NASDAQ:FBNCFirst Bancorp Stock Price, Forecast & News

$25.42

-0.30 (-1.17 %)

(As of 05/29/2020 04:00 PM ET)

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Today's Range

$24.74

Now: $25.42▼

$25.81

50-Day Range

$20.52

MA: $23.65▼

$28.75

52-Week Range

$17.32

Now: $25.42▼

$41.34

Volume113,586 shs

Average Volume86,507 shs

Market Capitalization$738.20 million

P/E Ratio8.56

Dividend Yield2.83%

Beta1.31

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.

Beat the Market (BTM) Rank^™

3.5 Analyst's Opinion

Consensus Rating
First Bancorp has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 3 buy ratings, no hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $42.00, First Bancorp has a potential upside of 65.2% from its current price of $25.42.
Amount of Analyst Coverage
First Bancorp has only been the subject of 1 research reports in the past 90 days.

2.5 Community Rank

Outperform Votes
First Bancorp has received 389 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
First Bancorp has received 396 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
First Bancorp has received 50.45% “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.

3.3 Dividend Strength

Dividend Leadership
First Bancorp is a leading dividend payer. It pays a dividend yield of 2.83%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
First Bancorp has only been increasing its dividend for 2 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 31.86 % next year. This indicates that First Bancorp will be able to sustain or increase its dividend.

4.0 Company Ownership

Insider Buying vs. Insider Selling
In the past three months, First Bancorp insiders have bought more of their company's stock than they have sold. Specifically, they have bought $160,025.00 in company stock and sold $0.00 in company stock.
Percentage Held by Insiders
Only 2.37% of the stock of First Bancorp is held by insiders.
Percentage Held by Institutions
67.75% of the stock of First Bancorp is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

2.5 Earnings and Valuation

Earnings Growth
Earnings for First Bancorp are expected to grow by 3.20% in the coming year, from $2.19 to $2.26 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of First Bancorp is 8.56, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 15.30.
Price to Earnings Ratio vs. Sector
The P/E ratio of First Bancorp is 8.56, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 18.93.
Price to Earnings Growth Ratio
First Bancorp has a PEG Ratio of 2.98. 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 0.86. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Overall Beat the Market Rank^™

3.17 out of 5 stars

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

Debt

Debt-to-Equity Ratio0.47

Current Ratio0.98

Quick Ratio0.97

Price-To-Earnings

Trailing P/E Ratio8.56

Forward P/E Ratio11.61

P/E Growth2.98

Sales & Book Value

Annual Sales$308.70 million

Price / Sales2.39

Cash Flow$3.67 per share

Price / Cash Flow6.93

Book Value$29.69 per share

Price / Book0.86

Profitability

EPS (Most Recent Fiscal Year)$3.10

Net Income$92.05 million

Net Margins28.34%

Return on Equity10.45%

Return on Assets1.43%

Miscellaneous

Employees1,111

Outstanding Shares29,040,000

Market Cap$738.20 million

Next Earnings Date7/22/2020 (Estimated)

OptionableOptionable

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First Bancorp (NASDAQ:FBNC) Frequently Asked Questions

How has First Bancorp's stock 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. Since then, FBNC shares have decreased by 1.1% and is now trading at $25.42. View which stocks have been most impacted by Coronavirus.

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

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for First Bancorp in the last year. There are currently 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, July 22nd 2020. View our earnings forecast for First Bancorp.

How were First Bancorp's earnings last quarter?

First Bancorp (NASDAQ:FBNC) released its earnings results on Tuesday, April, 28th. The financial services provider reported $0.62 earnings per share for the quarter, topping analysts' consensus estimates of $0.56 by $0.06. The financial services provider earned $68.46 million during the quarter, compared to analysts' expectations of $68.23 million. First Bancorp had a return on equity of 10.45% and a net margin of 28.34%. 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 Friday, March 13th. Stockholders of record on Tuesday, March 31st will be paid a dividend of $0.18 per share on Friday, April 24th. This represents a $0.72 annualized dividend and a dividend yield of 2.83%. The ex-dividend date of this dividend is Monday, March 30th. View First Bancorp's dividend history.

What price target have analysts set for FBNC?

3 brokers have issued 1-year target prices for First Bancorp's stock. Their forecasts range from $42.00 to $42.00. On average, they expect First Bancorp's share price to reach $42.00 in the next year. This suggests a possible upside of 65.2% from the stock's current price. View analysts' price targets for First Bancorp.

Has First Bancorp been receiving favorable news coverage?

News coverage about FBNC stock has trended negative recently, according to InfoTrie Sentiment. InfoTrie rates the sentiment of press coverage by reviewing more than six thousand blog and news sources in real-time. The firm ranks coverage of public companies on a scale of negative five to five, with scores nearest to five being the most favorable. First Bancorp earned a coverage optimism score of -2.6 on InfoTrie's scale. They also gave news stories about the financial services provider a news buzz of 0.0 out of 10, indicating that recent press coverage is extremely unlikely to have an effect on the company's share price in the immediate future. View the latest news aboutFirst Bancorp.

Are investors shorting First Bancorp?

First Bancorp saw a increase in short interest in May. As of May 15th, there was short interest totaling 391,700 shares, an increase of 12.5% from the April 30th total of 348,300 shares. Based on an average daily volume of 116,300 shares, the short-interest ratio is presently 3.4 days. Approximately 1.4% of the shares of the stock are sold short. View First Bancorp's Current Options Chain.

Who are some of First Bancorp's key competitors?

Some companies that are related to First Bancorp include Truist Financial (TFC), PNC Financial Services Group (PNC), SunTrust Banks (STI), First Republic Bank (FRC), Fifth Third Bancorp (FITB), M&T Bank (MTB), KeyCorp (KEY), SVB Financial Group (SIVB), Regions Financial (RF), Huntington Bancshares (HBAN), Commerce Bancshares (CBSH), Prosperity Bancshares (PB), Signature Bank (SBNY), Zions Bancorporation NA (ZION) and East West Bancorp (EWBC). View all 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 variety of institutional and retail investors. Top institutional investors include BlackRock Inc. (7.70%), Vaughan Nelson Investment Management L.P. (3.29%), Jennison Associates LLC (2.61%), State Street Corp (2.26%), Geode Capital Management LLC (1.55%) and Bank of New York Mellon Corp (1.54%). 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.

Which institutional investors are selling First Bancorp stock?

FBNC stock was sold by a variety of institutional investors in the last quarter, including Vaughan Nelson Investment Management L.P., Morgan Stanley, Castine Capital Management LLC, Parametric Portfolio Associates LLC, Invesco Ltd., Natixis Advisors L.P., UBS Group AG, and State Street Corp. 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 institutional investors are buying First Bancorp stock?

FBNC stock was purchased by a variety of institutional investors in the last quarter, including FDx Advisors Inc., FDx Advisors Inc., Penn Capital Management Co. Inc., Jennison Associates LLC, Bank of New York Mellon Corp, BlackRock Inc., Geode Capital Management LLC, and Federated Hermes 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.

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 $25.42.

How big of a company is First Bancorp?

First Bancorp has a market capitalization of $738.20 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 6/1/2020 by MarketBeat.com Staff