First Bancorp, Inc (ME) (NASDAQ:FNLC) Shares Pass Above 200-Day Moving Average - What's Next?

First Bancorp, Inc (ME) (NASDAQ:FNLC - Get Free Report)'s stock price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $25.03 and traded as high as $26.05. First Bancorp, Inc (ME) shares last traded at $25.99, with a volume of 19,702 shares trading hands.

First Bancorp, Inc (ME) Stock Down 0.2%

The stock has a 50 day simple moving average of $24.89 and a 200-day simple moving average of $25.03. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.85 and a quick ratio of 0.85. The firm has a market cap of $299.77 million, a PE ratio of 10.66 and a beta of 0.54.

First Bancorp, Inc (ME) (NASDAQ:FNLC - Get Free Report) last posted its quarterly earnings data on Wednesday, April 23rd. The bank reported $0.63 earnings per share (EPS) for the quarter. The business had revenue of $21.80 million during the quarter. First Bancorp, Inc (ME) had a return on equity of 11.09% and a net margin of 16.60%.

First Bancorp, Inc (ME) Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 18th. Investors of record on Tuesday, July 8th will be paid a $0.37 dividend. The ex-dividend date of this dividend is Tuesday, July 8th. This represents a $1.48 annualized dividend and a yield of 5.53%. This is a boost from First Bancorp, Inc (ME)'s previous quarterly dividend of $0.36. First Bancorp, Inc (ME)'s dividend payout ratio is 58.96%.

Insider Activity at First Bancorp, Inc (ME)

In other news, Director Kimberly Swan acquired 1,600 shares of the company's stock in a transaction that occurred on Thursday, April 24th. The shares were bought at an average price of $24.42 per share, with a total value of $39,072.00. Following the completion of the purchase, the director directly owned 12,183 shares in the company, valued at $297,508.86. This trade represents a 15.12% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Ingrid Wilbur Kachmar acquired 4,000 shares of the company's stock in a transaction that occurred on Monday, April 28th. The stock was purchased at an average cost of $24.10 per share, for a total transaction of $96,400.00. Following the purchase, the director owned 5,015 shares of the company's stock, valued at $120,861.50. This represents a 394.09% increase in their ownership of the stock. The disclosure for this purchase can be found here. 5.09% of the stock is owned by corporate insiders.

Institutional Trading of First Bancorp, Inc (ME)

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Dimensional Fund Advisors LP boosted its position in First Bancorp, Inc (ME) by 0.3% during the 4th quarter. Dimensional Fund Advisors LP now owns 473,481 shares of the bank's stock valued at $12,949,000 after acquiring an additional 1,525 shares in the last quarter. Northern Trust Corp boosted its position in First Bancorp, Inc (ME) by 5.1% during the 4th quarter. Northern Trust Corp now owns 94,658 shares of the bank's stock valued at $2,589,000 after acquiring an additional 4,567 shares in the last quarter. Focus Partners Wealth bought a new stake in First Bancorp, Inc (ME) during the 1st quarter valued at $1,500,000. Goldman Sachs Group Inc. boosted its position in First Bancorp, Inc (ME) by 4.5% during the 1st quarter. Goldman Sachs Group Inc. now owns 53,879 shares of the bank's stock valued at $1,332,000 after acquiring an additional 2,306 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its position in shares of First Bancorp, Inc (ME) by 75.0% in the 4th quarter. JPMorgan Chase & Co. now owns 39,121 shares of the bank's stock worth $1,070,000 after purchasing an additional 16,767 shares in the last quarter. Institutional investors own 40.41% of the company's stock.

First Bancorp, Inc (ME) 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.