First Bancorp, Inc (ME) (NASDAQ:FNLC) Director Bruce B. Tindal sold 3,450 shares of First Bancorp, Inc (ME) stock in a transaction on Thursday, October 19th. The shares were sold at an average price of $30.58, for a total transaction of $105,501.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Bruce B. Tindal also recently made the following trade(s):

  • On Monday, October 23rd, Bruce B. Tindal sold 4,000 shares of First Bancorp, Inc (ME) stock. The shares were sold at an average price of $30.57, for a total transaction of $122,280.00.

Shares of First Bancorp, Inc (NASDAQ FNLC) traded up 0.82% during trading on Monday, hitting $30.60. 25,120 shares of the company’s stock were exchanged. First Bancorp, Inc has a 1-year low of $22.87 and a 1-year high of $33.21. The firm has a market capitalization of $331.15 million, a PE ratio of 18.00 and a beta of 0.69. The stock’s 50 day moving average is $29.04 and its 200 day moving average is $27.10.

First Bancorp, Inc (ME) (NASDAQ:FNLC) last posted its earnings results on Wednesday, October 18th. The bank reported $0.46 EPS for the quarter. The company had revenue of $15.45 million during the quarter. First Bancorp, Inc (ME) had a net margin of 26.51% and a return on equity of 10.76%.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 31st. Shareholders of record on Friday, October 13th will be given a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 3.16%. The ex-dividend date of this dividend is Thursday, October 12th. First Bancorp, Inc (ME)’s dividend payout ratio is 55.17%.

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Separately, BidaskClub lowered shares of First Bancorp, Inc (ME) from a “hold” rating to a “sell” rating in a report on Tuesday, July 25th.

A number of hedge funds have recently bought and sold shares of FNLC. Strs Ohio grew its position in First Bancorp, Inc (ME) by 6.2% in the second quarter. Strs Ohio now owns 23,900 shares of the bank’s stock worth $646,000 after acquiring an additional 1,400 shares in the last quarter. First Trust Advisors LP bought a new stake in First Bancorp, Inc (ME) in the second quarter worth approximately $459,000. Bank of New York Mellon Corp grew its position in First Bancorp, Inc (ME) by 2.9% in the second quarter. Bank of New York Mellon Corp now owns 72,895 shares of the bank’s stock worth $1,973,000 after acquiring an additional 2,023 shares in the last quarter. HM Payson & Co. grew its position in First Bancorp, Inc (ME) by 0.3% in the second quarter. HM Payson & Co. now owns 42,356 shares of the bank’s stock worth $1,146,000 after acquiring an additional 112 shares in the last quarter. Finally, Wells Fargo & Company MN grew its position in First Bancorp, Inc (ME) by 1.9% in the second quarter. Wells Fargo & Company MN now owns 13,825 shares of the bank’s stock worth $374,000 after acquiring an additional 259 shares in the last quarter. 32.09% of the stock is owned by institutional investors.

First Bancorp, Inc (ME) Company Profile

The First Bancorp, Inc is the bank holding company of First National Bank (the Bank). The Bank offers a range of financial services to individuals and companies in coastal Maine. The Company, through First Advisors, a division of the Bank, offers a range of private banking, financial planning, investment management and trust services to individuals, businesses, non-profit organizations and municipalities of various asset sizes.

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