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NASDAQ:FBNC

First Bancorp Stock Forecast, Price & News

$21.22
+0.18 (+0.86 %)
(As of 09/18/2020 12:00 AM ET)
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Today's Range
$20.82
Now: $21.22
$21.39
50-Day Range
$20.36
MA: $21.16
$22.97
52-Week Range
$17.32
Now: $21.22
$41.34
Volume356,222 shs
Average Volume123,559 shs
Market Capitalization$614.89 million
P/E Ratio7.77
Dividend Yield3.42%
Beta1.18
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 primarily in North Carolina and northeastern South Carolina. It accepts deposit products, such as checking, savings, and money market accounts, as well as time deposits, including certificates of deposit 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 SBA loans. In addition, it provides credit and debit cards, letters of credit, 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. As of December 31, 2018, it operated 101 branches, including 95 branches in North Carolina and 6 branches in South Carolina. The company was founded in 1934 and is headquartered in Southern Pines, North Carolina.
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First Bancorp logo

Beat the Market (BTM) Rank

Analyst Opinion: 3.4Community Rank: 2.4Dividend Strength: 2.5Insider Behavior: 1.0Valuation: 1.9 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

2.23 out of 5 stars


Industry, Sector and Symbol

Industry State commercial banks
Sub-IndustryRegional Banks
SectorFinance
Current SymbolNASDAQ:FBNC
CUSIP31891010
Phone910-246-2500

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$308.70 million
Cash Flow$3.82 per share
Book Value$28.79 per share

Profitability

Net Income$92.05 million

Miscellaneous

Employees1,111
Market Cap$614.89 million
Next Earnings Date10/28/2020 (Estimated)
OptionableOptionable
$21.22
+0.18 (+0.86 %)
(As of 09/18/2020 12:00 AM ET)
30 days | 90 days | 365 days | Advanced Chart

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First Bancorp (NASDAQ:FBNC) Frequently Asked Questions

How has First Bancorp's stock been impacted by COVID-19?

First Bancorp's stock was trading at $25.70 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, FBNC stock has decreased by 17.4% and is now trading at $21.22.
View which stocks have been most impacted by COVID-19
.

Do Wall Street analysts recommend investors buy shares of First Bancorp?

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for First Bancorp in the last year. There are currently 1 hold rating and 3 buy ratings for the stock, resulting in a consensus recommendation of "Buy."
View analyst ratings for First Bancorp
.

When is First Bancorp's next earnings date?

First Bancorp is scheduled to release its next quarterly earnings announcement on Wednesday, October 28th 2020.
View our earnings forecast for First Bancorp
.

How were First Bancorp's earnings last quarter?

First Bancorp (NASDAQ:FBNC) posted its quarterly earnings results on Thursday, July, 23rd. The financial services provider reported $0.56 EPS for the quarter, topping analysts' consensus estimates of $0.16 by $0.40. The financial services provider earned $78.82 million during the quarter, compared to the consensus estimate of $67.34 million. First Bancorp had a return on equity of 9.41% and a net margin of 25.52%.
View First Bancorp's earnings history
.

How often does First Bancorp pay dividends? What is the dividend yield for First Bancorp?

First Bancorp declared a quarterly dividend on Wednesday, September 16th. Shareholders of record on Wednesday, September 30th will be paid a dividend of $0.18 per share on Friday, October 23rd. This represents a $0.72 dividend on an annualized basis and a yield of 3.39%. The ex-dividend date is Tuesday, September 29th.
View First Bancorp's dividend history
.

What price target have analysts set for FBNC?

4 Wall Street analysts have issued twelve-month target prices for First Bancorp's shares. Their forecasts range from $25.00 to $42.00. On average, they anticipate First Bancorp's share price to reach $33.50 in the next twelve months. This suggests a possible upside of 57.9% from the stock's current price.
View analysts' price targets for First Bancorp
.

Are investors shorting First Bancorp?

First Bancorp saw a drop in short interest in August. As of August 31st, there was short interest totaling 388,500 shares, a drop of 19.9% from the August 15th total of 484,800 shares. Based on an average trading volume of 145,200 shares, the days-to-cover ratio is presently 2.7 days. Currently, 1.4% of the company's shares are short sold.
View First Bancorp's Short Interest
.

Who are some of First Bancorp's key competitors?

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), First Data (FDC), Apollo Global Management (APO) and China Unicom (Hong Kong) (CHU).

Who are First Bancorp's key executives?

First Bancorp's management team includes the following people:
  • Mr. Richard Hancock Moore, CEO & Director (Age 58)
  • Mr. Michael G. Mayer, Pres & Director (Age 58)
  • Mr. Eric P. Credle, Exec. VP & CFO (Age 51)
  • Ms. Elizabeth B. Bostian, Exec. VP & Sec.
  • Ms. Elsie M. Alvarez, Sr. VP of First Bank

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 number of institutional and retail investors. Top institutional investors include Vanguard Group Inc. (5.08%), Macquarie Group Ltd. (4.44%), Jennison Associates LLC (2.57%), Bank of New York Mellon Corp (1.71%), Federated Hermes Inc. (1.35%) and Victory Capital Management Inc. (1.26%). Company insiders that own First Bancorp stock include Dennis A Wicker, Eric P Credle, Frederick Leslie Taylor, Mary Clara Capel, Richard H Moore, Thomas F Phillips and Virginia C Thomasson.
View institutional ownership trends for First Bancorp
.

Which major investors are selling First Bancorp stock?

FBNC stock was sold by a variety of institutional investors in the last quarter, including Mendon Capital Advisors Corp, DWM Financial Group Inc., Victory Capital Management Inc., Vanguard Group Inc., Castine Capital Management LLC, Nuveen Asset Management LLC, Envestnet Asset Management Inc., and Jennison Associates LLC. Company insiders that have sold First Bancorp company stock in the last year include Dennis A Wicker, Mary Clara Capel, and Thomas F Phillips.
View insider buying and selling activity for First Bancorp
.

Which major investors are buying First Bancorp stock?

FBNC stock was bought by a variety of institutional investors in the last quarter, including EJF Capital LLC, Macquarie Group Ltd., Russell Investments Group Ltd., Bank of New York Mellon Corp, Goldman Sachs Group Inc., Bank of America Corp DE, Peregrine Capital Management LLC, and Wesbanco Bank Inc.. Company insiders that have bought First Bancorp stock in the last two years include Eric P Credle, Frederick Leslie Taylor, Richard H Moore, and Virginia C Thomasson.
View insider buying and selling activity for First Bancorp
.

How do I buy shares of First Bancorp?

Shares of FBNC can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

What is First Bancorp's stock price today?

One share of FBNC stock can currently be purchased for approximately $21.22.

How big of a company is First Bancorp?

First Bancorp has a market capitalization of $614.89 million and generates $308.70 million in revenue each year. The financial services provider earns $92.05 million in net income (profit) each year or $3.10 on an earnings per share basis. First Bancorp employs 1,111 workers across the globe.

What is First Bancorp's official website?

The official website for First Bancorp is www.localfirstbank.com.

How can I contact First Bancorp?

First Bancorp's mailing address is 300 SW Broad Street, Southern Pines NC, 28387. The financial services provider can be reached via phone at 910-246-2500.

This page was last updated on 9/20/2020 by MarketBeat.com Staff

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