First Bancorp, Inc (ME) (NASDAQ:FNLC) Director Bruce B. Tindal sold 4,000 shares of the company’s stock in a transaction that occurred on Monday, October 23rd. The shares were sold at an average price of $30.57, for a total value of $122,280.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

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

  • On Thursday, October 19th, Bruce B. Tindal sold 3,450 shares of First Bancorp, Inc (ME) stock. The shares were sold at an average price of $30.58, for a total value of $105,501.00.

Shares of First Bancorp, Inc (NASDAQ FNLC) traded up 0.82% during midday trading on Monday, hitting $30.60. The stock had a trading volume of 25,120 shares. The firm has a market cap of $331.15 million, a price-to-earnings ratio of 18.00 and a beta of 0.69. First Bancorp, Inc has a 52-week low of $22.87 and a 52-week high of $33.21. The firm’s 50 day moving average price is $29.04 and its 200 day moving average price is $27.10.

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

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

COPYRIGHT VIOLATION WARNING: “First Bancorp, Inc (ME) (FNLC) Director Sells $122,280.00 in Stock” was posted by American Banking News and is the sole property of of American Banking News. If you are viewing this piece of content on another publication, it was illegally copied and reposted in violation of United States & international copyright laws. The original version of this piece of content can be read at https://www.americanbankingnews.com/2017/10/23/first-bancorp-inc-me-fnlc-director-sells-122280-00-in-stock.html.

Separately, BidaskClub downgraded First Bancorp, Inc (ME) from a “sell” rating to a “strong sell” rating in a research report on Thursday, August 24th.

Hedge funds have recently added to or reduced their stakes in the company. Susquehanna International Group LLP purchased a new stake in First Bancorp, Inc (ME) in the second quarter valued at approximately $211,000. Alliancebernstein L.P. raised its position in First Bancorp, Inc (ME) by 15.8% in the second quarter. Alliancebernstein L.P. now owns 10,279 shares of the bank’s stock valued at $278,000 after purchasing an additional 1,400 shares during the period. Wells Fargo & Company MN raised 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 valued at $374,000 after purchasing an additional 259 shares during the period. Menta Capital LLC purchased a new stake in First Bancorp, Inc (ME) in the second quarter valued at approximately $376,000. Finally, First Trust Advisors LP purchased a new stake in First Bancorp, Inc (ME) in the second quarter valued at approximately $459,000. 32.09% of the stock is currently owned by hedge funds and other institutional investors.

About First Bancorp, Inc (ME)

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.

Receive News & Ratings for First Bancorp Inc (ME) Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for First Bancorp Inc (ME) and related companies with MarketBeat.com's FREE daily email newsletter.