First Bancorp, Inc (ME) (NASDAQ:FNLC) Share Price Passes Above Two Hundred Day Moving Average – Time to Sell?

First Bancorp, Inc (ME) (NASDAQ:FNLC)’s stock price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $28.23 and traded as high as $33.90. First Bancorp, Inc (ME) shares last traded at $33.12, with a volume of 119,208 shares.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “buy (b)” rating on shares of First Bancorp, Inc (ME) in a report on Thursday. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat, First Bancorp, Inc (ME) presently has an average rating of “Buy”.

First Bancorp, Inc (ME) Trading Up 9.0%

The business’s 50-day moving average price is $29.22 and its 200 day moving average price is $28.23. The company has a market cap of $373.59 million, a P/E ratio of 10.22 and a beta of 0.52. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.89 and a current ratio of 0.89.

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

First Bancorp, Inc (ME) Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, April 17th. Shareholders of record on Tuesday, April 7th were given a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a yield of 4.5%. The ex-dividend date of this dividend was Tuesday, April 7th. First Bancorp, Inc (ME)’s payout ratio is 45.68%.

Insider Transactions at First Bancorp, Inc (ME)

In other First Bancorp, Inc (ME) news, Director Kimberly Swan acquired 1,500 shares of the business’s stock in a transaction dated Thursday, April 30th. The stock was bought at an average cost of $28.69 per share, with a total value of $43,035.00. Following the completion of 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 position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 5.11% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On First Bancorp, Inc (ME)

A number of large investors have recently added to or reduced their stakes in the business. BNP Paribas Financial Markets raised its position in shares of First Bancorp, Inc (ME) by 91.8% in the third quarter. BNP Paribas Financial Markets now owns 2,969 shares of the bank’s stock valued at $78,000 after purchasing an additional 1,421 shares during the period. PNC Financial Services Group Inc. grew 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 valued at $53,000 after buying an additional 435 shares during the last quarter. Russell Investments Group Ltd. grew its stake in First Bancorp, Inc (ME) by 40.9% in the 4th quarter. Russell Investments Group Ltd. now owns 1,320 shares of the bank’s stock valued at $35,000 after buying an additional 383 shares during the last quarter. Empowered Funds LLC lifted its position in First Bancorp, Inc (ME) by 7.0% during the first quarter. Empowered Funds LLC now owns 9,354 shares of the bank’s stock worth $262,000 after acquiring an additional 608 shares during the last quarter. Finally, Quantinno Capital Management LP boosted its holdings in shares of First Bancorp, Inc (ME) by 37.8% during the first quarter. Quantinno Capital Management LP now owns 55,599 shares of the bank’s stock worth $1,558,000 after acquiring an additional 15,263 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.