First Bancorp (North Carolina) Reaches New 12-Month High at $17.40 (FBNC)
First Bancorp (North Carolina) (NASDAQ:FBNC)’s share price reached a new 52-week high during trading hours on Wednesday, Analyst Ratings Network.com reports. The company traded as high as $17.40 and last traded at $17.26, with a volume of 44,898 shares traded. The stock had previously closed at $17.26.
A number of analysts have recently weighed in on FBNC shares. Analysts at Thomson Reuters/Verus downgraded shares of First Bancorp (North Carolina) from a “hold” rating to a “sell” rating in a research note to investors on Tuesday, December 24th. Separately, analysts at Zacks upgraded shares of First Bancorp (North Carolina) from a “neutral” rating to an “outperform” rating in a research note to investors on Tuesday, December 24th. They now have a $18.30 price target on the stock. One analyst has rated the stock with a sell rating, three have issued a hold rating and six have issued a buy rating to the stock. First Bancorp (North Carolina) presently has an average rating of “Buy” and an average price target of $10.88.
First Bancorp has a 1-year low of $11.98 and a 1-year high of $17.40. The stock’s 50-day moving average is $16.42 and its 200-day moving average is $15.34. The company’s market cap is $339.7 million.
The company also recently declared a quarterly dividend, which is scheduled for Friday, January 24th. Stockholders of record on Tuesday, December 31st will be given a dividend of 0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 1.85%. The ex-dividend date of this dividend is Friday, December 27th.
First Bancorp is a bank holding company. The Company’s principal activity is the ownership and operation of First Bank (NASDAQ:FBNC), a state-chartered bank.
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