NASDAQ:FBNC First Bancorp - FBNC Stock Forecast, Price & News Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Adding First Bancorp Please log in to your account or sign up in order to add this asset to your watchlist. $35.52 +0.25 (+0.71%) (As of 03/31/2023 12:00 AM ET) Add Compare Share Share Today's Range$35.19▼$35.8450-Day Range$35.19▼$43.2452-Week Range$32.90▼$49.00Volume202,623 shsAverage Volume399,738 shsMarket Capitalization$1.45 billionP/E Ratio8.62Dividend Yield2.48%Price Target$44.00 ProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial Media First Bancorp MarketRank™ ForecastAnalyst RatingModerate Buy2.67 Rating ScoreUpside/Downside23.9% Upside$44.00 Price TargetShort InterestHealthy1.95% of Shares Sold ShortDividend StrengthModerateBased on Four FactorsSustainabilityN/ANews Sentiment0.07Based on 10 Articles This WeekInsider TradingAcquiring Shares$26,973 Bought Last QuarterProj. Earnings Growth1.50%From $4.01 to $4.07 Per ShareSee Full Details Hide Full Details Overall MarketRank™MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.2.37 out of 5 starsFinance Sector502nd out of 890 stocksState Commercial Banks Industry138th out of 188 stocks 2.3 Analyst's Opinion Consensus RatingFirst Bancorp has received a consensus rating of Buy. The company's average rating score is 2.67, and is based on 2 buy ratings, 1 hold rating, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $44.00, First Bancorp has a forecasted upside of 23.9% from its current price of $35.52.Amount of Analyst CoverageFirst Bancorp has only been the subject of 2 research reports in the past 90 days. Previous Next 3.0 Short Interest Percentage of Shares Shorted1.95% of the outstanding shares of First Bancorp have been sold short.Short Interest Ratio / Days to CoverFirst Bancorp has a short interest ratio ("days to cover") of 3.4, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in First Bancorp has recently increased by 35.15%, indicating that investor sentiment is decreasing significantly. Previous Next 2.5 Dividend Strength Dividend YieldFirst Bancorp pays a meaningful dividend of 2.44%, higher than the bottom 25% of all stocks that pay dividends.Dividend GrowthFirst Bancorp has only been increasing its dividend for 2 years.Dividend CoverageThe dividend payout ratio of First Bancorp is 21.36%. This payout ratio is at a healthy, sustainable level, below 75%.Dividend SustainabilityBased on earnings estimates, First Bancorp will have a dividend payout ratio of 21.62% next year. This indicates that First Bancorp will be able to sustain or increase its dividend. Previous Next N/A Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for FBNC. Previous Next 1.7 News and Social Media Coverage News SentimentFirst Bancorp has a news sentiment score of 0.07. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.53 average news sentiment score of Finance companies.News Coverage This WeekMarketBeat has tracked 10 news articles for First Bancorp this week, compared to 2 articles on an average week.Search InterestOnly 11 people have searched for FBNC on MarketBeat in the last 30 days. This is a decrease of 0% compared to the previous 30 days. Previous Next 3.3 Company Ownership Insider Buying vs. Insider SellingIn the past three months, First Bancorp insiders have bought more of their company's stock than they have sold. Specifically, they have bought $26,973.00 in company stock and sold $0.00 in company stock.Percentage Held by InsidersOnly 1.90% of the stock of First Bancorp is held by insiders.Percentage Held by Institutions69.44% of the stock of First Bancorp is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 1.9 Earnings and Valuation Earnings GrowthEarnings for First Bancorp are expected to grow by 1.50% in the coming year, from $4.01 to $4.07 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of First Bancorp is 8.62, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 120.42.Price to Earnings Ratio vs. SectorThe P/E ratio of First Bancorp is 8.62, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 136.11.Price to Book Value per Share RatioFirst Bancorp has a P/B Ratio of 1.23. