First Bancorp Stock Forecast, Price & News

5 Wall Street equities research 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 equities research 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.
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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.
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First Bancorp saw a drop in short interest in January. As of January 15th, there was short interest totaling 1,020,000 shares, a drop of 20.3% from the December 31st total of 1,280,000 shares. Based on an average daily volume of 298,000 shares, the days-to-cover ratio is presently 3.4 days. Approximately 3.7% of the shares of the company are short sold.
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First Bancorp is scheduled to release its next quarterly earnings announcement on Tuesday, April 27th 2021.
View our earnings forecast for First Bancorp.

First Bancorp (NASDAQ:FBNC) posted its quarterly earnings results on Tuesday, January, 26th. The financial services provider reported $0.83 EPS for the quarter, topping the Thomson Reuters' consensus estimate of $0.76 by $0.07. 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.

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 increased by 56.7% and is now trading at $40.27.
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First Bancorp declared a quarterly dividend on Wednesday, December 16th. Stockholders of record on Thursday, December 31st will be paid a dividend of $0.18 per share on Monday, January 25th. This represents a $0.72 annualized dividend and a yield of 1.79%. The ex-dividend date is Wednesday, December 30th.
View First Bancorp's dividend history.

First Bancorp pays an annual dividend of $0.72 per share and currently has a dividend yield of 1.76%. First Bancorp does not yet have a strock track record of dividend growth. The dividend payout ratio of First Bancorp is 23.23%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, First Bancorp will have a dividend payout ratio of 28.46% next year. This indicates that First Bancorp will be able to sustain or increase its dividend.
View First Bancorp's dividend history.

5 brokers have issued 1 year price targets for First Bancorp's stock. Their forecasts range from $25.00 to $25.00. On average, they anticipate First Bancorp's stock price to reach $25.00 in the next year. This suggests that the stock has a possible downside of 37.9%.
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Some companies that are related to First Bancorp include Truist Financial (TFC), The PNC Financial Services Group (PNC), First Republic Bank (FRC), SVB Financial Group (SIVB), Fifth Third Bancorp (FITB), Regions Financial (RF), KeyCorp (KEY), M&T Bank (MTB), Huntington Bancshares (HBAN), Signature Bank (SBNY), East West Bancorp (EWBC), Western Alliance Bancorporation (WAL), First Horizon (FHN), Zions Bancorporation, National Association (ZION) and Commerce Bancshares (CBSH).
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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 Holdings Limited (CGH.L) (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."

First Bancorp's stock is owned by many different institutional and retail investors. Top institutional investors include BlackRock Inc. (14.75%), Dimensional Fund Advisors LP (4.83%), Bank of New York Mellon Corp (2.76%), Jennison Associates LLC (2.64%), Price T Rowe Associates Inc. MD (2.25%) and Northern Trust Corp (1.89%). Company insiders that own First Bancorp stock include Dennis A Wicker, Eric P Credle, Frederick Leslie Taylor, James C Crawford III, 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 Price T Rowe Associates Inc. MD, Renaissance Technologies LLC, Russell Investments Group Ltd., Mendon Capital Advisors Corp, Dimensional Fund Advisors LP, Walthausen & Co. LLC, Federated Hermes Inc., and First Trust Advisors LP. Company insiders that have sold First Bancorp company stock in the last year include Mary Clara Capel, Richard H Moore, and Suzanne S Deferie.
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FBNC stock was purchased by a variety of institutional investors in the last quarter, including BlackRock Inc., HoldCo Asset Management L.P., Bank of New York Mellon Corp, Principal Financial Group Inc., Healthcare of Ontario Pension Plan Trust Fund, Canada Pension Plan Investment Board, Peregrine Capital Management LLC, and Public Sector Pension Investment Board. 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.

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.
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One share of FBNC stock can currently be purchased for approximately $40.27.

First Bancorp has a market capitalization of $1.15 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.

First Bancorp employs 1,111 workers across the globe.

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

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

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.