First Bancorp (FBNC) to Release Quarterly Earnings on Monday
First Bancorp (NASDAQ:FBNC) is scheduled to announce its earnings results on Monday, July 24th. Analysts expect the company to announce earnings of $0.43 per share for the quarter.
First Bancorp (NASDAQ FBNC) opened at 30.82 on Monday. The company has a market cap of $759.84 million, a P/E ratio of 23.09 and a beta of 1.18. First Bancorp has a 1-year low of $17.50 and a 1-year high of $32.27. The stock has a 50 day moving average price of $29.55 and a 200 day moving average price of $29.18.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 25th. Stockholders of record on Friday, June 30th will be issued a $0.08 dividend. The ex-dividend date is Wednesday, June 28th. This represents a $0.32 annualized dividend and a dividend yield of 1.04%. First Bancorp’s dividend payout ratio (DPR) is presently 23.88%.
TRADEMARK VIOLATION NOTICE: “First Bancorp (FBNC) to Release Quarterly Earnings on Monday” was first reported by American Banking News and is the sole property of of American Banking News. If you are accessing this news story on another site, it was illegally stolen and reposted in violation of US and international trademark and copyright laws. The original version of this news story can be viewed at https://www.americanbankingnews.com/2017/07/17/first-bancorp-fbnc-to-release-quarterly-earnings-on-monday.html.
Several equities analysts have recently issued reports on FBNC shares. Zacks Investment Research raised First Bancorp from a “hold” rating to a “buy” rating and set a $34.00 price objective for the company in a report on Monday, May 1st. ValuEngine raised First Bancorp from a “hold” rating to a “buy” rating in a report on Friday, June 2nd. Keefe, Bruyette & Woods reissued a “buy” rating and issued a $34.00 price objective on shares of First Bancorp in a report on Monday, June 26th. Finally, Brean Capital started coverage on First Bancorp in a report on Friday, June 9th. They issued a “buy” rating and a $33.00 price objective for the company. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. First Bancorp currently has an average rating of “Buy” and an average target price of $32.00.
In related news, Director James C. Crawford III acquired 1,000 shares of the firm’s stock in a transaction dated Tuesday, May 2nd. The stock was acquired at an average price of $28.81 per share, with a total value of $28,810.00. Following the acquisition, the director now directly owns 62,777 shares in the company, valued at approximately $1,808,605.37. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In the last three months, insiders bought 2,500 shares of company stock valued at $73,195. Insiders own 2.37% of the company’s stock.
First Bancorp Company Profile
First Bancorp is the bank holding company for First Bank (the Bank). The Company’s principal activity is the ownership and operation of First Bank. The Bank engages in a range of banking activities, including the acceptance of deposits and the making of loans. The Bank offers credit cards, debit cards, letters of credit, safe deposit box rentals and electronic funds transfer services, including wire transfers.
Receive News & Ratings for First Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for First Bancorp and related companies with MarketBeat.com's FREE daily email newsletter.