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NASDAQ:FBNC

First Bancorp (FBNC) Stock Forecast, Price & News

$27.26
-0.06 (-0.22%)
(As of 09/22/2023 ET)
Compare
Today's Range
$26.96
$27.67
50-Day Range
$27.32
$35.45
52-Week Range
$26.25
$49.00
Volume
147,827 shs
Average Volume
200,907 shs
Market Capitalization
$1.12 billion
P/E Ratio
8.47
Dividend Yield
3.23%
Price Target
$38.67

First Bancorp MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.67 Rating Score
Upside/​Downside
41.8% Upside
$38.67 Price Target
Short Interest
Healthy
2.63% of Shares Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
N/A
News Sentiment
1.12mentions of First Bancorp in the last 14 days
Based on 4 Articles This Week
Insider Trading
Selling Shares
$1.85 M Sold Last Quarter
Proj. Earnings Growth
6.88%
From $2.47 to $2.64 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

3.20 out of 5 stars

Financial Services Sector

2nd out of 44 stocks

Banks—Regional Industry

1st out of 19 stocks


FBNC stock logo

About First Bancorp (NASDAQ:FBNC) Stock

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.

FBNC Price History

FBNC Stock News Headlines

First Bancorp (NASDAQ:FBNC) Raised to "Buy" at DA Davidson
Laser breakthrough could send stock soaring 2,467%
Laser breakthrough could send stock soaring 2,476% Whenever the military develops a breakthrough technology, timely investors could see groundbreaking returns. General Dynamics returned 8,990%... Boeing soared 4,238%... L3Harris shot up 1,628%...
DA Davidson Upgrades First Bancorp (FBNC)
Buy This Stock for AI Tidal Wave (not NVDA)
The internet boom made more millionaires than any tech  - Microsoft’s CEO says AI has even more potential. Here’s the #1 stock to buy.
First BanCorp. Board Approves Stock Repurchase Program
See More Headlines
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FBNC Company Calendar

Ex-Dividend for 7/25 Dividend
6/29/2023
Dividend Payable
7/25/2023
Last Earnings
7/26/2023
Today
9/22/2023
Ex-Dividend for 10/25 Dividend
9/28/2023
Dividend Payable
10/25/2023
Next Earnings (Estimated)
10/25/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
Banks—Regional
Sub-Industry
Regional Banks
Current Symbol
NASDAQ:FBNC
CUSIP
31891010
Employees
1,244
Year Founded
1948

Price Target and Rating

Average Stock Price Forecast
$38.67
High Stock Price Forecast
$43.00
Low Stock Price Forecast
$34.00
Forecasted Upside/Downside
+42.8%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.67
Research Coverage
3 Analysts

Profitability

Net Income
$146.94 million
Pretax Margin
31.95%

Debt

Sales & Book Value

Annual Sales
$408.94 million
Cash Flow
$4.81 per share
Book Value
$28.89 per share

Miscellaneous

Free Float
39,583,000
Market Cap
$1.11 billion
Optionable
Optionable
Beta
1.08

Social Links

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Key Executives

  • Mr. Richard Hancock Moore (Age 62)
    Chairman & CEO
    Comp: $776.62k
  • Mr. Michael G. Mayer (Age 62)
    Pres & Director
    Comp: $1.12M
  • Ms. Elizabeth B. Bostian (Age 42)
    Exec. VP, Gen. Counsel, CFO & Sec.
    Comp: $448.94k
  • Ms. Blaise Buczkowski (Age 59)
    Exec. VP, Chief Admin. Officer & Chief Accounting Officer













FBNC Stock - 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 year. 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 forecast for 2023?

3 analysts have issued twelve-month price targets for First Bancorp's stock. Their FBNC share price forecasts range from $34.00 to $43.00. On average, they expect the company's stock price to reach $38.67 in the next year. This suggests a possible upside of 42.8% 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 on January 1st, 2023. Since then, FBNC shares have decreased by 36.8% and is now trading at $27.07.
View the best growth stocks for 2023 here
.

Are investors shorting First Bancorp?

First Bancorp saw a drop in short interest in the month of August. As of August 31st, there was short interest totaling 1,080,000 shares, a drop of 15.6% from the August 15th total of 1,280,000 shares. Based on an average daily volume of 156,400 shares, the days-to-cover ratio is presently 6.9 days.
View First Bancorp's Short Interest
.

When is First Bancorp's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, October 25th 2023.
View our FBNC earnings forecast
.

How were First Bancorp's earnings last quarter?

First Bancorp (NASDAQ:FBNC) posted its earnings results on Wednesday, July, 26th. The financial services provider reported $0.71 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.74 by $0.03. The financial services provider had revenue of $101.22 million for the quarter, compared to the consensus estimate of $105.50 million. First Bancorp had a net margin of 25.25% and a trailing twelve-month return on equity of 10.49%.

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 given a dividend of $0.22 per share on Wednesday, October 25th. This represents a $0.88 annualized dividend and a dividend yield of 3.25%. The ex-dividend date of this dividend is Thursday, September 28th.
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).

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 3.21%. 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 27.33%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, FBNC will have a dividend payout ratio of 33.33% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for FBNC.

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).

What is First Bancorp's stock symbol?

First Bancorp trades on the NASDAQ under the ticker symbol "FBNC."

Who are First Bancorp's major shareholders?

First Bancorp's stock is owned by a variety of institutional and retail investors. Top institutional investors include BlackRock Inc. (14.55%), Westwood Holdings Group Inc. (4.56%), State Street Corp (4.31%), Dimensional Fund Advisors LP (4.14%), Geode Capital Management LLC (2.06%) and William Blair Investment Management LLC (1.82%). Insiders that own company stock include Carlie C Mclamb Jr, Dexter V Perry, James C Crawford III, 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.

What is First Bancorp's stock price today?

One share of FBNC stock can currently be purchased for approximately $27.07.

How much money does First Bancorp make?

First Bancorp (NASDAQ:FBNC) has a market capitalization of $1.11 billion and generates $408.94 million in revenue each year. The financial services provider earns $146.94 million in net income (profit) each year or $3.22 on an earnings per share basis.

How many employees does First Bancorp have?

The company employs 1,244 workers across the globe.

How can I contact First Bancorp?

First Bancorp's mailing address is 300 SW Broad Street, Southern Pines NC, 28387. The official website for the company is www.localfirstbank.com. The financial services provider can be reached via phone at (910) 246-2500 or via fax at 910-576-0662.

This page (NASDAQ:FBNC) was last updated on 9/22/2023 by MarketBeat.com Staff

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