First Bancorp (North Carolina) CEO Acquires $75,029 in Stock (FBNC)
First Bancorp (North Carolina) (NASDAQ:FBNC) CEO Richard H. Moore bought 4,640 shares of the company’s stock in a transaction dated Monday, August 4th. The shares were purchased at an average cost of $16.17 per share, for a total transaction of $75,028.80. Following the purchase, the chief executive officer now directly owns 94,066 shares in the company, valued at approximately $1,521,047. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.
First Bancorp (NASDAQ:FBNC) traded up 0.81% on Monday, hitting $16.16. 42,072 shares of the company’s stock traded hands. First Bancorp has a 1-year low of $12.33 and a 1-year high of $19.65. The stock’s 50-day moving average is $17.36 and its 200-day moving average is $17.86. The company has a market cap of $318.4 million and a price-to-earnings ratio of 13.80.
First Bancorp (North Carolina) (NASDAQ:FBNC) last released its earnings data on Friday, August 1st. The company reported $0.32 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.30 by $0.02. Analysts expect that First Bancorp will post $1.14 EPS for the current fiscal year.
Separately, 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 equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $13.73.
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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