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.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Castine Capital Management LLC lifted its holdings in shares of First Bancorp by 14.8% during the 3rd quarter. Castine Capital Management LLC now owns 225,662 shares of the financial services provider’s stock worth $7,764,000 after acquiring an additional 29,064 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of First Bancorp by 4.8% during the 3rd quarter. Dimensional Fund Advisors LP now owns 1,294,316 shares of the financial services provider’s stock worth $44,537,000 after acquiring an additional 59,041 shares during the last quarter. BB&T Securities LLC bought a new stake in shares of First Bancorp during the 3rd quarter worth $423,000. Schwab Charles Investment Management Inc. lifted its holdings in shares of First Bancorp by 5.0% during the 3rd quarter. Schwab Charles Investment Management Inc. now owns 103,363 shares of the financial services provider’s stock worth $3,557,000 after acquiring an additional 4,910 shares during the last quarter. Finally, Wells Fargo & Company MN lifted its holdings in shares of First Bancorp by 26.8% during the 3rd quarter. Wells Fargo & Company MN now owns 53,370 shares of the financial services provider’s stock worth $1,836,000 after acquiring an additional 11,264 shares during the last quarter. 56.53% of the stock is owned by institutional investors.

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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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