NASDAQ:FNLC

First Bancorp - FNLC Stock Forecast, Price & News

$27.76

-0.24 (-0.86%)

(As of 09/29/2022 12:00 AM ET)

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Today's Range: $27.67
▼
$28.23
50-Day Range: $27.75
▼
$31.32
52-Week Range: $27.52
▼
$36.80

Volume: 9,692 shs
Average Volume: 12,341 shs
Market Capitalization: $306.19 million

P/E Ratio: 7.98
Dividend Yield: 4.86%
Price Target: N/A

First Bancorp MarketRank™ Forecast

Analyst Rating: N/A
Upside/Downside: N/A
Short Interest: Healthy
1.15% of Float Sold Short
Dividend Strength: Moderate
Based on Four Factors
Sustainability: N/A
News Sentiment: 1.11
Based on 7 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: N/A

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

1.81 out of 5 stars

Finance Sector

829th out of 926 stocks

National Commercial Banks Industry

86th out of 89 stocks

N/A

Analyst's Opinion

Consensus Rating
There is not enough analysis data for First Bancorp.

3.0

Short Interest

Percentage of Shares Shorted
1.15% of the float of First Bancorp has been sold short.
Short Interest Ratio / Days to Cover
First Bancorp has a short interest ratio ("days to cover") of 8.3.
Change versus previous month
Short interest in First Bancorp has recently decreased by 3.23%, indicating that investor sentiment is improving.

2.5

Dividend Strength

Dividend Leadership
First Bancorp is a leading dividend payer. It pays a dividend yield of 4.86%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
First Bancorp has only been increasing its dividend for 3 years.
Dividend Coverage
The dividend payout ratio of First Bancorp is 39.08%. This payout ratio is at a healthy, sustainable level, below 75%.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for FNLC.

2.8

News and Social Media Coverage

News Sentiment
First Bancorp has a news sentiment score of 1.11. 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 higher news sentiment than the 0.61 average news sentiment score of Finance companies.
News Coverage This Week
MarketBeat has tracked 7 news articles for First Bancorp this week, compared to 0 articles on an average week.

0.0

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, First Bancorp insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 5.81% of the stock of First Bancorp is held by insiders.
Percentage Held by Institutions
Only 38.89% of the stock of First Bancorp is held by institutions.

1.3

Earnings and Valuation

Price to Earnings Ratio vs. the Market
The P/E ratio of First Bancorp is 7.98, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 113.63.
Price to Earnings Ratio vs. Sector
The P/E ratio of First Bancorp is 7.98, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 153.68.
Price to Book Value per Share Ratio
First Bancorp has a P/B Ratio of 1.24. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About First Bancorp (NASDAQ:FNLC) Stock

The First Bancorp, Inc. operates as the holding company for First National Bank that provides a range of banking products and services to individuals and businesses. It offers various deposit products, including demand, NOW, savings, money market, and certificates of deposit accounts. The company also provides commercial real estate loan products, such as mortgage loans to finance investments in real property comprising multi-family residential, commercial/retail, office, industrial, hotel, educational, and other specific or mixed use properties; commercial construction loans to finance construction of owner- and non-owner occupied commercial real estate properties; and other commercial loans, which include revolving and term loan obligations to business and corporate enterprises for the purpose of financing working capital or capital investment. In addition, it offers municipal loans for capitalized expenditures, construction projects, or tax-anticipation notes; residential term loans that include amortizing home mortgages and construction loans, which include loans for owner-occupied residential construction; home equity loans and lines of credit; and consumer loans, which are amortizing loans to individuals collateralized by automobiles, pleasure crafts, and recreation vehicles, as well as unsecured short-term time notes. Further, the company provides private banking, financial planning, investment management, and trust services to individuals, businesses, non-profit organizations, and municipalities, as well as payment processing services. It operates through 18 full-service banking offices in Lincoln, Knox, Waldo, Penobscot, Hancock, and Washington counties in the Mid-Coast, Eastern, and Down East regions of Maine. The company was formerly known as First National Lincoln Corporation and changed its name to The First Bancorp, Inc. in April 2008. The First Bancorp, Inc. was founded in 1864 and is based in Damariscotta, Maine.

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FNLC Stock News Headlines

September 29, 2022 | msn.com

Monday Is Your Last Chance To Buy First Bancorp Before The Dividend Payout

September 26, 2022 | finance.yahoo.com

The First Bancorp, Inc. (NASDAQ:FNLC) insider upped their holding by 249% earlier this year

September 22, 2022 | americanbankingnews.com

First Bancorp (NASDAQ:FNLC) Upgraded to "Buy" by StockNews.com

September 16, 2022 | benzinga.com

First Bancorp Stock (NASDAQ:FNLC), Analyst Ratings, Price Targets, Predictions

September 8, 2022 | bizjournals.com

Pinnacle Financial Partners plans first foray into Greater Cincinnati

September 7, 2022 | uk.finance.yahoo.com

The First Bancorp, Inc. (FNLC)

