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First Bancorp (NASDAQ:FNLC) CEO Daniel R. Daigneault sold 400 shares of the company’s stock in a transaction dated Thursday, August 7th. The shares were sold at an average price of $16.54, for a total transaction of $6,616.00. Following the transaction, the chief executive officer now directly owns 144,713 shares in the company, valued at approximately $2,393,553. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at 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.

First Bancorp (NASDAQ:FNLC) opened at 16.49 on Monday. First Bancorp has a 1-year low of $15.51 and a 1-year 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 P/E ratio of 12.55.

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

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