NASDAQ:FBNCFirst Bancorp Stock Price, Forecast & News

First Bancorp's stock was trading at $25.70 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization. Since then, FBNC shares have decreased by 12.0% and is now trading at $22.61.
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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 2 hold ratings and 2 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) issued its earnings results on Thursday, July, 23rd. The financial services provider reported $0.56 earnings per share for the quarter, beating the consensus estimate of $0.16 by $0.40. The financial services provider had revenue of $78.82 million for the quarter, compared to the consensus estimate of $67.34 million. First Bancorp had a return on equity of 9.46% and a net margin of 25.52%.
View First Bancorp's earnings history.

First Bancorp declared a quarterly dividend on Monday, June 15th. Stockholders of record on Tuesday, June 30th will be given a dividend of $0.18 per share on Friday, July 24th. This represents a $0.72 dividend on an annualized basis and a yield of 3.18%. The ex-dividend date of this dividend is Monday, June 29th.
View First Bancorp's dividend history.

4 analysts have issued twelve-month target prices for First Bancorp's shares. Their forecasts range from $25.00 to $42.00. On average, they expect First Bancorp's stock price to reach $33.50 in the next year. This suggests a possible upside of 48.2% from the stock's current price.
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Media coverage about FBNC stock has trended negative on Thursday, InfoTrie Sentiment Analysis reports. InfoTrie identifies positive and negative press coverage by reviewing more than six thousand news and blog sources in real-time. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. First Bancorp earned a news impact score of -2.4 on InfoTrie's scale. They also assigned 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 next several days.
View the latest news about First Bancorp.

First Bancorp saw a increase in short interest during the month of June. As of June 30th, there was short interest totaling 558,800 shares, an increase of 28.9% from the June 15th total of 433,500 shares. Based on an average trading volume of 109,600 shares, the days-to-cover ratio is currently 5.1 days. Currently, 2.0% of the shares of the stock are sold short.
View First Bancorp's Short Interest.

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), Signature Bank (SBNY), Zions Bancorporation NA (ZION), East West Bancorp (EWBC), 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 Macquarie Group Ltd. (4.44%), Jennison Associates LLC (2.57%), Bank of New York Mellon Corp (1.71%), Federated Hermes Inc. (1.35%), Victory Capital Management Inc. (1.26%) and Goldman Sachs Group Inc. (1.12%). 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, Victory Capital Management Inc., Castine Capital Management LLC, Envestnet Asset Management Inc., Jennison Associates LLC, First Trust Advisors LP, Federated Hermes Inc., and Intrust Bank NA. 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.

FBNC stock was bought by a variety of institutional investors in the last quarter, including Macquarie Group Ltd., Russell Investments Group Ltd., Bank of New York Mellon Corp, Goldman Sachs Group Inc., Peregrine Capital Management LLC, Wesbanco Bank Inc., Gamco Investors INC. ET AL, and Dupont Capital Management Corp. 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 $22.61.

First Bancorp has a market capitalization of $655.17 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.