NASDAQ:FBNC First Bancorp (FBNC) Stock Forecast, Price & News $28.14 +0.15 (+0.54%) (As of 09/29/2023 ET) Add Compare Share Share Today's Range$27.92▼$28.7250-Day Range$27.26▼$35.4552-Week Range$26.25▼$49.00Volume276,919 shsAverage Volume201,025 shsMarket Capitalization$1.16 billionP/E Ratio8.74Dividend Yield3.13%Price Target$38.67 ProfileProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial Media First Bancorp MarketRank™ ForecastAnalyst RatingModerate Buy2.67 Rating ScoreUpside/Downside37.4% Upside$38.67 Price TargetShort InterestBearish2.70% of Shares Sold ShortDividend StrengthModerateBased on Four FactorsSustainabilityN/ANews Sentiment1.23Based on 9 Articles This WeekInsider TradingSelling Shares$1.85 M Sold Last QuarterProj. Earnings Growth6.88%From $2.47 to $2.64 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.2.92 out of 5 starsFinance Sector117th out of 871 stocksState Commercial Banks Industry31st out of 182 stocks 3.3 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 $38.67, First Bancorp has a forecasted upside of 37.4% from its current price of $28.14.Amount of Analyst CoverageFirst Bancorp has only been the subject of 2 research reports in the past 90 days. Previous Next 2.0 Short Interest Percentage of Shares Shorted2.70% 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 7.3.Change versus previous monthShort interest in First Bancorp has recently increased by 2.78%, indicating that investor sentiment is decreasing. Previous Next 2.5 Dividend Strength Dividend YieldFirst Bancorp pays a meaningful dividend of 3.14%, 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 27.33%. 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 33.33% 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 3.5 News and Social Media Coverage News SentimentFirst Bancorp has a news sentiment score of 1.23. 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 higher news sentiment than the 0.70 average news sentiment score of Finance companies.News Coverage This WeekMarketBeat has tracked 9 news articles for First Bancorp this week, compared to 2 articles on an average week.MarketBeat Follows1 people have added First Bancorp to their MarketBeat watchlist in the last 30 days. Previous Next 3.3 Company Ownership Insider Buying vs. Insider SellingIn the past three months, First Bancorp insiders have sold 2,324.10% more of their company's stock than they have bought. Specifically, they have bought $76,497.00 in company stock and sold $1,854,361.00 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 2.5 Earnings and Valuation Earnings GrowthEarnings for First Bancorp are expected to grow by 6.88% in the coming year, from $2.47 to $2.64 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of First Bancorp is 8.74, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 119.35.Price to Earnings Ratio vs. SectorThe P/E ratio of First Bancorp is 8.74, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 73.85.Price to Book Value per Share RatioFirst Bancorp has a P/B Ratio of 0.97. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here About First Bancorp (NASDAQ:FBNC) StockFirst 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 Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart FBNC Stock News HeadlinesSeptember 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 29, 2023 | Chaikin Analytics (Ad)His system isolated NVIDIA - Here's His Next Buy.Most investors don't know the truth about A.I. 50-year Wall Street Insider Marc Chaikin reveals what you should be doing to profit. Learn more here.September 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 29, 2023 | Chaikin Analytics (Ad)His system isolated NVIDIA - Here's His Next Buy.Most investors don't know the truth about A.I. 50-year Wall Street Insider Marc Chaikin reveals what you should be doing to profit. Learn more here.September 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 OPENJuly 31, 2023 | msn.comRaymond James Downgrades First Bancorp (FBNC)July 31, 2023 | finance.yahoo.comInvestors in First Bancorp (NASDAQ:FBNC) have seen decent returns of 78% over the past three yearsJuly 27, 2023 | msn.comCompared to Estimates, First Bancorp (FBNC) Q2 Earnings: A Look at Key MetricsJuly 26, 2023 | msn.comFirst Bancorp (FBNC) Lags Q2 Earnings and Revenue EstimatesJuly 24, 2023 | bizjournals.comBank of Marin’s results show how banks are rebuilding deposits after industry crisisJuly 24, 2023 | markets.businessinsider.comFirst BanCorp. Board Approves Stock Repurchase ProgramJuly 18, 2023 | bizjournals.comBlack-owned First Independence Bank draws $3.2M in deposits from statewide campaignJuly 17, 2023 | bizjournals.comRepublic First Bancorp terminates