shares of the company. Dimensional Fund Advisors LP boosted its stake in First Bancorp by 7.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,062,674 shares of the financial services provider’s stock valued at $28,841,000 after buying an additional 76,554 shares in the last quarter. Renaissance Technologies LLC boosted its stake in First Bancorp by 91.0% in the fourth quarter. Renaissance Technologies LLC now owns 589,800 shares of the financial services provider’s stock valued at $16,007,000 after buying an additional 281,000 shares in the last quarter. State Street Corp boosted its stake in First Bancorp by 6.5% in the fourth quarter. State Street Corp now owns 365,240 shares of the financial services provider’s stock valued at $9,916,000 after buying an additional 22,410 shares in the last quarter. FMR LLC purchased a new stake in First Bancorp during the fourth quarter valued at $7,513,000. Finally, Thompson Siegel & Walmsley LLC purchased a new stake in First Bancorp during the fourth quarter valued at $6,372,000. 53.02% of the stock is owned by institutional investors and hedge funds.
Separately, Zacks Investment Research upgraded shares of First Bancorp from a “hold” rating to a “buy” rating and set a $29.00 price target for the company in a research report on Tuesday, December 6th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. First Bancorp currently has an average rating of “Buy” and a consensus price target of $25.63.
About First Bancorp
First Bancorp is the bank holding company for First Bank (the Bank). The Company’s principal activity is the ownership and operation of First Bank. The Company engages in a range of banking activities, including the acceptance of deposits and the making of loans. The Company offers credit cards, debit cards, letters of credit, safe deposit box rentals and electronic funds transfer services, including wire transfers.
Receive News & Ratings for First Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for First Bancorp and related companies with MarketBeat.com's FREE daily email newsletter.