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First Bancorp (NASDAQ:FNLC) CEO Daniel R. Daigneault unloaded 2,104 shares of the stock on the open market in a transaction dated Friday, August 8th. The shares were sold at an average price of $16.51, for a total value of $34,737.04. Following the transaction, the chief executive officer now directly owns 144,713 shares in the company, valued at approximately $2,389,212. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

Separately, analysts at Guggenheim raised their price target on shares of First Bancorp to $5.50 in a research note on Tuesday, June 24th.

Shares of First Bancorp (NASDAQ:FNLC) traded up 0.37% on Friday, hitting $16.49. 8,091 shares of the company’s stock traded hands. First Bancorp has a 52-week low of $15.51 and a 52-week high of $18.20. The stock has a 50-day moving average of $16.72 and a 200-day moving average of $16.41. The company has a market cap of $176.6 million and a price-to-earnings ratio of 12.50.

The First Bancorp, Inc is a holding company of The First, N.A. (NASDAQ:FNLC).

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