planned $125M capital raiseJuly 11, 2023 | yahoo.comThe First Bank of the United States Will Reopen With a Museum Following a $22 Million MakeoverJuly 11, 2023 | msn.comLandmark First Bank building in Philadelphia to be renovated and will become a museumJuly 10, 2023 | msn.comFirst Financial gains after Piper Sandler upgrades on solid fundamentalsJuly 10, 2023 | msn.comHamilton fans rejoice: The national bank he conceived will become a museum in PhiladelphiaSee 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 FBNC Company Calendar Ex-Dividend for 7/25 Dividend6/29/2023Dividend Payable7/25/2023Last Earnings7/26/2023Ex-Dividend for 10/25 Dividend9/28/2023Today9/29/2023Dividend Payable10/25/2023Next Earnings (Estimated)10/25/2023Fiscal Year End12/31/2023Get 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 Forecast$38.67 High Stock Price Forecast$43.00 Low Stock Price Forecast$34.00 Forecasted Upside/Downside+37.1%Consensus RatingModerate Buy Rating Score (0-4)2.67 Research Coverage3 Analysts Profitability EPS (Most Recent Fiscal Year)$3.22 Trailing P/E Ratio8.76 Forward P/E Ratio11.42 P/E GrowthN/ANet Income$146.94 million Net Margins25.25% Pretax Margin31.95% Return on Equity10.49% Return on Assets1.06% Debt Debt-to-Equity Ratio0.37 Current Ratio0.80 Quick Ratio0.80 Sales & Book Value Annual Sales$408.94 million Price / Sales2.83 Cash Flow$4.90 per share Price / Cash Flow5.76 Book Value$28.89 per share Price / Book0.98Miscellaneous Outstanding Shares41,080,000Free Float39,583,000Market Cap$1.16 billion OptionableOptionable Beta1.08 Social Links Metaverse Stocks And Why You Can't Ignore ThemThinking about investing in Meta, Roblox, or Unity? Click the link to learn what streetwise investors need to know about the metaverse and public markets before making an investment.Get This Free Report Key ExecutivesMr. Richard Hancock Moore (Age 62)Chairman & CEO Comp: $776.62kMr. Michael G. Mayer (Age 62)Pres & Director Comp: $1.12MMs. Elizabeth B. Bostian (Age 42)Exec. VP, Gen. Counsel, CFO & Sec. Comp: $448.94kMs. Blaise Buczkowski (Age 59)Exec. VP, Chief Admin. Officer & Chief Accounting Officer Key CompetitorsStock Yards BancorpNASDAQ:SYBTLakeland FinancialNASDAQ:LKFNFirst BuseyNASDAQ:BUSETriCo BancsharesNASDAQ:TCBKHeartland Financial USANASDAQ:HTLFView All CompetitorsInsiders & InstitutionsElizabeth B BostianBought 356 shares on 9/27/2023Total: $9,985.80 ($28.05/share)Richard H MooreBought 1,000 shares on 9/25/2023Total: $27,510.00 ($27.51/share)Michael Goodwin MayerBought 500 shares on 9/22/2023Total: $13,480.00 ($26.96/share)Carlie C Mclamb JrBought 940 shares on 9/22/2023Total: $25,521.00 ($27.15/share)Mary Clara CapelSold 903 sharesTotal: $25,256.91 ($27.97/share)View All Insider TransactionsView All Institutional Transactions FBNC Stock - Frequently Asked Questions Should I buy or sell First Bancorp stock right now? 3 Wall Street 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 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 Wall Street research analysts have issued 1 year price targets for First Bancorp's stock. Their FBNC share price forecasts range from $34.00 to $43.00. On average, they predict the company's stock price to reach $38.67 in the next twelve months. This suggests a possible upside of 37.1% 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 stock has decreased by 34.2% and is now trading at $28.21. 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 Wednesday, October 25th 2023. View our FBNC earnings forecast. How were First Bancorp's earnings last quarter? First Bancorp (NASDAQ:FBNC) announced its quarterly earnings data on Wednesday, July, 26th. The financial services provider reported $0.71 EPS for the quarter, missing the consensus estimate of $0.74 by $0.03. The financial services provider earned $101.22 million during the quarter, compared to the consensus estimate of $105.50 million. First Bancorp had a trailing twelve-month return on equity of 10.49% and a net margin of 25.25%. 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. Investors 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 annualized dividend and a dividend yield of 3.12%. The ex-dividend date 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 3.14%. 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." 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 $28.21. How much money does First Bancorp make? First Bancorp (NASDAQ:FBNC) has a market capitalization of $1.16 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 1,294 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 9/29/2023 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. 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