First Bancorp (NASDAQ:FBNC) has received a consensus recommendation of “Buy” from the seven research firms that are covering the firm, Marketbeat reports. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $41.50.
A number of research firms have commented on FBNC. Brean Capital restated a “buy” rating on shares of First Bancorp in a report on Tuesday, December 5th. Stephens assumed coverage on shares of First Bancorp in a report on Monday, December 4th. They issued an “equal weight” rating for the company. Keefe, Bruyette & Woods reiterated a “buy” rating and set a $41.00 price objective on shares of First Bancorp in a report on Friday, December 22nd. BidaskClub cut shares of First Bancorp from a “buy” rating to a “hold” rating in a report on Thursday, December 21st. Finally, Zacks Investment Research cut shares of First Bancorp from a “buy” rating to a “hold” rating in a report on Tuesday, December 26th.
In other news, insider Suzanne S. Deferie sold 12,001 shares of First Bancorp stock in a transaction dated Wednesday, December 27th. The shares were sold at an average price of $35.67, for a total transaction of $428,075.67. Following the completion of the transaction, the insider now directly owns 113,408 shares in the company, valued at $4,045,263.36. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Richard H. Moore acquired 2,755 shares of First Bancorp stock in a transaction dated Wednesday, December 20th. The shares were acquired at an average price of $36.00 per share, with a total value of $99,180.00. Following the completion of the acquisition, the chief executive officer now directly owns 121,741 shares of the company’s stock, valued at $4,382,676. The disclosure for this purchase can be found here. 2.37% of the stock is owned by company insiders.
Shares of First Bancorp (NASDAQ:FBNC) opened at $37.49 on Wednesday. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.59. The company has a market cap of $1,109.98, a price-to-earnings ratio of 20.83, a price-to-earnings-growth ratio of 1.04 and a beta of 1.14. First Bancorp has a twelve month low of $27.50 and a twelve month high of $41.76.
First Bancorp (NASDAQ:FBNC) last posted its quarterly earnings results on Monday, January 29th. The financial services provider reported $0.44 EPS for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.09). The company had revenue of $63.72 million during the quarter, compared to analyst estimates of $64.12 million. First Bancorp had a return on equity of 8.43% and a net margin of 20.32%. equities analysts predict that First Bancorp will post 2.7 EPS for the current fiscal year.
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About First Bancorp
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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