First Bancorp, Inc (ME) (NASDAQ:FNLC - Get Free Report) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $25.10 and traded as high as $26.51. First Bancorp, Inc (ME) shares last traded at $26.08, with a volume of 30,699 shares trading hands.
First Bancorp, Inc (ME) Stock Performance
The business's fifty day moving average price is $24.60 and its 200-day moving average price is $25.08. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.85 and a current ratio of 0.85. The stock has a market cap of $302.18 million, a PE ratio of 10.75 and a beta of 0.54.
First Bancorp, Inc (ME) (NASDAQ:FNLC - Get Free Report) last announced its quarterly earnings results on Wednesday, April 23rd. The bank reported $0.63 earnings per share (EPS) for the quarter. The firm had revenue of $21.80 million for the quarter. First Bancorp, Inc (ME) had a net margin of 16.60% and a return on equity of 11.09%.
First Bancorp, Inc (ME) Increases Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 18th. Stockholders of record on Tuesday, July 8th will be paid a $0.37 dividend. This represents a $1.48 annualized dividend and a dividend yield of 5.49%. The ex-dividend date is Tuesday, July 8th. 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 57.37%.
Insider Activity at First Bancorp, Inc (ME)
In other news, Director Kimberly Swan bought 1,600 shares of the firm's stock in a transaction on Thursday, April 24th. The shares were bought at an average price of $24.42 per share, for a total transaction of $39,072.00. Following the purchase, the director owned 12,183 shares in the company, valued at approximately $297,508.86. The trade was a 15.12% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Ingrid Wilbur Kachmar bought 4,000 shares of the firm's stock in a transaction on Monday, April 28th. The shares were purchased at an average price of $24.10 per share, for a total transaction of $96,400.00. Following the purchase, the director owned 5,015 shares in the company, valued at $120,861.50. This trade represents a 394.09% increase in their position. The disclosure for this purchase can be found here. 5.09% of the stock is owned by corporate insiders.
Institutional Investors Weigh In On First Bancorp, Inc (ME)
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Naples Global Advisors LLC raised its stake in First Bancorp, Inc (ME) by 2.8% during the 1st quarter. Naples Global Advisors LLC now owns 17,817 shares of the bank's stock worth $440,000 after acquiring an additional 485 shares during the period. Bar Harbor Wealth Management raised its stake in First Bancorp, Inc (ME) by 4.7% during the 1st quarter. Bar Harbor Wealth Management now owns 10,970 shares of the bank's stock worth $271,000 after acquiring an additional 488 shares during the period. Charles Schwab Investment Management Inc. raised its stake in First Bancorp, Inc (ME) by 2.4% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 29,569 shares of the bank's stock worth $731,000 after acquiring an additional 687 shares during the period. Wells Fargo & Company MN raised its stake in First Bancorp, Inc (ME) by 22.0% during the 4th quarter. Wells Fargo & Company MN now owns 7,604 shares of the bank's stock worth $208,000 after acquiring an additional 1,369 shares during the period. Finally, Dimensional Fund Advisors LP raised its stake 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 worth $12,949,000 after acquiring an additional 1,525 shares during the period. Institutional investors own 40.41% of the company's stock.
About First Bancorp, Inc (ME)
(
Get Free Report)
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.
Featured Articles
Before you consider First Bancorp, Inc (ME), you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and First Bancorp, Inc (ME) wasn't on the list.
While First Bancorp, Inc (ME) currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Discover the top 7 AI stocks to invest in right now. This exclusive report highlights the companies leading the AI revolution and shaping the future of technology in 2025.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.