First Bancorp Stock Forecast, Price & News

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 decreased by 18.1% and is now trading at $21.04.
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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."
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First Bancorp is scheduled to release its next quarterly earnings announcement on Wednesday, October 28th 2020.
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First Bancorp (NASDAQ:FBNC) announced its quarterly earnings results on Thursday, July, 23rd. The financial services provider reported $0.56 EPS for the quarter, topping the Zacks' consensus estimate of $0.16 by $0.40. The financial services provider had revenue of $78.82 million for the quarter, compared to analyst estimates of $67.34 million. First Bancorp had a return on equity of 9.41% and a net margin of 25.52%.
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First Bancorp announced a quarterly dividend on Wednesday, September 16th. Investors 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 dividend yield of 3.42%. The ex-dividend date of this dividend is Tuesday, September 29th.
View First Bancorp's dividend history.

4 brokerages have issued 12 month target prices for First Bancorp's stock. 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 year. This suggests a possible upside of 59.2% from the stock's current price.
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First Bancorp saw a decrease in short interest during the month of August. As of August 31st, there was short interest totaling 388,500 shares, a decrease of 19.9% from the August 15th total of 484,800 shares. Based on an average trading volume of 145,200 shares, the short-interest ratio is presently 2.7 days. Approximately 1.4% of the shares of the stock are sold short.
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Some companies that are related to First Bancorp include Truist Financial (TFC), PNC Financial Services Group (PNC), First Republic Bank (FRC), Fifth Third Bancorp (FITB), M&T Bank (MTB), SVB Financial Group (SIVB), KeyCorp (KEY), Regions Financial (RF), Huntington Bancshares (HBAN), Commerce Bancshares (CBSH), Zions Bancorporation NA (ZION), East West Bancorp (EWBC), Signature Bank (SBNY), Prosperity Bancshares (PB) and Cullen/Frost Bankers (CFR).
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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), First Data (FDC), Apollo Global Management (APO) and China Unicom (Hong Kong) (CHU).

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

First Bancorp's stock is owned by many different 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, 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 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.
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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, Suzanne S Deferie, and Virginia C Thomasson.
View insider buying and selling activity for 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.

One share of FBNC stock can currently be purchased for approximately $21.04.

First Bancorp has a market capitalization of $609.68 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.

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

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.