First Bancorp, Inc (ME) (NASDAQ:FNLC) Stock Price Crosses Above 200 Day Moving Average – Here’s What Happened

First Bancorp, Inc (ME) (NASDAQ:FNLC) shares passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $27.98 and traded as high as $30.95. First Bancorp, Inc (ME) shares last traded at $30.52, with a volume of 20,717 shares trading hands.

First Bancorp, Inc (ME) Stock Performance

The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.89 and a current ratio of 0.89. The stock’s 50-day moving average is $28.97 and its 200 day moving average is $27.98. The firm has a market cap of $344.27 million, a P/E ratio of 9.42 and a beta of 0.52.

First Bancorp, Inc (ME) (NASDAQ:FNLC) last released its quarterly earnings data on Wednesday, April 22nd. The bank reported $0.80 EPS for the quarter. First Bancorp, Inc (ME) had a net margin of 20.34% and a return on equity of 13.09%. The business had revenue of $25.87 million during the quarter.

First Bancorp, Inc (ME) Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 17th. Investors of record on Tuesday, April 7th were given a $0.37 dividend. The ex-dividend date was Tuesday, April 7th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 4.8%. First Bancorp, Inc (ME)’s dividend payout ratio is currently 45.68%.

Insider Activity at First Bancorp, Inc (ME)

In other news, Director Kimberly Swan acquired 1,500 shares of the stock in a transaction that occurred on Thursday, April 30th. The stock was acquired at an average price of $28.69 per share, for a total transaction of $43,035.00. Following the transaction, the director directly owned 14,470 shares in the company, valued at approximately $415,144.30. This represents a 11.57% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this link. 5.11% of the stock is currently owned by corporate insiders.

Institutional Trading of First Bancorp, Inc (ME)

A number of large investors have recently made changes to their positions in FNLC. Russell Investments Group Ltd. increased its position in shares of First Bancorp, Inc (ME) by 2,655.9% in the 3rd quarter. Russell Investments Group Ltd. now owns 937 shares of the bank’s stock valued at $25,000 after buying an additional 903 shares in the last quarter. BNP Paribas Financial Markets boosted its stake in First Bancorp, Inc (ME) by 36.6% in the 2nd quarter. BNP Paribas Financial Markets now owns 1,548 shares of the bank’s stock worth $39,000 after purchasing an additional 415 shares during the period. PNC Financial Services Group Inc. boosted its stake in First Bancorp, Inc (ME) by 27.7% in the 3rd quarter. PNC Financial Services Group Inc. now owns 2,004 shares of the bank’s stock worth $53,000 after purchasing an additional 435 shares during the period. Tower Research Capital LLC TRC boosted its stake in First Bancorp, Inc (ME) by 540.0% in the 2nd quarter. Tower Research Capital LLC TRC now owns 2,528 shares of the bank’s stock worth $64,000 after purchasing an additional 2,133 shares during the period. Finally, CWM LLC boosted its stake in First Bancorp, Inc (ME) by 79.9% in the 4th quarter. CWM LLC now owns 3,073 shares of the bank’s stock worth $81,000 after purchasing an additional 1,365 shares during the period. Institutional investors own 40.41% of the company’s stock.

First Bancorp, Inc (ME) Company Profile

First Bancorp, Inc (NASDAQ: FNLC) is a Maine-based bank holding company headquartered in Dover-Foxcroft. Through its principal subsidiary, The First National Bank of Dover-Foxcroft, the company provides a full suite of community banking services to individuals, small businesses and nonprofit organizations. Its core deposit offerings include checking, savings, money market and certificate of deposit accounts, complemented by online and mobile banking platforms.

On the lending side, First Bancorp’s product portfolio spans consumer and residential mortgage loans as well as commercial and agricultural lending.