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NASDAQ:FBNCFirst Bancorp Stock Price, Forecast & News

$24.62
-0.25 (-1.01 %)
(As of 06/2/2020 09:57 AM ET)
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Today's Range
$24.63
Now: $24.63
$25.26
50-Day Range
$20.52
MA: $23.66
$28.75
52-Week Range
$17.32
Now: $24.63
$41.34
Volume3,342 shs
Average Volume87,471 shs
Market Capitalization$715.11 million
P/E Ratio8.37
Dividend Yield2.83%
Beta1.27
First Bancorp operates as the bank holding company for First Bank that provides banking products and services for individuals and small to medium-sized businesses primarily in North Carolina and northeastern South Carolina. It accepts deposit products, such as checking, savings, and money market accounts, as well as time deposits, including certificates of deposit and individual retirement accounts. The company also offers loans for a range of consumer and commercial purposes comprising loans for business, real estate, personal, home improvement, and automobiles, as well as residential mortgages and SBA loans. In addition, it provides credit and debit cards, letters of credit, and safe deposit box rental services, as well as electronic funds transfer services consisting of wire transfers; and Internet and mobile banking, cash management, bank-by-phone services, and remote deposit capture services. Further, the company offers investment and insurance products, such as mutual funds, annuities, long-term care insurance, life insurance, and company retirement plans, as well as property and casualty insurance products; and financial planning services. As of December 31, 2018, it operated 101 branches, including 95 branches in North Carolina and 6 branches in South Carolina. The company was founded in 1934 and is headquartered in Southern Pines, North Carolina.
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First Bancorp logo

Beat the Market (BTM) Rank

Analyst Opinion: 3.5Community Rank: 2.5Dividend Strength: 3.3Insider Behavior: 4.0Valuation: 2.5 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

3.17 out of 5 stars


Industry, Sector and Symbol

Industry State commercial banks
Sub-IndustryRegional Banks
SectorFinance
Current SymbolNASDAQ:FBNC
CUSIP31891010
Phone910-246-2500

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$308.70 million
Cash Flow$3.55 per share
Book Value$28.79 per share

Profitability

Net Income$92.05 million

Miscellaneous

Employees1,111
Market Cap$715.11 million
Next Earnings Date7/22/2020 (Estimated)
OptionableOptionable

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First Bancorp (NASDAQ:FBNC) Frequently Asked Questions

How has First Bancorp's stock been impacted by COVID-19 (Coronavirus)?

First Bancorp's stock was trading at $25.70 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization (WHO). Since then, FBNC shares have decreased by 3.2% and is now trading at $24.87. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of First Bancorp?

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for First Bancorp in the last year. There are currently 3 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for First Bancorp.

When is First Bancorp's next earnings date?

First Bancorp is scheduled to release its next quarterly earnings announcement on Wednesday, July 22nd 2020. View our earnings forecast for First Bancorp.

How were First Bancorp's earnings last quarter?

First Bancorp (NASDAQ:FBNC) posted its quarterly earnings results on Tuesday, April, 28th. The financial services provider reported $0.62 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.56 by $0.06. The financial services provider had revenue of $68.46 million for the quarter, compared to analysts' expectations of $68.23 million. First Bancorp had a net margin of 28.34% and a return on equity of 10.45%. View First Bancorp's earnings history.

How often does First Bancorp pay dividends? What is the dividend yield for First Bancorp?

First Bancorp declared a quarterly dividend on Friday, March 13th. Stockholders of record on Tuesday, March 31st will be paid a dividend of $0.18 per share on Friday, April 24th. This represents a $0.72 annualized dividend and a yield of 2.90%. The ex-dividend date of this dividend is Monday, March 30th. View First Bancorp's dividend history.

What price target have analysts set for FBNC?

3 brokerages have issued twelve-month target prices for First Bancorp's shares. Their forecasts range from $42.00 to $42.00. On average, they anticipate First Bancorp's stock price to reach $42.00 in the next year. This suggests a possible upside of 68.9% from the stock's current price. View analysts' price targets for First Bancorp.

Has First Bancorp been receiving favorable news coverage?

News headlines about FBNC stock have trended very positive this week, InfoTrie reports. The research group identifies negative and positive media coverage by monitoring more than six thousand blog and news sources. The firm ranks coverage of public companies on a scale of -5 to 5, with scores closest to five being the most favorable. First Bancorp earned a media sentiment score of 3.5 on InfoTrie's scale. They also gave media coverage about the financial services provider a news buzz of 0.0 out of 10, meaning that recent media coverage is extremely unlikely to have an impact on the company's share price in the next few days. View the latest news aboutFirst Bancorp.

Are investors shorting First Bancorp?

First Bancorp saw a increase in short interest in the month of May. As of May 15th, there was short interest totaling 391,700 shares, an increase of 12.5% from the April 30th total of 348,300 shares. Based on an average daily trading volume, of 116,300 shares, the short-interest ratio is presently 3.4 days. Approximately 1.4% of the company's shares are short sold. View First Bancorp's Current Options Chain.

Who are some of First Bancorp's key competitors?

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), First Data (FDC), Apollo Global Management (APO) and China Unicom (Hong Kong) (CHU).

Who are First Bancorp's key executives?

First Bancorp's management team includes the following people:
  • Mr. Richard Hancock Moore, CEO & Director (Age 58)
  • Mr. Michael G. Mayer, Pres & Director (Age 58)
  • Mr. Eric P. Credle, Exec. VP & CFO (Age 51)
  • Ms. Elizabeth B. Bostian, Exec. VP & Sec.
  • Ms. Elsie M. Alvarez, Sr. VP of First Bank

What is First Bancorp's stock symbol?

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

Who are First Bancorp's major shareholders?

First Bancorp's stock is owned by many different retail and institutional investors. Top institutional shareholders include BlackRock Inc. (7.70%), Vaughan Nelson Investment Management L.P. (3.29%), Jennison Associates LLC (2.61%), State Street Corp (2.26%), Geode Capital Management LLC (1.55%) and Bank of New York Mellon Corp (1.54%). Company insiders that own First Bancorp stock include Dennis A Wicker, Eric P Credle, Frederick Leslie Taylor, Mary Clara Capel, Richard H Moore, Suzanne S Deferie, Thomas F Phillips and Virginia C Thomasson. View institutional ownership trends for First Bancorp.

Which institutional investors are selling First Bancorp stock?

FBNC stock was sold by a variety of institutional investors in the last quarter, including Vaughan Nelson Investment Management L.P., Morgan Stanley, Castine Capital Management LLC, Parametric Portfolio Associates LLC, Invesco Ltd., Natixis Advisors L.P., UBS Group AG, and State Street Corp. 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.

Which institutional investors are buying First Bancorp stock?

FBNC stock was acquired by a variety of institutional investors in the last quarter, including FDx Advisors Inc., FDx Advisors Inc., Penn Capital Management Co. Inc., Jennison Associates LLC, Bank of New York Mellon Corp, BlackRock Inc., Geode Capital Management LLC, and Federated Hermes Inc.. Company insiders that have bought First Bancorp stock in the last two years include Eric P Credle, Frederick Leslie Taylor, Richard H Moore, Suzanne S Deferie, and Virginia C Thomasson. View insider buying and selling activity for First Bancorp.

How do I buy shares of 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.

What is First Bancorp's stock price today?

One share of FBNC stock can currently be purchased for approximately $24.87.

How big of a company is First Bancorp?

First Bancorp has a market capitalization of $722.22 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.

What is First Bancorp's official website?

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

How can I contact First Bancorp?

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.

This page was last updated on 6/2/2020 by MarketBeat.com Staff

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