First Bancorp (FBNC) to Release Earnings on Wednesday
First Bancorp (NASDAQ:FBNC) is set to release its earnings data on Wednesday, October 25th. Analysts expect First Bancorp to post earnings of $0.49 per share for the quarter.
First Bancorp (NASDAQ:FBNC) last announced its quarterly earnings results on Tuesday, July 25th. The financial services provider reported $0.45 earnings per share for the quarter, beating analysts’ consensus estimates of $0.43 by $0.02. First Bancorp had a return on equity of 7.77% and a net margin of 17.52%. The firm had revenue of $51.79 million for the quarter, compared to analysts’ expectations of $49.49 million. On average, analysts expect First Bancorp to post $1.85 EPS for the current fiscal year and $2.19 EPS for the next fiscal year.
Shares of First Bancorp (FBNC) opened at 35.44 on Wednesday. First Bancorp has a 12 month low of $19.18 and a 12 month high of $35.90. The company has a market capitalization of $874.59 million, a PE ratio of 24.70 and a beta of 1.13. The firm has a 50-day moving average price of $32.85 and a 200-day moving average price of $30.81.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 25th. Shareholders of record on Friday, September 29th will be paid a dividend of $0.08 per share. The ex-dividend date of this dividend is Thursday, September 28th. This represents a $0.32 dividend on an annualized basis and a yield of 0.90%. First Bancorp’s dividend payout ratio (DPR) is presently 22.54%.
Several equities analysts have recently issued reports on the company. Zacks Investment Research upgraded First Bancorp from a “hold” rating to a “buy” rating and set a $39.00 price target on the stock in a research note on Thursday, October 5th. Piper Jaffray Companies reiterated an “overweight” rating and issued a $37.00 price target on shares of First Bancorp in a research note on Thursday, October 5th. Brean Capital reiterated a “buy” rating on shares of First Bancorp in a research note on Wednesday, August 2nd. ValuEngine raised First Bancorp from a “hold” rating to a “buy” rating in a report on Friday, July 28th. Finally, Keefe, Bruyette & Woods reissued a “buy” rating and set a $34.00 price objective on shares of First Bancorp in a report on Monday, June 26th. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. First Bancorp presently has a consensus rating of “Buy” and a consensus price target of $35.75.
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About First Bancorp
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.
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