NASDAQ:FBNC

First Bancorp Stock Forecast, Price & News

$36.53

-0.53 (-1.43 %)

(As of 01/15/2021 12:00 AM ET)

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Today's Range

$36.07

Now: $36.53▼

$37.03

50-Day Range

$31.38

MA: $33.98▼

$37.14

52-Week Range

$17.32

Now: $36.53▼

$38.69

Volume87,300 shs

Average Volume155,620 shs

Market Capitalization$1.05 billion

P/E Ratio13.53

Dividend Yield1.97%

Beta1.26

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 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. 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. As of October 26, 2020, it operated 101 branches in North Carolina and South Carolina. The company was founded in 1934 and is headquartered in Southern Pines, North Carolina.

MarketRank^™

Overall MarketRank^™

1.63 out of 5 stars

Finance Sector

529th out of 1,704 stocks

State Commercial Banks Industry

115th out of 273 stocks

1.2 Analyst's Opinion

Consensus Rating
First Bancorp has received a consensus rating of Hold. The company's average rating score is 2.33, and is based on 2 buy ratings, 4 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $33.50, First Bancorp has a forecasted downside of 8.3% from its current price of $36.53.
Amount of Analyst Coverage
First Bancorp has only been the subject of 3 research reports in the past 90 days.

2.4 Community Rank

Outperform Votes
First Bancorp has received 390 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
First Bancorp has received 418 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
First Bancorp has received 51.73% “underperform” votes from our community.

MarketBeat's community ratings are surveys of what our community members think about First Bancorp and other stocks. Vote “Outperform” if you believe FBNC will outperform the S&P 500 over the long term. Vote “Underperform” if you believe FBNC will underperform the S&P 500 over the long term. You may vote once every thirty days.

2.5 Dividend Strength

Dividend Yield
First Bancorp pays a meaningful dividend of 1.97%, higher than the bottom 25% of all stocks that pay dividends.
Dividend Growth
First Bancorp has only been increasing its dividend for 1 years.
Dividend Coverage
The dividend payout ratio of First Bancorp is 23.23%. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based on earnings estimates, First Bancorp will have a dividend payout ratio of 28.46% next year. This indicates that First Bancorp will be able to sustain or increase its dividend.

0.8 Company Ownership

Insider Buying vs. Insider Selling
In the past three months, First Bancorp insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $1,264,548.00 in company stock.
Percentage Held by Insiders
Only 2.37% of the stock of First Bancorp is held by insiders.
Percentage Held by Institutions
62.99% of the stock of First Bancorp is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.3 Earnings and Valuation

Earnings Growth
Earnings for First Bancorp are expected to decrease by -0.78% in the coming year, from $2.55 to $2.53 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of First Bancorp is 13.53, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 24.32.
Price to Earnings Ratio vs. Sector
The P/E ratio of First Bancorp is 13.53, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 22.25.
Price to Earnings Growth Ratio
First Bancorp has a PEG Ratio of 5.33. PEG Ratios above 1 indicate that a company could be overvalued.
Price to Book Value per Share Ratio
First Bancorp has a P/B Ratio of 1.27. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

Industry, Sector and Symbol

Stock Exchange NASDAQ

Industry State commercial banks

Sub-IndustryRegional Banks

SectorFinance

Current SymbolNASDAQ:FBNC

Previous Symbol

CUSIP31891010

CIK811589

Webwww.localfirstbank.com

Phone910-246-2500

Employees1,111

Debt

Debt-to-Equity Ratio0.07

Current Ratio0.86

Quick Ratio0.85

Price-To-Earnings

Trailing P/E Ratio13.53

Forward P/E Ratio14.33

P/E Growth5.33

Sales & Book Value

Annual Sales$308.70 million

Price / Sales3.39

Cash Flow$3.68 per share

Price / Cash Flow9.94

Book Value$28.79 per share

Price / Book1.27

Profitability

EPS (Most Recent Fiscal Year)$3.10

Net Income$92.05 million

Net Margins24.81%

Return on Equity8.36%

Return on Assets1.09%

Miscellaneous

Outstanding Shares28,630,000

Market Cap$1.05 billion

Next Earnings Date1/27/2021 (Estimated)

OptionableOptionable

$36.53

-0.53 (-1.43 %)

(As of 01/15/2021 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 price been impacted by COVID-19 (Coronavirus)?

First Bancorp's stock was trading at $25.70 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization (WHO). Since then, FBNC stock has increased by 42.1% and is now trading at $36.53.
View which stocks have been most impacted by COVID-19.

Is First Bancorp a buy right now?

