First Bancorp (FBNC) Rating Reiterated by Brean Capital
First Bancorp (NASDAQ:FBNC)‘s stock had its “buy” rating reaffirmed by equities researchers at Brean Capital in a research report issued on Tuesday.
A number of other research firms have also commented on FBNC. Stephens began coverage on shares of First Bancorp in a research report on Monday, December 4th. They set an “equal weight” rating for the company. Zacks Investment Research upgraded shares of First Bancorp from a “hold” rating to a “buy” rating and set a $39.00 price target for the company in a research report on Thursday, October 5th. Finally, Piper Jaffray Companies restated an “overweight” rating and set a $37.00 price target on shares of First Bancorp in a research report on Thursday, October 5th. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the company. First Bancorp presently has an average rating of “Buy” and a consensus price target of $36.25.
First Bancorp (NASDAQ FBNC) traded down $0.57 on Tuesday, hitting $37.48. 76,838 shares of the stock were exchanged, compared to its average volume of 92,729. The stock has a market cap of $1,110.00, a price-to-earnings ratio of 21.26, a P/E/G ratio of 1.50 and a beta of 1.08. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.05 and a quick ratio of 1.05. First Bancorp has a 12-month low of $25.90 and a 12-month high of $41.76.
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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.
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