NASDAQ:FBNC

First Bancorp Stock Forecast, Price & News

$45.45
+0.39 (+0.87 %)
(As of 05/7/2021 12:00 AM ET)
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Today's Range
$44.22
$45.51
50-Day Range
$41.04
$46.59
52-Week Range
$19.26
$48.83
Volume62,886 shs
Average Volume111,353 shs
Market Capitalization$1.29 billion
P/E Ratio16.83
Dividend Yield1.78%
Beta1.26
30 days | 90 days | 365 days | Advanced Chart
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Industry, Sector and Symbol

Industry State commercial banks
Sub-IndustryRegional Banks
SectorFinance
Current SymbolNASDAQ:FBNC
CUSIP31891010
Phone910-246-2500
Employees1,071
Year FoundedN/A

Sales & Book Value

Annual Sales$308.70 million
Cash Flow$4.57 per share
Book Value$28.79 per share

Profitability

Net Income$92.05 million

Debt

Price-To-Earnings

Miscellaneous

Market Cap$1.29 billion
Next Earnings Date7/22/2021 (Estimated)
OptionableOptionable

Headlines

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First Bancorp logo

About First Bancorp

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 January 27, 2021, 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

1.62 out of 5 stars

Finance Sector

531st out of 1,951 stocks

State Commercial Banks Industry

112th out of 310 stocks

Analyst Opinion: 1.1Community Rank: 2.4Dividend Strength: 2.5Insider Behavior: 0.8Valuation: 1.3 5 -4 -3 -2 -1 -
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First Bancorp (NASDAQ:FBNC) Frequently Asked Questions

Is First Bancorp a buy right now?

5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for First Bancorp in the last twelve months. There are currently 4 hold ratings and 1 buy rating for the stock. The consensus among Wall Street 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 top-rated stocks.

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 Thursday, July 22nd 2021.
View our earnings forecast for First Bancorp
.

How were First Bancorp's earnings last quarter?

First Bancorp (NASDAQ:FBNC) released its quarterly earnings results on Monday, April, 26th. The financial services provider reported $0.99 EPS for the quarter, topping the consensus estimate of $0.87 by $0.12. First Bancorp had a trailing twelve-month return on equity of 8.36% and a net margin of 24.81%.
View First Bancorp's earnings history
.

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

First Bancorp's stock was trading at $25.70 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, FBNC shares have increased by 76.8% and is now trading at $45.45.
View which stocks have been most impacted by COVID-19
.

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

First Bancorp announced a quarterly dividend on Tuesday, March 16th. Shareholders of record on Wednesday, March 31st will be given a dividend of $0.20 per share on Sunday, April 25th. This represents a $0.80 dividend on an annualized basis and a yield of 1.76%. The ex-dividend date is Tuesday, March 30th. This is a boost from First Bancorp's previous quarterly dividend of $0.18.
View First Bancorp's dividend history
.

Is First Bancorp a good dividend stock?

First Bancorp pays an annual dividend of $0.80 per share and currently has a dividend yield of 1.78%. First Bancorp does not yet have a strock track record of dividend growth. The dividend payout ratio of First Bancorp is 25.81%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, First Bancorp will have a dividend payout ratio of 31.62% next year. This indicates that First Bancorp will be able to sustain or increase its dividend.
View First Bancorp's dividend history.

What guidance has First Bancorp issued on next quarter's earnings?

First Bancorp issued an update on its first quarter earnings guidance on Tuesday, April, 27th. The company provided earnings per share guidance of $0.99 for the period, compared to the Thomson Reuters consensus estimate of $0.85. The company issued revenue guidance of $78.68 million, compared to the consensus revenue estimate of $75.85 million.

What price target have analysts set for FBNC?

5 analysts have issued 12 month price objectives for First Bancorp's shares. Their forecasts range from $25.00 to $25.00. On average, they expect First Bancorp's share price to reach $25.00 in the next year. This suggests that the stock has a possible downside of 45.0%.
View analysts' price targets for First Bancorp
or view top-rated stocks among Wall Street analysts.

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 $578.07k)
  • Mr. Michael G. Mayer, Pres & Director (Age 60, Pay $828.62k)
  • Mr. Eric P. Credle, Exec. VP & CFO (Age 53, Pay $458.92k)
  • Ms. Elizabeth B. Bostian, Exec. VP, Gen. Counsel & Sec.

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), Apollo Global Management (APO), Ciena (CIEN) and First Data (FDC).

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 retail and institutional investors. Top institutional investors include BlackRock Inc. (14.87%), Victory Capital Management Inc. (1.03%), Rhumbline Advisers (0.37%), Wesbanco Bank Inc. (0.16%), Alliancebernstein L.P. (0.16%) and Livingston Group Asset Management CO operating as Southport Capital Management (0.12%). Company insiders that own First Bancorp stock include Dennis A Wicker, 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
.

Which institutional investors are selling First Bancorp stock?

FBNC stock was sold by a variety of institutional investors in the last quarter, including Victory Capital Management Inc., Dalton Greiner Hartman Maher & Co., Parsec Financial Management Inc., Zurcher Kantonalbank Zurich Cantonalbank , State of Alaska Department of Revenue, Texas Permanent School Fund, The Manufacturers Life Insurance Company , and Comerica Bank. Company insiders that have sold First Bancorp company stock in the last year include Mary Clara Capel, Michael Goodwin Mayer, Richard H Moore, and Suzanne S Deferie.
View insider buying and selling activity for First Bancorp
or view top insider-selling stocks.

Which institutional investors are buying First Bancorp stock?

FBNC stock was purchased by a variety of institutional investors in the last quarter, including Wesbanco Bank Inc., BlackRock Inc., Rhumbline Advisers, IndexIQ Advisors LLC, BNP Paribas Arbitrage SA, Alps Advisors Inc., and Alliancebernstein L.P.. 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.
Compare Top Brokerages Here.

What is First Bancorp's stock price today?

One share of FBNC stock can currently be purchased for approximately $45.45.

How much money does First Bancorp make?

First Bancorp has a market capitalization of $1.29 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.

How many employees does First Bancorp have?

First Bancorp employs 1,071 workers across the globe.

What is First Bancorp's official website?

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

Where are First Bancorp's headquarters?

First Bancorp is headquartered at 300 SW Broad Street, Southern Pines NC, 28387.

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 5/9/2021 by MarketBeat.com Staff
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