6 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for First Bancorp in the last twelve months. There are currently 4 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" First Bancorp stock. A hold rating indicates that analysts believe investors should maintain any existing positions they have in FBNC, but not buy additional shares or sell existing shares.
View analyst ratings for First Bancorp or view MarketBeat's top 5 stock picks.

What stocks does MarketBeat like better than First Bancorp?

Wall Street analysts have given First Bancorp a "Hold" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but First Bancorp wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
View MarketBeat's top stock picks here.

When is First Bancorp's next earnings date?

First Bancorp is scheduled to release its next quarterly earnings announcement on Wednesday, January 27th 2021.
View our earnings forecast for First Bancorp.

How were First Bancorp's earnings last quarter?

First Bancorp (NASDAQ:FBNC) announced its quarterly earnings results on Saturday, October, 31st. The financial services provider reported $0.81 earnings per share for the quarter, topping the Zacks' consensus estimate of $0.44 by $0.37. The financial services provider had revenue of $76.19 million for the quarter, compared to analysts' expectations of $67.19 million. First Bancorp had a return on equity of 8.36% and a net margin of 24.81%.
View First Bancorp's earnings history.

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

First Bancorp announced a quarterly dividend on Wednesday, December 16th. Investors of record on Thursday, December 31st will be paid a dividend of $0.18 per share on Monday, January 25th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.97%. The ex-dividend date is Wednesday, December 30th.
View First Bancorp's dividend history.

Is First Bancorp a good dividend stock?

First Bancorp pays an annual dividend of $0.72 per share and currently has a dividend yield of 1.97%. First Bancorp does not yet have a strock track record of dividend growth. The dividend payout ratio of First Bancorp is 23.23%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, First Bancorp will have a dividend payout ratio of 28.46% next year. This indicates that First Bancorp will be able to sustain or increase its dividend.
View First Bancorp's dividend history.

What price target have analysts set for FBNC?

6 Wall Street analysts have issued 1 year target prices for First Bancorp's shares. Their forecasts range from $25.00 to $42.00. On average, they anticipate First Bancorp's stock price to reach $33.50 in the next year. This suggests that the stock has a possible downside of 8.3%.
View analysts' price targets for First Bancorp or view Wall Street analyst' top-rated stocks.

Who are some of First Bancorp's key competitors?

Some companies that are related to First Bancorp include Truist Financial (TFC), The PNC Financial Services Group (PNC), First Republic Bank (FRC), SVB Financial Group (SIVB), Fifth Third Bancorp (FITB), M&T Bank (MTB), KeyCorp (KEY), Regions Financial (RF), Huntington Bancshares (HBAN), East West Bancorp (EWBC), Signature Bank (SBNY), First Horizon (FHN), Commerce Bancshares (CBSH), Zions Bancorporation, National Association (ZION) and Western Alliance Bancorporation (WAL).
View all of FBNC's 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 plc (ABF.L) (ABF), Chaarat Gold Holdings Limited (CGH.L) (CGH), AMC Entertainment (AMC), Apollo Global Management (APO), Ciena (CIEN) and First Data (FDC).

Who are First Bancorp's key executives?

First Bancorp's management team includes the following people:

Mr. Richard Hancock Moore, CEO & Director (Age 60, Pay $542.52k)
Mr. Michael G. Mayer, Pres & Director (Age 60, Pay $690.94k)
Mr. Eric P. Credle, Exec. VP & CFO (Age 53, Pay $452.74k)
Ms. Elizabeth B. Bostian, Exec. VP & Sec.

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 retail and institutional investors. Top institutional shareholders include State of Alaska Department of Revenue (0.08%), Dalton Greiner Hartman Maher & Co. (0.06%), Louisiana State Employees Retirement System (0.05%), Diversified Trust Co (0.03%) and Global Retirement Partners LLC (0.02%). Company insiders that own First Bancorp stock include Dennis A Wicker, Eric P Credle, Frederick Leslie Taylor, James C Crawford III, Mary Clara Capel, Richard H Moore, Suzanne S Deferie, 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 Dalton Greiner Hartman Maher & Co., and Global Retirement Partners LLC.
View insider buying and selling activity for First Bancorp or view top insider-selling stocks.

Which major investors are buying First Bancorp stock?

FBNC stock was bought by a variety of institutional investors in the last quarter, including State of Alaska Department of Revenue, Louisiana State Employees Retirement System, and Diversified Trust Co. Company insiders that have bought First Bancorp stock in the last two years include Eric P Credle, Frederick Leslie Taylor, James C Crawford III, Richard H Moore, and Virginia C Thomasson.
View insider buying and selling activity for First Bancorp or or view top insider-buying stocks.

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 WeBull, 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 $36.53.

How big of a company is First Bancorp?

First Bancorp has a market capitalization of $1.05 billion 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 1/18/2021 by MarketBeat.com Staff

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