Insider Buying: The First Bancorp, Inc. (NASDAQ:FNLC) Director Acquires 1,600 Shares of Stock

The First Bancorp, Inc. (NASDAQ:FNLC - Get Free Report) Director Kimberly Swan bought 1,600 shares of the stock in a transaction that occurred on Thursday, April 24th. The stock was bought at an average cost of $24.42 per share, for a total transaction of $39,072.00. Following the transaction, the director now owns 12,183 shares of the company's stock, valued at $297,508.86. The trade was a 15.12 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

First Bancorp Stock Down 0.0 %

Shares of NASDAQ:FNLC traded down $0.01 during trading on Monday, hitting $23.98. 3,535 shares of the company were exchanged, compared to its average volume of 18,588. The First Bancorp, Inc. has a fifty-two week low of $21.79 and a fifty-two week high of $31.05. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.37. The firm has a fifty day moving average price of $24.58 and a two-hundred day moving average price of $26.21. The stock has a market cap of $268.42 million, a price-to-earnings ratio of 9.91 and a beta of 0.48.

First Bancorp (NASDAQ:FNLC - Get Free Report) last issued its quarterly earnings data on Wednesday, April 23rd. The bank reported $0.63 earnings per share for the quarter. First Bancorp had a net margin of 16.37% and a return on equity of 10.90%. The company had revenue of $21.80 million for the quarter.

First Bancorp Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 18th. Shareholders of record on Tuesday, April 8th were paid a dividend of $0.36 per share. The ex-dividend date was Tuesday, April 8th. This represents a $1.44 dividend on an annualized basis and a yield of 6.01%. First Bancorp's dividend payout ratio (DPR) is presently 57.37%.

Institutional Trading of First Bancorp

Large investors have recently modified their holdings of the stock. SG Americas Securities LLC increased its holdings in First Bancorp by 11.6% in the 4th quarter. SG Americas Securities LLC now owns 4,421 shares of the bank's stock valued at $121,000 after buying an additional 458 shares during the period. GAMMA Investing LLC lifted its position in shares of First Bancorp by 13,325.5% during the 1st quarter. GAMMA Investing LLC now owns 6,847 shares of the bank's stock worth $169,000 after buying an additional 6,796 shares during the last quarter. Wells Fargo & Company MN lifted its holdings in shares of First Bancorp by 22.0% in the fourth 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 last quarter. Bath Savings Trust Co acquired a new stake in shares of First Bancorp in the 4th quarter valued at approximately $245,000. Finally, Trexquant Investment LP acquired a new position in First Bancorp during the 4th quarter worth approximately $266,000. 40.41% of the stock is owned by institutional investors and hedge funds.

First Bancorp 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.

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