First Bancorp (North Carolina) Downgraded to Neutral at Zacks (FBNC)
First Bancorp (North Carolina) (NASDAQ:FBNC) was downgraded by Zacks from an “outperform” rating to a “neutral” rating in a research note issued to investors on Tuesday. They currently have a $19.90 price target on the stock. Zacks‘s price target would suggest a potential upside of 7.74% from the stock’s previous close.
First Bancorp (NASDAQ:FBNC) traded up 0.65% during mid-day trading on Tuesday, hitting $18.47. 56,027 shares of the company’s stock traded hands. First Bancorp has a 52 week low of $12.33 and a 52 week high of $19.65. The stock has a 50-day moving average of $17.89 and a 200-day moving average of $17.78. The company has a market cap of $363.8 million and a P/E ratio of 16.55.
First Bancorp (North Carolina) (NASDAQ:FBNC) last announced its earnings results on Wednesday, April 30th. The company reported $0.27 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.25 by $0.02. Analysts expect that First Bancorp will post $1.15 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Friday, July 25th. Stockholders of record on Monday, June 30th will be paid a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 1.73%. The ex-dividend date is Thursday, June 26th.
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.
To view Zacks’ full report, visit Zacks’ official website.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.