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NASDAQ:FBNC

First Bancorp - FBNC Stock Forecast, Price & News

$37.85
-0.06 (-0.16%)
(As of 08/15/2022 11:39 AM ET)
Add
Compare
Today's Range
$37.67
$37.85
50-Day Range
$33.36
$38.17
52-Week Range
$32.90
$50.92
Volume
638 shs
Average Volume
154,163 shs
Market Capitalization
$1.35 billion
P/E Ratio
11.65
Dividend Yield
2.32%
Price Target
$45.67

First Bancorp MarketRank™ Forecast

Analyst Rating
Hold
2.33 Rating Score
Upside/​Downside
20.5% Upside
$45.67 Price Target
Short Interest
Bearish
3.14% of Shares Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
N/A
News Sentiment
1.41mentions of First Bancorp in the last 14 days
Based on 6 Articles This Week
Insider Trading
Acquiring Shares
$78,397 Bought Last Quarter
Proj. Earnings Growth
10.46%
From $3.73 to $4.12 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.48 out of 5 stars

Finance Sector

348th out of 931 stocks

State Commercial Banks Industry

69th out of 194 stocks

FBNC stock logo

About First Bancorp (NASDAQ:FBNC) Stock

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; and accounts receivable financing and factoring, inventory financing, and purchase order financing services. 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 December 31, 2021, it operated 121 branches comprising 114 branch offices located in North Carolina and seven branches in South Carolina. First Bancorp was founded in 1934 and is headquartered in Southern Pines, North Carolina.

Wall Street Analyst Weigh In

FBNC has been the subject of a number of analyst reports. DA Davidson cut shares of First Bancorp from a "buy" rating to a "neutral" rating and cut their price target for the stock from $43.00 to $42.00 in a research note on Monday, August 1st. Raymond James raised their price target on shares of First Bancorp from $40.00 to $43.00 and gave the stock an "outperform" rating in a research note on Monday, August 1st.

First Bancorp Price Performance

Shares of NASDAQ:FBNC traded up $0.53 during mid-day trading on Friday, hitting $37.91. 82,949 shares of the stock were exchanged, compared to its average volume of 131,116. The company has a market cap of $1.35 billion, a P/E ratio of 11.66 and a beta of 1.15. The stock's fifty day simple moving average is $35.76 and its two-hundred day simple moving average is $39.16. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.70 and a current ratio of 0.71. First Bancorp has a twelve month low of $32.90 and a twelve month high of $50.92.

First Bancorp (NASDAQ:FBNC - Get Rating) last posted its quarterly earnings data on Wednesday, July 27th. The financial services provider reported $1.04 earnings per share for the quarter, topping the consensus estimate of $1.02 by $0.02. First Bancorp had a net margin of 29.83% and a return on equity of 11.20%. As a group, analysts forecast that First Bancorp will post 3.73 EPS for the current fiscal year.

First Bancorp Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, July 25th. Investors of record on Thursday, June 30th were issued a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.32%. The ex-dividend date of this dividend was Wednesday, June 29th. First Bancorp's dividend payout ratio is currently 27.08%.

Insider Activity at First Bancorp

In related news, Director Carlie C. Mclamb, Jr. purchased 1,238 shares of the stock in a transaction that occurred on Monday, May 16th. The stock was acquired at an average price of $35.99 per share, with a total value of $44,555.62. Following the completion of the acquisition, the director now directly owns 21,838 shares in the company, valued at approximately $785,949.62. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, Director Carlie C. Mclamb, Jr. purchased 1,238 shares of the stock in a transaction that occurred on Monday, May 16th. The stock was acquired at an average price of $35.99 per share, with a total value of $44,555.62. Following the completion of the acquisition, the director now directly owns 21,838 shares in the company, valued at approximately $785,949.62. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Dexter V. Perry bought 973 shares of the stock in a transaction on Wednesday, June 29th. The shares were acquired at an average cost of $34.78 per share, with a total value of $33,840.94. Following the acquisition, the director now directly owns 3,485 shares in the company, valued at approximately $121,208.30. The disclosure for this purchase can be found here. 1.90% of the stock is currently owned by company insiders.

