The First Bancorp, Inc. (NASDAQ:FNLC) Director Purchases $39,072.00 in Stock

The First Bancorp, Inc. (NASDAQ:FNLC - Get Free Report) Director Kimberly Swan acquired 1,600 shares of First Bancorp stock in a transaction 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 transaction, the director now directly owns 12,183 shares of the company's stock, valued at $297,508.86. This trade represents a 15.12 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink.

First Bancorp Price Performance

Shares of First Bancorp stock traded up $0.52 during mid-day trading on Friday, reaching $24.89. 10,909 shares of the stock traded hands, compared to its average volume of 18,677. The stock has a market capitalization of $278.67 million, a PE ratio of 10.29 and a beta of 0.48. The business has a 50-day moving average of $24.46 and a 200 day moving average of $26.14. The First Bancorp, Inc. has a fifty-two week low of $22.11 and a fifty-two week high of $31.05. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.37.

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

First Bancorp Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, April 18th. Investors of record on Tuesday, April 8th were given a dividend of $0.36 per share. The ex-dividend date of this dividend was Tuesday, April 8th. This represents a $1.44 dividend on an annualized basis and a yield of 5.79%. First Bancorp's payout ratio is presently 57.37%.

Institutional Investors Weigh In On First Bancorp

A number of large investors have recently made changes to their positions in FNLC. State Street Corp grew its holdings in shares of First Bancorp by 1.0% in the third quarter. State Street Corp now owns 214,144 shares of the bank's stock valued at $5,636,000 after purchasing an additional 2,156 shares during the period. Barclays PLC boosted its holdings in First Bancorp by 80.1% in the 3rd quarter. Barclays PLC now owns 23,135 shares of the bank's stock valued at $608,000 after purchasing an additional 10,288 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of First Bancorp by 0.7% during the 3rd quarter. Geode Capital Management LLC now owns 225,659 shares of the bank's stock worth $5,940,000 after buying an additional 1,599 shares during the last quarter. JPMorgan Chase & Co. raised its position in shares of First Bancorp by 285.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 22,354 shares of the bank's stock valued at $588,000 after buying an additional 16,551 shares during the period. Finally, Bath Savings Trust Co acquired a new position in First Bancorp in the fourth quarter valued at approximately $245,000. 40.41% of the stock is currently owned by hedge funds and other institutional investors.

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.