Swiss National Bank grew its position in shares of First Bancorp (NASDAQ:FBNC) by 15.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 45,100 shares of the financial services provider’s stock after acquiring an additional 6,100 shares during the quarter. Swiss National Bank owned 0.15% of First Bancorp worth $1,592,000 at the end of the most recent reporting period.
Other large investors have also recently added to or reduced their stakes in the company. BB&T Securities LLC acquired a new position in First Bancorp during the 3rd quarter worth approximately $423,000. State Street Corp boosted its holdings in shares of First Bancorp by 27.9% in the 2nd quarter. State Street Corp now owns 461,813 shares of the financial services provider’s stock valued at $14,436,000 after buying an additional 100,632 shares during the last quarter. Schwab Charles Investment Management Inc. boosted its holdings in shares of First Bancorp by 5.0% in the 3rd quarter. Schwab Charles Investment Management Inc. now owns 103,363 shares of the financial services provider’s stock valued at $3,557,000 after buying an additional 4,910 shares during the last quarter. Ironsides Asset Advisors LLC boosted its holdings in shares of First Bancorp by 100.0% in the 3rd quarter. Ironsides Asset Advisors LLC now owns 74,972 shares of the financial services provider’s stock valued at $2,586,000 after buying an additional 37,486 shares during the last quarter. Finally, Goldman Sachs Group Inc. boosted its holdings in shares of First Bancorp by 39.3% in the 2nd quarter. Goldman Sachs Group Inc. now owns 11,748 shares of the financial services provider’s stock valued at $367,000 after buying an additional 3,314 shares during the last quarter. 61.56% of the stock is owned by hedge funds and other institutional investors.
In other First Bancorp news, CEO Richard H. Moore purchased 2,755 shares of the business’s stock in a transaction on Wednesday, December 20th. The stock was acquired at an average price of $36.00 per share, with a total value of $99,180.00. Following the acquisition, the chief executive officer now directly owns 121,741 shares of the company’s stock, valued at approximately $4,382,676. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Suzanne S. Deferie sold 12,001 shares of the firm’s stock in a transaction on Wednesday, December 27th. The shares were sold at an average price of $35.67, for a total value of $428,075.67. Following the sale, the insider now directly owns 113,408 shares of the company’s stock, valued at approximately $4,045,263.36. The disclosure for this sale can be found here. Company insiders own 2.37% of the company’s stock.
Shares of First Bancorp (NASDAQ FBNC) opened at $37.43 on Tuesday. The company has a market capitalization of $1,102.86, a P/E ratio of 20.32, a PEG ratio of 1.03 and a beta of 1.14. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.59. First Bancorp has a twelve month low of $27.50 and a twelve month high of $41.76.
First Bancorp (NASDAQ:FBNC) last announced its quarterly earnings results on Monday, January 29th. The financial services provider reported $0.44 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.53 by ($0.09). First Bancorp had a net margin of 20.32% and a return on equity of 8.43%. The business had revenue of $63.72 million for the quarter, compared to analyst estimates of $64.12 million. analysts forecast that First Bancorp will post 2.7 earnings per share for the current year.
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First Bancorp 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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