First Bancorp Stock Forecast, Price & News

First Bancorp's stock was trading at $25.70 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization (WHO). Since then, FBNC stock has decreased by 5.3% and is now trading at $24.33.
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5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for First Bancorp in the last year. There are currently 2 hold ratings and 3 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.
View our earnings forecast for First Bancorp.

First Bancorp (NASDAQ:FBNC) posted its earnings results on Thursday, July, 23rd. The financial services provider reported $0.56 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 8.67% 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 annualized dividend and a yield of 2.96%. The ex-dividend date is Tuesday, September 29th.
View First Bancorp's dividend history.

5 equities research analysts have issued 1 year price targets for First Bancorp's shares. Their forecasts range from $25.00 to $42.00. On average, they anticipate First Bancorp's stock price to reach $33.50 in the next twelve months. This suggests a possible upside of 37.7% from the stock's current price.
View analysts' price targets for First Bancorp.

First Bancorp saw a increase in short interest in the month of September. As of September 30th, there was short interest totaling 549,300 shares, an increase of 37.1% from the September 15th total of 400,600 shares. Based on an average trading volume of 157,500 shares, the short-interest ratio is currently 3.5 days. Currently, 1.9% of the shares of the stock are short sold.
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), Regions Financial (RF), KeyCorp (KEY), Huntington Bancshares (HBAN), Commerce Bancshares (CBSH), Prosperity Bancshares (PB), Zions Bancorporation, National Association (ZION), East West Bancorp (EWBC), First Citizens BancShares (FCNCA) and Signature Bank (SBNY).
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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 plc (ABF.L) (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."

First Bancorp's stock is owned by a number of retail and institutional investors. Top institutional investors include Peregrine Capital Management LLC (0.89%), Dalton Greiner Hartman Maher & Co. (0.23%), Ziegler Capital Management LLC (0.12%), Bowling Portfolio Management LLC (0.04%) and Denali Advisors LLC (0.01%). 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, 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 Dalton Greiner Hartman Maher & Co., Bowling Portfolio Management LLC, Denali Advisors LLC, and Ziegler Capital Management LLC. 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 acquired by a variety of institutional investors in the last quarter, including Peregrine Capital Management LLC. 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.

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 $24.33.

First Bancorp has a market capitalization of $705.01 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.