First Bancorp Stock Price, News & Analysis (NASDAQ:FBNC) $34.13 +0.27 (+0.80%) (As of 12/8/2023 ET) Add Compare Share Share Today's Range$33.51▼$34.4050-Day Range$26.48▼$34.1352-Week Range$26.00▼$46.54Volume129,648 shsAverage Volume133,538 shsMarket Capitalization$1.40 billionP/E Ratio11.81Dividend Yield2.58%Price Target$36.33 Stock AnalysisStock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestSocial MediaStock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestSocial Media First Bancorp MarketRank™ Stock AnalysisAnalyst RatingModerate Buy2.67 Rating ScoreUpside/Downside6.5% Upside$36.33 Price TargetShort InterestHealthy2.24% of Shares Sold ShortDividend StrengthModerateBased on Four FactorsSustainabilityN/ANews SentimentN/AInsider TradingAcquiring Shares$76,497 Bought Last QuarterProj. Earnings Growth-1.52%From $2.64 to $2.60 Per ShareSee Full Details Hide Full Details Overall MarketRank™MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.1.81 out of 5 starsFinance Sector650th out of 871 stocksState Commercial Banks Industry139th out of 182 stocks 1.3 Analyst's Opinion Consensus RatingFirst Bancorp has received a consensus rating of Moderate Buy. The company's average rating score is 2.67, and is based on 2 buy ratings, 1 hold rating, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $36.33, First Bancorp has a forecasted upside of 6.5% from its current price of $34.13.Amount of Analyst CoverageFirst Bancorp has only been the subject of 2 research reports in the past 90 days. Previous Next 3.0 Short Interest Percentage of Shares Shorted2.24% of the outstanding shares of First Bancorp have been sold short.Short Interest Ratio / Days to CoverFirst Bancorp has a short interest ratio ("days to cover") of 6.Change versus previous monthShort interest in First Bancorp has recently decreased by 4.16%, indicating that investor sentiment is improving. Previous Next 2.5 Dividend Strength Dividend YieldFirst Bancorp pays a meaningful dividend of 2.60%, higher than the bottom 25% of all stocks that pay dividends.Dividend GrowthFirst Bancorp has only been increasing its dividend for 2 years.Dividend CoverageThe dividend payout ratio of First Bancorp is 30.45%. This payout ratio is at a healthy, sustainable level, below 75%.Dividend SustainabilityBased on earnings estimates, First Bancorp will have a dividend payout ratio of 33.85% next year. This indicates that First Bancorp will be able to sustain or increase its dividend. Previous Next N/A Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for FBNC. Previous Next 0.9 News and Social Media Coverage News SentimentFirst Bancorp has a news sentiment score of -0.32. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.60 average news sentiment score of Finance companies.News Coverage This WeekMarketBeat has tracked 1 news article for First Bancorp this week, compared to 2 articles on an average week. Previous Next 3.3 Company Ownership Insider Buying vs. Insider SellingIn the past three months, First Bancorp insiders have bought 91.19% more of their company's stock than they have sold. Specifically, they have bought $76,497.00 in company stock and sold $40,012.00 in company stock.Percentage Held by InsidersOnly 3.65% of the stock of First Bancorp is held by insiders.Percentage Held by Institutions66.17% of the stock of First Bancorp is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 1.3 Earnings and Valuation Earnings GrowthEarnings for First Bancorp are expected to decrease by -1.52% in the coming year, from $2.64 to $2.60 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of First Bancorp is 11.81, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 109.66.Price to Earnings Ratio vs. SectorThe P/E ratio of First Bancorp is 11.81, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 44.35.Price to Book Value per Share RatioFirst Bancorp has a P/B Ratio of 1.18. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here About First Bancorp Stock (NASDAQ:FBNC)First Bancorp operates as the bank holding company for First Bank that provides banking products and services for individuals and small to medium-sized businesses. It accepts deposit products, such as checking, savings, and money market accounts, as well as time deposits, including certificate of deposits and individual retirement accounts. The company also offers loans for a range of consumer and commercial purposes comprising loans for business, real estate, personal, home improvement, and automobiles, as well as residential mortgages and small business administration loans; and accounts receivable financing and factoring, inventory financing, and purchase order financing services. In addition, it provides credit and debit cards, letter of credits, and safe deposit box rental services, as well as electronic funds transfer services consisting of wire transfers; and internet and mobile banking, cash management, bank-by-phone services, and remote deposit capture services. Further, the company offers investment and insurance products, such as mutual funds, annuities, long-term care insurance, life insurance, and company retirement plans, as well as