First Bancorp - FBNC Stock Forecast, Price & News

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

3 brokers have issued 12 month price targets for First Bancorp's stock. Their FBNC share price forecasts range from $42.00 to $45.00. On average, they predict the company's share price to reach $44.00 in the next year. This suggests a possible upside of 23.9% from the stock's current price.
View analysts price targets for FBNC or view top-rated stocks among Wall Street analysts.

First Bancorp's stock was trading at $42.84 at the beginning of 2023. Since then, FBNC stock has decreased by 17.1% and is now trading at $35.52.
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First Bancorp saw a increase in short interest during the month of March. As of March 15th, there was short interest totaling 795,600 shares, an increase of 35.1% from the February 28th total of 588,700 shares. Based on an average trading volume of 231,800 shares, the days-to-cover ratio is presently 3.4 days.
View First Bancorp's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Wednesday, April 26th 2023.
View our FBNC earnings forecast.

First Bancorp (NASDAQ:FBNC) issued its quarterly earnings results on Monday, October, 25th. The financial services provider reported $0.97 earnings per share for the quarter, hitting analysts' consensus estimates of $0.97. The financial services provider earned $75.06 million during the quarter, compared to analyst estimates of $77.45 million. First Bancorp had a trailing twelve-month return on equity of 14.01% and a net margin of 35.93%.

First Bancorp announced a quarterly dividend on Wednesday, March 15th. Investors of record on Friday, March 31st will be given a dividend of $0.22 per share on Tuesday, April 25th. This represents a $0.88 annualized dividend and a yield of 2.48%. The ex-dividend date of this dividend is Thursday, March 30th.
Read our dividend analysis for FBNC.

ETFs with the largest weight of First Bancorp (NASDAQ:FBNC) stock in their portfolio include Invesco S&P SmallCap Low Volatility ETF (XSLV), First Trust NASDAQ ABA Community Bank Index Fund (QABA), Invesco S&P SmallCap Financials ETF (PSCF), iShares US Small Cap Value Factor ETF (SVAL), SPDR S&P Regional Banking ETF (KRE), VictoryShares US Discovery Enhanced Volatility Wtd ETF (CSF), Timothy Plan US Small Cap Core ETF (TPSC) and VictoryShares US Small Cap Volatility Wtd (CSA).

First Bancorp (NASDAQ:FBNC) pays an annual dividend of $0.88 per share and currently has a dividend yield of 2.44%. 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 21.36%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, FBNC will have a dividend payout ratio of 21.62% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for FBNC.

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 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.
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One share of FBNC stock can currently be purchased for approximately $35.52.

First Bancorp (NASDAQ:FBNC) has a market capitalization of $1.45 billion and generates $408.94 million in revenue each year. The financial services provider earns $146.94 million in net income (profit) each year or $4.12 on an earnings per share basis.

The company employs 1,294 workers across the globe.

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.