First Bancorp (NASDAQ: FBNC) principal Carlie C. Mclamb, Jr. bought 2,006 shares of the company in a trade on Monday, November 22. The shares were purchased at an average cost of $ 49.24 per share, for a total value of $ 98,775.44. The transaction was disclosed in a file with the SEC, accessible through this link.

NASDAQ FBNC shares traded down $ 0.44 midday Monday, reaching $ 45.47. The company’s shares had a trading volume of 214,573 shares, compared to its average volume of 155,447. The company has a market capitalization of $ 1.62 billion, a price-to-earnings ratio of 12.02 and a beta of 1.27. The company has a quick ratio of 0.70, a current ratio of 0.70, and a debt ratio of 0.07. The company’s fifty-day simple moving average is $ 45.68. First Bancorp has a 52 week low of $ 31.08 and a 52 week high of $ 50.92.

First Bancorp (NASDAQ: FBNC) last released its quarterly earnings data on Monday, October 25. The financial services provider reported earnings per share of $ 0.97 for the quarter, hitting analyst consensus estimates of $ 0.97. The company posted revenue of $ 75.06 million in the quarter, compared to $ 77.45 million according to analysts’ estimates. First Bancorp recorded a return on equity of 12.07% and a net margin of 34.25%. As a group, equity research analysts predict that First Bancorp will post 3.42 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Monday, October 25. Shareholders of record on Thursday, September 30, received a dividend of $ 0.20. This represents a dividend of $ 0.80 on an annualized basis and a dividend yield of 1.76%. The ex-dividend date of this dividend was Wednesday, September 29. First Bancorp’s dividend payout ratio (DPR) is 20.94%.

Several research companies have published reports on FBNC. Piper Sandler downgraded First Bancorp from an “overweight” rating to a “neutral” rating and set a price target of $ 52.00 for the company. in a report on Tuesday, October 12. Zacks Investment Research downgraded First Bancorp from a “buy” rating to a “maintain” rating in a report released on Tuesday, October 12.

Several large investors have recently bought and sold shares of FBNC. Schonfeld Strategic Advisors LLC purchased a new equity stake in First Bancorp in the first quarter valued at approximately $ 222,000. Jane Street Group LLC purchased a new equity stake in First Bancorp in the first quarter valued at approximately $ 270,000. Squarepoint Ops LLC purchased a new stake in First Bancorp shares in the first quarter valued at approximately $ 203,000. The Alaska State Department of Revenue increased its position in First Bancorp shares by 2.1% in the second quarter. The Alaska State Department of Revenue now owns 19,707 shares of the financial services provider valued at $ 806,000 after purchasing an additional 413 shares in the last quarter. Finally, Founders Financial Alliance LLC increased its position in First Bancorp shares by 0.6% in the second quarter. Founders Financial Alliance LLC now owns 164,777 shares of the financial services provider worth $ 6,737,000 after purchasing an additional 927 shares in the last quarter. Institutional investors hold 76.22% of the company’s shares.

First profile of the Bancorp company

First Bancorp operates as a banking holding company, carrying on banking activities, accepting deposits and granting loans. It offers a range of deposit products such as checking, savings, NOW and money accounts, as well as term deposits, including various types of certificates of deposit, CDs, and individual retirement accounts.

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