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First Bancorp (North Carolina) (NASDAQ:FBNC) posted its quarterly earnings results on Friday. The company reported $0.32 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.30 by $0.02, American Banking reports.

On the ratings front, analysts at Zacks downgraded shares of First Bancorp (North Carolina) from an “outperform” rating to a “neutral” rating in a research note on Tuesday, July 1st. They now have a $19.90 price target on the stock. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $13.73.

First Bancorp (NASDAQ:FBNC) opened at 16.08 on Friday. First Bancorp has a 52 week low of $12.33 and a 52 week high of $19.65. The stock’s 50-day moving average is $17.42 and its 200-day moving average is $17.86. The company has a market cap of $316.7 million and a price-to-earnings ratio of 14.64.

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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