First Bancorp Stock Forecast, Price & News

2 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 1 buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" First Bancorp stock.
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2 Wall Street research analysts have issued 1-year price targets for First Bancorp's stock. Their FBNC stock forecasts range from $40.00 to $52.00. On average, they anticipate First Bancorp's stock price to reach $46.00 in the next year. This suggests a possible upside of 31.8% from the stock's current price.
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First Bancorp's stock was trading at $46.29 at the beginning of 2022. Since then, FBNC stock has decreased by 24.6% and is now trading at $34.89.
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First Bancorp is scheduled to release its next quarterly earnings announcement on Tuesday, July 26th 2022.
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First Bancorp (NASDAQ:FBNC) released its quarterly earnings data on Wednesday, April, 27th. The financial services provider reported $0.95 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.96 by $0.01. The financial services provider had revenue of $96.13 million for the quarter, compared to analyst estimates of $92 million. First Bancorp had a trailing twelve-month return on equity of 10.92% and a net margin of 29.04%.
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First Bancorp declared a quarterly dividend on Wednesday, June 15th. Investors of record on Thursday, June 30th will be paid a dividend of $0.22 per share on Monday, July 25th. This represents a $0.88 annualized dividend and a dividend yield of 2.52%. The ex-dividend date is Wednesday, June 29th.
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First Bancorp(NASDAQ:FBNC) pays an annual dividend of $0.88 per share and currently has a dividend yield of 2.53%. First Bancorp 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 of First Bancorp is 27.08%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, First Bancorp will have a dividend payout ratio of 20.61% next year. This indicates that First Bancorp will be able to sustain or increase its dividend.
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Some companies that are related to First Bancorp include The PNC Financial Services Group (PNC), Truist Financial (TFC), M&T Bank (MTB), First Republic Bank (FRC), SVB Financial Group (SIVB), Fifth Third Bancorp (FITB), Regions Financial (RF), Huntington Bancshares (HBAN), KeyCorp (KEY), First Horizon (FHN), Signature Bank (SBNY), First Citizens BancShares (FCNCA), East West Bancorp (EWBC), Zions Bancorporation, National Association (ZION) and Western Alliance Bancorporation (WAL).
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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. (14.74%), Vanguard Group Inc. (6.53%), State Street Corp (4.34%), Dimensional Fund Advisors LP (3.97%), Jennison Associates LLC (2.75%) and Bank of New York Mellon Corp (2.29%). Company insiders that own First Bancorp stock include Carlie C Mclamb Jr, Dennis A Wicker, Dexter V Perry, Eric P Credle, Frederick Leslie Taylor, James C Crawford III, Mary Clara Capel, Michael Goodwin Mayer, Richard H Moore, Suzanne S Deferie, Thomas F Phillips and Virginia C Thomasson.
View institutional ownership trends for First Bancorp.

FBNC stock was sold by a variety of institutional investors in the last quarter, including Wellington Management Group LLP, Hsbc Holdings PLC, Panagora Asset Management Inc., Bank of America Corp DE, Northern Trust Corp, Truist Financial Corp, UBS Group AG, and William Blair Investment Management LLC. Company insiders that have sold First Bancorp company stock in the last two years include Mary Clara Capel, Michael Goodwin Mayer, Richard H Moore, and Suzanne S Deferie.
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FBNC stock was acquired by a variety of institutional investors in the last quarter, including BlackRock Inc., Nordea Investment Management AB, Brown Advisory Inc., Renaissance Technologies LLC, Dimensional Fund Advisors LP, Jennison Associates LLC, Beacon Pointe Advisors LLC, and Toronto Dominion Bank. Company insiders that have bought First Bancorp stock in the last two years include Carlie C Mclamb Jr, Dexter V Perry, James C Crawford III, and Richard H Moore.
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Shares of FBNC 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 $34.89.

First Bancorp (NASDAQ:FBNC) has a market capitalization of $1.24 billion and generates $329.53 million in revenue each year. The financial services provider earns $95.64 million in net income (profit) each year or $3.25 on an earnings per share basis.

First Bancorp employs 1,234 workers across the globe.

First Bancorp was founded in 1948.

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