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here About First Bancorp (NASDAQ:FBNC) StockFirst Bancorp (North Carolina) operates as a bank holding company, which engages in banking activities, with the acceptance of deposits and the making of loans. It provides a range of deposit products such as checking, savings, NOW, and money market accounts, as well as time deposits, including various types of certificates of deposits and individual retirement accounts. The company's offerings include credit cards, debit cards, letters of credit, safe deposit box rentals, bank money orders and electronic funds transfer services, including wire transfers. It also offers loans for a range of consumer and commercial purposes, including loans for business, agriculture, real estate, personal uses, home improvement and automobiles. The company was founded on December 8, 1983 and is headquartered in Southern Pines, NC.Read More Receive FBNC Stock News and Ratings via Email Sign-up to receive the latest news and ratings for First Bancorp and its competitors with MarketBeat's FREE daily newsletter. Email Address FBNC Stock News HeadlinesMarch 31, 2023 | nypost.comRepublic First shares tank, traders confuse bank for plagued First RepublicMarch 30, 2023 | finance.yahoo.comQuite a few insiders invested in First Bancorp (NASDAQ:FBNC) last year which is positive news for shareholdersApril 1, 2023 | Investorplace Media (Ad)5 Hypergrowth Stocks to Buy NowLuke Lango has found 14 stocks that have gone up over 1,000%. Now he’s named his top stocks for 2023. Just click to claim your copy. March 27, 2023 | fool.comFirst Citizens Is Buying Most of Silicon Valley Bank's Assets -- Shares Are Rocketing HigherMarch 27, 2023 | msn.comFirst Citizens Bank to buy Silicon Valley Bank after collapse, FDIC saysMarch 27, 2023 | msn.comFirst Citizens buys Silicon Valley BankMarch 26, 2023 | msn.comFirst Citizens near deal to buy Silicon Valley Bank: reportMarch 26, 2023 | cnn.comFirst came bank failures. Now comes the House hearingApril 1, 2023 | Investorplace Media (Ad)5 Hypergrowth Stocks to Buy NowLuke Lango has found 14 stocks that have gone up over 1,000%. Now he’s named his top stocks for 2023. Just click to claim your copy. March 22, 2023 | bloomberg.comFirst Republic Downgraded by Fitch Amid Cash CrunchMarch 22, 2023 | bizjournals.comMost family-owned businesses don't have detailed succession plan, survey by St. Louis bank showsMarch 21, 2023 | marketwatch.comFinancials Up as First Republic Rallies -- Financials RoundupMarch 21, 2023 | cnbc.comFirst Republic's future to be discussed as major bank CEOs gather, sources sayMarch 16, 2023 | msn.com$30 billion rescue of First Republic Bank announced by major banksMarch 16, 2023 | cnn.comFirst Republic in talks with major banks about a rescue planMarch 16, 2023 | msn.comS.F.’s First Republic Bank could receive rescue package from other big banksMarch 16, 2023 | barrons.comFirst Republic Bank and SVB Made the Same Flawed Bet. They’re Paying Now.March 16, 2023 | thestreet.comFirst Republic Bank Is Reportedly Looking for a BuyerMarch 16, 2023 | msn.comFirst Republic Bank considers strategic options, potential sale- BloombergMarch 15, 2023 | bizjournals.comWill First Republic Bank draw suitors in the wake of SVB's collapse?March 15, 2023 | msn.comFirst Republic Bank downgraded to ‘junk’ by S&P on fears further deposit flight will hurt profitabilityMarch 14, 2023 | nypost.comFirst Republic, regional bank stocks rebound despite Moody’s downgradesMarch 14, 2023 | marketwatch.comFirst Republic leads big rally in regional banks, while United Airlines dips on profit warningMarch 14, 2023 | nytimes.comBank Stocks Rebound Despite Fears Over Small Lenders’ HealthMarch 13, 2023 | finance.yahoo.comFIRST BANK COMPLETES GRANDSOUTH BANK CONVERSIONMarch 13, 2023 | msn.comCustomers Queue Outside First Republic Bank After Silicon Valley Bank CollapseMarch 10, 2023 | msn.comFirst Republic leads regional bank rout as Silicon Valley Bank failure raises fears about bond lossesSee More Headlines View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart Receive FBNC Stock News and Ratings via Email Sign-up to receive the latest news and ratings for First Bancorp and its competitors with MarketBeat's FREE daily newsletter. Email Address FBNC Company Calendar Last Earnings10/25/2021Ex-Dividend for 1/25 Dividend12/29/2022Dividend Payable1/25/2023Ex-Dividend for 4/25 Dividend3/30/2023Today4/01/2023Dividend