First Bancorp (FBNC) Stock Forecast, Price & News

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.

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.

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.
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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.

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

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%.

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.

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).

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.

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).

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

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.

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

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.

The company employs 1,244 workers across the globe.

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.