First Bancorp (FNLC) Stock Rating Lowered by BidaskClub

First Bancorp (NASDAQ:FNLC) was downgraded by research analysts at BidaskClub from a “hold” rating to a “sell” rating in a research note issued to investors on Saturday.

Shares of First Bancorp (FNLC) opened at $29.24 on Friday. The company has a market cap of $316.60, a price-to-earnings ratio of 16.90 and a beta of 0.63. The company has a debt-to-equity ratio of 0.64, a current ratio of 0.78 and a quick ratio of 0.78. First Bancorp has a 12 month low of $25.00 and a 12 month high of $33.21.

First Bancorp (NASDAQ:FNLC) last announced 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 during the quarter. First Bancorp had a net margin of 26.51% and a return on equity of 10.68%.

In other news, Director Bruce B. Tindal sold 3,450 shares of the firm’s stock in a transaction dated Thursday, October 19th. The shares were sold at an average price of $30.58, for a total transaction of $105,501.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 6.63% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Susquehanna International Group LLP acquired a new stake in shares of First Bancorp during the 2nd quarter worth about $211,000. Beacon Investment Advisory Services Inc. acquired a new stake in shares of First Bancorp during the 3rd quarter worth about $242,000. Alliancebernstein L.P. lifted its stake in shares of First Bancorp by 15.8% during the 2nd quarter. Alliancebernstein L.P. now owns 10,279 shares of the bank’s stock worth $278,000 after buying an additional 1,400 shares during the last quarter. Wells Fargo & Company MN lifted its stake in shares of First Bancorp by 1.9% during the 2nd quarter. Wells Fargo & Company MN now owns 13,825 shares of the bank’s stock worth $374,000 after buying an additional 259 shares during the last quarter. Finally, Menta Capital LLC acquired a new stake in shares of First Bancorp during the 2nd quarter worth about $376,000. Institutional investors own 32.03% of the company’s stock.

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First Bancorp 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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