First Bancorp (NASDAQ:FBNC) is scheduled to post its quarterly earnings results on Wednesday, January 24th. Analysts expect First Bancorp to post earnings of $0.53 per share for the quarter.

First Bancorp (NASDAQ:FBNC) last issued its quarterly earnings results on Tuesday, October 24th. The financial services provider reported $0.53 EPS for the quarter, topping the Zacks’ consensus estimate of $0.48 by $0.05. First Bancorp had a net margin of 19.96% and a return on equity of 8.93%. On average, analysts expect First Bancorp to post $2 EPS for the current fiscal year and $3 EPS for the next fiscal year.

First Bancorp (NASDAQ:FBNC) opened at $36.64 on Wednesday. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.78. First Bancorp has a twelve month low of $26.47 and a twelve month high of $41.76. The company has a market cap of $1,095.94, a price-to-earnings ratio of 21.30, a PEG ratio of 1.16 and a beta of 1.10.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 25th. Investors of record on Sunday, December 31st will be issued a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 0.87%. The ex-dividend date is Thursday, December 28th. First Bancorp’s dividend payout ratio is currently 18.60%.

Several equities analysts recently commented on FBNC shares. Piper Jaffray Companies reaffirmed an “overweight” rating and set a $37.00 target price on shares of First Bancorp in a report on Thursday, October 5th. BidaskClub lowered shares of First Bancorp from a “buy” rating to a “hold” rating in a report on Thursday, December 21st. Zacks Investment Research lowered shares of First Bancorp from a “buy” rating to a “hold” rating in a report on Tuesday, December 26th. Brean Capital reaffirmed a “buy” rating on shares of First Bancorp in a report on Tuesday, January 2nd. Finally, Stephens started coverage on shares of First Bancorp in a report on Monday, December 4th. They set an “equal weight” rating on the stock. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. First Bancorp currently has a consensus rating of “Buy” and an average price target of $39.50.

In related news, insider Suzanne S. Deferie sold 12,001 shares of the stock in a transaction on Wednesday, December 27th. The shares were sold at an average price of $35.67, for a total transaction of $428,075.67. Following the transaction, the insider now owns 113,408 shares of the company’s stock, valued at approximately $4,045,263.36. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Richard H. Moore bought 2,755 shares of First Bancorp stock in a transaction that occurred on Wednesday, December 20th. The shares were acquired at an average cost of $36.00 per share, for a total transaction of $99,180.00. Following the acquisition, the chief executive officer now owns 121,741 shares in the company, valued at approximately $4,382,676. The disclosure for this purchase can be found here. 2.37% of the stock is currently owned by company insiders.

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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.

Earnings History for First Bancorp (NASDAQ:FBNC)

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