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FBNC Stock News Headlines

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While millennials are trying to get rich in crypto Ponzi schemes- there's something happening that Wall Street is TOTALLY ignoring. And it's about to affect every American Citizen over 55...
First Bancorp (NASDAQ:FBNC) Lowered to "Neutral" at DA Davidson
The First Bancorp: Collect A Paycheck, Get Raises
First Bancorp (FBNC) Could Be a Great Choice
Biden Executive Order 14017 Potentially Sending Lithium Stocks Skyrocketing
The White House is scared of our country's lithium supply running out. That's why Biden issued executive order 14017 to figure out how to expand our lithium production. And this is GREAT news for one company who's gobbling up land in the lithium-rich Nevada desert.
First Bancorp declares $0.22 dividend
See More Headlines
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FBNC Company Calendar

Ex-Dividend for 7/25 Dividend
6/29/2022
Dividend Payable
7/25/2022
Last Earnings
7/27/2022
Today
8/15/2022
Next Earnings (Estimated)
10/25/2022
Fiscal Year End
12/31/2022

Industry, Sector and Symbol

Industry
State commercial banks
Sub-Industry
Regional Banks
Sector
Finance
Current Symbol
NASDAQ:FBNC
CUSIP
31891010
Employees
1,234
Year Founded
1948

Price Target and Rating

Average Stock Price Forecast
$45.67
High Stock Price Forecast
$52.00
Low Stock Price Forecast
$42.00
Forecasted Upside/Downside
+20.7%
Consensus Rating
Hold
Rating Score (0-4)
2.33
Research Coverage
3 Analysts

Profitability

Net Income
$95.64 million
Pretax Margin
37.34%

Debt

Sales & Book Value

Annual Sales
$329.53 million
Cash Flow
$3.84 per share
Book Value
$34.57 per share

Miscellaneous

Free Float
35,006,000
Market Cap
$1.35 billion
Optionable
Optionable
Beta
1.15

Social Links















FBNC Stock - Frequently Asked Questions

Should I buy or sell First Bancorp stock right now?

3 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for First Bancorp in the last year. There are currently 2 hold ratings and 1 buy rating for the stock. The consensus among Wall Street research analysts is that investors should "hold" FBNC shares. 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 FBNC analyst ratings
or view top-rated stocks.

What is First Bancorp's stock price forecast for 2022?

3 equities research analysts have issued 1 year price targets for First Bancorp's stock. Their FBNC share price forecasts range from $42.00 to $52.00. On average, they predict the company's stock price to reach $45.67 in the next year. This suggests a possible upside of 20.5% from the stock's current price.
View analysts price targets for FBNC
or view top-rated stocks among Wall Street analysts.

How have FBNC shares performed in 2022?

First Bancorp's stock was trading at $46.29 at the beginning of 2022. Since then, FBNC shares have decreased by 18.1% and is now trading at $37.91.
View the best growth stocks for 2022 here
.

When is First Bancorp's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, October 25th 2022.
View our FBNC earnings forecast
.

How were First Bancorp's earnings last quarter?

First Bancorp (NASDAQ:FBNC) posted its earnings results on Wednesday, July, 27th. The financial services provider reported $1.04 EPS for the quarter, beating the consensus estimate of $1.02 by $0.02. First Bancorp had a trailing twelve-month return on equity of 11.20% and a net margin of 29.83%.

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

First Bancorp declared a quarterly dividend on Wednesday, June 15th. Shareholders of record on Thursday, June 30th will be given a dividend of $0.22 per share on Monday, July 25th. This represents a $0.88 annualized dividend and a dividend yield of 2.32%. The ex-dividend date is Wednesday, June 29th.
Read our dividend analysis for FBNC
.

Is First Bancorp a good dividend stock?

First Bancorp (NASDAQ:FBNC) pays an annual dividend of $0.88 per share and currently has a dividend yield of 2.32%. The company 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 is 27.08%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, FBNC will have a dividend payout ratio of 21.36% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for FBNC.

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 many different institutional and retail investors. Top institutional investors include Jennison Associates LLC (2.81%), William Blair Investment Management LLC (2.09%), Brown Advisory Inc. (1.40%), Northern Trust Corp (1.29%), Victory Capital Management Inc. (1.19%) and Peregrine Capital Management LLC (0.77%). Insiders that own company 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
.

How do I buy shares of First Bancorp?

Shares of FBNC stock 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 $37.91.

How much money does First Bancorp make?

First Bancorp (NASDAQ:FBNC) has a market capitalization of $1.35 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.

How many employees does First Bancorp have?

The company employs 1,234 workers across the globe.

When was First Bancorp founded?

First Bancorp was founded in 1948.

How can I contact First Bancorp?

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

This page (NASDAQ:FBNC) was last updated on 8/15/2022 by MarketBeat.com Staff

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