SG Americas Securities LLC Increases Stock Position in The First Bancorp, Inc. (NASDAQ:FNLC)

SG Americas Securities LLC increased its holdings in The First Bancorp, Inc. (NASDAQ:FNLC) by 25.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 5,337 shares of the bank’s stock after buying an additional 1,073 shares during the quarter. SG Americas Securities LLC’s holdings in First Bancorp were worth $151,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. BlackRock Inc. boosted its holdings in shares of First Bancorp by 3.1% in the second quarter. BlackRock Inc. now owns 707,725 shares of the bank’s stock worth $17,226,000 after buying an additional 21,025 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in First Bancorp by 0.6% during the second quarter. Dimensional Fund Advisors LP now owns 468,919 shares of the bank’s stock valued at $11,414,000 after purchasing an additional 2,903 shares in the last quarter. The Manufacturers Life Insurance Company lifted its holdings in First Bancorp by 1.5% during the first quarter. The Manufacturers Life Insurance Company now owns 430,391 shares of the bank’s stock valued at $12,946,000 after purchasing an additional 6,227 shares in the last quarter. FMR LLC lifted its holdings in First Bancorp by 2.6% during the third quarter. FMR LLC now owns 224,889 shares of the bank’s stock valued at $5,285,000 after purchasing an additional 5,748 shares in the last quarter. Finally, State Street Corp lifted its holdings in First Bancorp by 2.1% during the second quarter. State Street Corp now owns 196,057 shares of the bank’s stock valued at $4,772,000 after purchasing an additional 3,944 shares in the last quarter. Hedge funds and other institutional investors own 40.41% of the company’s stock.

First Bancorp Price Performance

Shares of NASDAQ:FNLC opened at $22.02 on Wednesday. The First Bancorp, Inc. has a 1-year low of $21.77 and a 1-year high of $29.16. The company has a market capitalization of $245.08 million, a P/E ratio of 8.28 and a beta of 0.56. The firm’s 50 day simple moving average is $23.50 and its two-hundred day simple moving average is $24.66.

First Bancorp (NASDAQ:FNLC) last released its earnings results on Wednesday, January 24th. The bank reported $0.60 EPS for the quarter. First Bancorp had a net margin of 20.55% and a return on equity of 12.69%. The firm had revenue of $19.96 million for the quarter.

First Bancorp Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 19th. Investors of record on Tuesday, April 9th will be paid a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 6.36%. The ex-dividend date of this dividend is Monday, April 8th. First Bancorp’s payout ratio is 52.63%.

First Bancorp Company Profile

The First Bancorp, Inc operates as the holding company for First National Bank that provides a range of banking products and services to individuals and businesses. It offers various deposit products, including demand, NOW, time, savings, money market, and certificates of deposit accounts. The company also provides commercial loans comprising commercial real estate owner occupied, such as mortgage loans to finance investments in real property such as retail space, offices, industrial buildings, hotels, educational facilities, and other specific or mixed use properties; commercial real estate non-owner occupied loans; commercial construction to finance construction in a mix of owner- and nonowner occupied commercial real estate properties; and commercial and industrial loans, including revolving and term loan for financing working capital and/or capital investment.