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. Since then, FBNC stock has decreased by 17.5% and is now trading at $21.20.
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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."
View analyst ratings for First Bancorp.

First Bancorp is scheduled to release its next quarterly earnings announcement on Wednesday, October 28th 2020.
View our earnings forecast for First Bancorp.

First Bancorp (NASDAQ:FBNC) posted its quarterly earnings results on Thursday, July, 23rd. The financial services provider reported $0.56 earnings per share for the quarter, beating 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 the consensus estimate of $67.34 million. First Bancorp had a return on equity of 9.41% and a net margin of 25.52%.
View First Bancorp's earnings history.

First Bancorp declared 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 yield of 3.40%. The ex-dividend date is Tuesday, September 29th.
View First Bancorp's dividend history.

4 analysts have issued 1-year target prices for First Bancorp's shares. 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 twelve months. This suggests a possible upside of 58.0% from the stock's current price.
View analysts' price targets for First Bancorp.

First Bancorp saw a drop in short interest in August. As of August 31st, there was short interest totaling 388,500 shares, a drop of 19.9% from the August 15th total of 484,800 shares. Based on an average daily trading volume, of 145,200 shares, the short-interest ratio is currently 2.7 days. Approximately 1.4% of the company's 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), SVB Financial Group (SIVB), M&T Bank (MTB), KeyCorp (KEY), Regions Financial (RF), Huntington Bancshares (HBAN), Commerce Bancshares (CBSH), Prosperity Bancshares (PB), Zions Bancorporation NA (ZION), East West Bancorp (EWBC), Signature Bank (SBNY) 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), Apollo Global Management (APO), Ciena (CIEN) and First Data (FDC).

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

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 $21.20.

First Bancorp has a market capitalization of $614.31 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.