property and casualty insurance products; and financial planning services. First Bancorp was founded in 1934 and is headquartered in Southern Pines, North Carolina.Read More FBNC Stock Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart FBNC Stock News HeadlinesNovember 21, 2023 | bizjournals.comFirst Bank's new president hails Raleigh market as 'big part of our future'November 16, 2023 | news.yahoo.comHarrisburg Senators and First National Bank partner to renovate Cedar Cliff Youth Softball fieldDecember 9, 2023 | DTI Trader (Ad)New CBOE “special perk” helps traders target income every weekendYou might not immediately realize what you’re reading. Let me help you out a little… What you're looking at is a “special perk” set up by the Chicago Board of Options Exchange. November 8, 2023 | finance.yahoo.comFIRST BANK HOSTING BANK-WIDE FOOD DRIVE IN NOVEMBER 2023November 6, 2023 | bizjournals.comDrowning in bondsNovember 1, 2023 | investing.comFDIC suspends Republic First Bancorp's auction process - Bloomberg NewsNovember 1, 2023 | morningstar.comFirst Bancorp FBNCOctober 28, 2023 | wsj.comPhiladelphia Lender Agrees to Rescue Deal After Stock PlummetsDecember 9, 2023 | DTI Trader (Ad)New CBOE “special perk” helps traders target income every weekendYou might not immediately realize what you’re reading. Let me help you out a little… What you're looking at is a “special perk” set up by the Chicago Board of Options Exchange. October 27, 2023 | bizjournals.comFirst Citizens rides tailwinds, stock surge from Silicon Valley Bank dealOctober 25, 2023 | msn.comFirst Bancorp (FBNC) Tops Q3 Earnings EstimatesOctober 25, 2023 | finance.yahoo.comFirst Bancorp (FBNC) Reports Q3 2023 EarningsOctober 21, 2023 | finance.yahoo.comWith 69% ownership of the shares, First Bancorp (NASDAQ:FBNC) is heavily dominated by institutional ownersOctober 20, 2023 | gurufocus.comFirst Bancorp Inc (FNLC) Announces Q3 Earnings: Net Income Rises to $7.5 MillionSeptember 27, 2023 | bizjournals.comEmployees at closed First Republic branches still have a job (for six months)September 20, 2023 | cnbc.comJPMorgan says shares of this bank are headed to $1,850 as it benefits from SVB's demiseSeptember 14, 2023 | msn.comDA Davidson Upgrades First Bancorp (FBNC)September 13, 2023 | msn.comFirst Interstate Bank employees volunteer at local non-profitsSeptember 8, 2023 | bloomberg.comFDIC Says It Should Have Done More to Supervise First Republic BankSeptember 8, 2023 | money.usnews.comFDIC Publishes Post-Mortem of Its Supervision of Failed First Republic BankSeptember 7, 2023 | bizjournals.comWhat Jacksonville businesses should know about First Citizens BankSeptember 1, 2023 | benzinga.comFirst Bancorp Board Member Trades $1.23M In Company StockAugust 29, 2023 | bizjournals.comHow First Carolina Bank plans to swell deposits by $700MAugust 21, 2023 | bizjournals.comFirst Option Bank builds its presence in the southwestern metro area to tap JoCo growthAugust 13, 2023 | seekingalpha.comFirst Bancorp: Earnings Dip Likely Due To Margin PressureAugust 9, 2023 | finance.yahoo.comFirst Bank and ampliFI Loyalty Solutions Join Together to Launch Loyalty PartnershipAugust 1, 2023 | finance.yahoo.comFIRST BANK'S OUT OF THIS WORLD EDUCATOR AWARDS IS BACK - NOMINATIONS OPENSee More Headlines Receive FBNC Stock News and Ratings via Email Sign-up to receive the latest news and ratings for First Bancorp and its competitors with MarketBeat's FREE daily newsletter. Email Address Company Calendar Ex-Dividend for 10/25 Dividend9/28/2023Last Earnings10/25/2023Dividend Payable10/25/2023Today12/08/2023Fiscal Year End12/31/2023Next Earnings (Estimated)1/23/2024Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNASDAQ Industry State commercial banks Sub-IndustryRegional Banks SectorFinance Current SymbolNASDAQ:FBNC CUSIP31891010 CIK811589 Webwww.localfirstbank.com Phone(910) 246-2500Fax910-576-0662Employees1,294Year Founded1948Price Target and Rating Average Stock Price Target$36.33 High Stock Price Target$43.00 Low Stock Price Target$32.00 Potential Upside/Downside+6.5%Consensus RatingModerate Buy Rating Score (0-4)2.67 Research Coverage3 Analysts Profitability EPS (Most Recent Fiscal Year)$2.89 Trailing P/E Ratio11.81 Forward P/E Ratio12.93 P/E GrowthN/ANet Income$146.94 million Net Margins22.01% Pretax Margin27.80% Return on Equity9.24% Return on Assets0.96% Debt Debt-to-Equity Ratio0.32 Current Ratio0.80 Quick Ratio0.80 Sales & Book Value Annual Sales$406.05 million Price / Sales3.45 Cash Flow$5.06 per share Price / Cash Flow6.75 Book Value$28.89 per share Price / Book1.18Miscellaneous Outstanding Shares41,091,000Free Float40,310,000Market Cap$1.40 billion OptionableOptionable Beta1.05 Social Links 10 Best Stocks to Own in 2024Click the link below and we'll send you MarketBeat's list of the 10 best stocks to own in 2024 and why they should be in your portfolio. Get This Free Report Key ExecutivesMr. Richard Hancock Moore (Age 62)Chairman & CEO Comp: $776.62kMr. Michael G. Mayer (Age 62)President & Director Comp: $1.12MMs. Elizabeth B. Bostian (Age 43)Executive VP, General Counsel, CFO & Secretary Comp: $448.94kMs. Blaise Buczkowski (Age 59)Executive VP, Chief Administrative Officer & Chief Accounting Officer Key CompetitorsStock Yards BancorpNASDAQ:SYBTHeartland Financial USANASDAQ:HTLFFirst BuseyNASDAQ:BUSETriCo BancsharesNASDAQ:TCBK1st SourceNASDAQ:SRCEView All CompetitorsInsiders & InstitutionsCitigroup Inc.Sold 27,048 shares on 12/6/2023Ownership: 0.075%J Randolph PotterSold 1,221 sharesTotal: $40,012.17 ($32.77/share)American Century Companies Inc.Bought 7,490 shares on 11/30/2023Ownership: 0.242%Deutsche Bank AGBought 1,992 shares on 11/24/2023Ownership: 0.049%Public Sector Pension Investment BoardSold 21,983 shares on 11/22/2023Ownership: 0.124%View All Insider TransactionsView All Institutional Transactions FBNC Stock Analysis - Frequently Asked Questions Should I buy or sell First Bancorp stock right now? 3 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for First Bancorp in the last twelve months. There are currently 1 hold rating and 2 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" FBNC shares. View FBNC analyst ratings or view top-rated stocks. What is First Bancorp's stock price target for 2024? 3 brokerages have issued 12 month target prices for First Bancorp's stock. Their FBNC share price targets range from $32.00 to $43.00. On average, they predict the company's share price to reach $36.33 in the next twelve months. This suggests a possible upside of 6.5% from the stock's current price. View analysts price targets for FBNC or view top-rated stocks among Wall Street analysts. How have FBNC shares performed in 2023? First Bancorp's stock was trading at $42.84 at the start of the year. Since then, FBNC stock has decreased by 20.3% and is now trading at $34.13. View the best growth stocks for 2023 here. When is First Bancorp's next earnings date? The company is scheduled to release its next quarterly earnings announcement on Tuesday, January 23rd 2024. View our FBNC earnings forecast. How were First Bancorp's earnings last quarter? First Bancorp (NASDAQ:FBNC) posted its quarterly earnings data on Wednesday, October, 25th. The financial services provider reported $0.73 earnings per share for the quarter, beating the consensus estimate of $0.67 by $0.06. The financial services provider earned $99.88 million during the quarter, compared to analyst estimates of $100.09 million. First Bancorp had a trailing twelve-month return on equity of 9.24% and a net margin of 22.01%. How often does First Bancorp pay dividends? What is the dividend yield for First Bancorp? First Bancorp declared a quarterly dividend on Friday, September 15th. Stockholders of record on Saturday, September 30th will be paid a dividend of $0.22 per share on Wednesday, October 25th. This represents a $0.88 dividend on an annualized basis and a yield of 2.58%. The ex-dividend date is Thursday, September 28th. Read our dividend analysis for FBNC. Is First Bancorp a good dividend stock? First Bancorp (NASDAQ:FBNC) pays an annual dividend of $0.88 per share and currently has a dividend yield of 2.60%. The company has been increasing its dividend for 2 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 30.45%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, FBNC will have a dividend payout ratio of 33.85% next year. This indicates that the company will be able to sustain or increase its dividend. Read our dividend analysis for FBNC. What ETFs hold First Bancorp's stock? ETFs with the largest weight of First Bancorp (NASDAQ:FBNC) stock in their portfolio include Invesco S&P SmallCap Low Volatility ETF (XSLV).First Trust NASDAQ ABA Community Bank Index Fund (QABA). What other stocks do shareholders of First Bancorp own? Based on aggregate information from My MarketBeat watchlists, some companies that other First Bancorp investors own include Hawkins (HWKN), Intelsat (I), Fossil Group (FOSL), Bank of America (BAC), Associated British Foods (ABF), Chaarat Gold (CGH), AMC Entertainment (AMC), Apollo Global Management (APO), Ciena (CIEN) and First Data (FDC). Who are First Bancorp's major shareholders? First Bancorp's stock is owned by a number of institutional and retail investors. Top institutional investors include William Blair Investment Management LLC (1.69%), Bank of New York Mellon Corp (1.39%), Victory Capital Management Inc. (1.32%), Jennison Associates LLC (1.25%), Brown Advisory Inc. (1.17%) and Northern Trust Corp (1.11%). Insiders that own company stock include Carlie C Mclamb Jr, Dexter V Perry, Elizabeth B Bostian, J Randolph Potter, Mary Clara Capel, Mason Y Garrett, Michael Goodwin Mayer, Richard H Moore and Suzanne S Deferie. View institutional ownership trends. How do I buy shares of First Bancorp? Shares of FBNC stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab. Compare Top Brokerages Here. This page (NASDAQ:FBNC) was last updated on 12/9/2023 by MarketBeat.com Staff Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Adding First Bancorp Please log in to your account or sign up in order to add this asset to your watchlist. Get 30 Days of MarketBeat All Access Free Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. 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