Payable4/25/2023Next Earnings (Estimated)4/26/2023Fiscal Year End12/31/2023Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNASDAQ Industry State commercial banks Sub-IndustryRegional Banks SectorFinance Current SymbolNASDAQ:FBNC CUSIP31891010 CIK811589 Webwww.localfirstbank.com Phone(910) 246-2500Fax910-576-0662Employees1,294Year Founded1948Price Target and Rating Average Stock Price Forecast$44.00 High Stock Price Forecast$45.00 Low Stock Price Forecast$42.00 Forecasted Upside/Downside+23.9%Consensus RatingModerate Buy Rating Score (0-4)2.67 Research Coverage3 Analysts Profitability EPS (Most Recent Fiscal Year)$4.12 Trailing P/E Ratio8.62 Forward P/E Ratio8.86 P/E GrowthN/ANet Income$146.94 million Net Margins35.93% Pretax Margin45.29% Return on Equity14.01% Return on Assets1.39% Debt Debt-to-Equity Ratio0.28 Current Ratio0.74 Quick Ratio0.74 Sales & Book Value Annual Sales$408.94 million Price / Sales3.55 Cash Flow$4.77 per share Price / Cash Flow7.44 Book Value$28.89 per share Price / Book1.23Miscellaneous Outstanding Shares40,880,000Free Float40,099,000Market Cap$1.45 billion OptionableOptionable Beta1.09 Social Links Key ExecutivesRichard Hancock MooreChairman & Chief Executive OfficerMichael Goodwin MayerPresident & DirectorElizabeth B. BostianChief Financial Officer & Executive Vice PresidentTerrence ThomasChief Information OfficerAdam CurrieChief Banking Officer & Executive Vice PresidentKey CompetitorsTriCo BancsharesNASDAQ:TCBKStock Yards BancorpNASDAQ:SYBTLakeland FinancialNASDAQ:LKFNColumbia Banking SystemNASDAQ:COLBEnterprise Financial ServicesNASDAQ:EFSCView All CompetitorsInsiders & InstitutionsVictory Capital Management Inc.Bought 4,680 shares on 3/10/2023Ownership: 1.044%Carlie C Mclamb JrBought 655 shares on 3/7/2023Total: $26,972.90 ($41.18/share)Rockefeller Capital Management L.P.Bought 5,708 shares on 3/6/2023Ownership: 0.024%Teachers Retirement System of The State of KentuckyBought 2,188 shares on 2/22/2023Ownership: 0.031%Macquarie Group Ltd.Bought 34,386 shares on 2/21/2023Ownership: 3.661%View All Insider TransactionsView All Institutional Transactions FBNC Stock - Frequently Asked Questions Should I buy or sell First Bancorp stock right now? 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. What is First Bancorp's stock price forecast for 2023? 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. How have FBNC shares performed in 2023? 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. View the best growth stocks for 2023 here. Are investors shorting First Bancorp? 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. When is First Bancorp's next earnings date? The company is scheduled to release its next quarterly earnings announcement on Wednesday, April 26th 2023. View our FBNC earnings forecast. How were First Bancorp's earnings last quarter? 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%. How often does First Bancorp pay dividends? What is the dividend yield for First Bancorp? 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. What ETFs hold First Bancorp's stock? 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). Is First Bancorp a good dividend stock? 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. What other stocks do shareholders of First Bancorp own? 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). What is First Bancorp's stock symbol? First Bancorp trades on the NASDAQ under the ticker symbol "FBNC." How do I buy shares of First Bancorp? 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. Compare Top Brokerages Here. What is First Bancorp's stock price today? One share of FBNC stock can currently be purchased for approximately $35.52. How much money does First Bancorp make? 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. How many employees does First Bancorp have? The company employs 1,294 workers across the globe. How can I contact First Bancorp? 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. This page (NASDAQ:FBNC) was last updated on 4/1/2023 by MarketBeat.com Staff Get 30 Days of MarketBeat All Access Free Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. Stock Ideas and Recommendations Get daily stock ideas from top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report. 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