August 25, 2022 | marketwatch.com

First Republic Bank Hires Financial Chief From MUFG Union Bank

August 22, 2022 | benzinga.com

First Federal Bank of Kansas City releases new online banking and mobile app

August 19, 2022 | msn.com

First Citizens Bank ATM workers pepper sprayed, robbed; suspects wanted

August 19, 2022 | nasdaq.com

First Bancorp (NASDAQ:FNLC) Ticks All The Boxes When It Comes To Earnings Growth

August 16, 2022 | seekingalpha.com

First Bancorp: A Strong-Performing Bank With A 4%+ Dividend Yield

August 11, 2022 | bizjournals.com

WSFS named official bank of the Philadelphia Union as part of its first major sports partnership

August 11, 2022 | finance.yahoo.com

Do Institutions Own The First Bancorp, Inc. (NASDAQ:FNLC) Shares?

August 11, 2022 | bizjournals.com

To sell or not to sell: The Vernon Hill era is over, but where does Republic First go from here?

August 9, 2022 | finance.yahoo.com

Madonna Resumes Leadership of Republic First Bancorp

July 20, 2022 | finance.yahoo.com

The First Bancorp Second Quarter Earnings Increase 13.8%

July 5, 2022 | finance.yahoo.com

First Bancorp (NASDAQ:FNLC) Has Announced That It Will Be Increasing Its Dividend To US$0.34

June 27, 2022 | finance.yahoo.com

Those who invested in First Bancorp (NASDAQ:FNLC) three years ago are up 31%

June 21, 2022 | benzinga.com

First Federal Bank Accomplishes 60 Days of Giving

June 21, 2022 | bizjournals.com

Here are the Republic First institutional shareholders that could decide the bank's future

June 15, 2022 | msn.com

Group of federal lawmakers seeks to block First Horizon-TD Bank Group merger

May 14, 2022 | seekingalpha.com

First Republic Bank Continues To Cushion The Blow Of Inflationary Pressures

April 20, 2022 | seekingalpha.com

First Bancorp GAAP EPS of $0.88, revenue of $22.85M

April 20, 2022 | finance.yahoo.com

The First Bancorp First Quarter Earnings Increase 8.8%

April 19, 2022 | finance.yahoo.com

A The First Bancorp, Inc. (NASDAQ:FNLC) insider increased their holdings by 249% last year

See More Headlines

30 days | 90 days | 365 days | Advanced Chart

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FNLC Company Calendar

Ex-Dividend for 7/22 Dividend: 7/08/2022
Last Earnings: 7/20/2022
Dividend Payable: 7/22/2022
Today: 9/30/2022
Ex-Dividend for 10/21 Dividend: 10/04/2022
Next Earnings (Estimated): 10/19/2022
Dividend Payable: 10/21/2022
Fiscal Year End: 12/31/2022

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Industry, Sector and Symbol

Stock Exchange: NASDAQ
Industry: National commercial banks
Sub-Industry: Regional Banks
Sector: Finance
Current Symbol: NASDAQ:FNLC
CUSIP: 31866P10
CIK: 765207
Web: www.thefirst.com
Phone: (207) 563-3195
Fax: 207-563-6853
Employees: 267
Year Founded: 1864

Profitability

EPS (Most Recent Fiscal Year): $3.48
Trailing P/E Ratio: 7.98
Forward P/E Ratio: N/A
P/E Growth: N/A
Net Income: $36.27 million
Net Margins: 38.63%
Pretax Margin: 46.89%
Return on Equity: 16.18%
Return on Assets: 1.50%

Debt

Debt-to-Equity Ratio: N/A
Current Ratio: 0.77
Quick Ratio: 0.77

Sales & Book Value

Annual Sales: $96.46 million
Price / Sales: 3.17
Cash Flow: $3.70 per share
Price / Cash Flow: 7.50
Book Value: $22.36 per share
Price / Book: 1.24

Miscellaneous

Outstanding Shares: 11,030,000
Free Float: 10,393,000
Market Cap: $306.19 million
Optionable: Optionable
Beta: 0.51

Social Links

Key Executives

Mr. Tony C. McKim (Age 55)
Pres, CEO & Director
Comp: $965.27k

Mr. Richard M. Elder (Age 57)
Exec. VP, CFO & Treasurer
Comp: $348.19k

Ms. Susan A. Norton (Age 62)
Clerk, CRA Officer, BSA Officer & Compliance Officer
Comp: $374.08k

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

FNLC Stock - Frequently Asked Questions

How have FNLC shares performed in 2022?: First Bancorp's stock was trading at $31.40 on January 1st, 2022. Since then, FNLC stock has decreased by 11.6% and is now trading at $27.76.
View the best growth stocks for 2022 here.
When is First Bancorp's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Wednesday, October 19th 2022.
View our FNLC earnings forecast.
How were First Bancorp's earnings last quarter?: The First Bancorp, Inc. (NASDAQ:FNLC) issued its quarterly earnings results on Wednesday, July, 20th. The bank reported $0.91 earnings per share for the quarter. The bank had revenue of $22.78 million for the quarter. First Bancorp had a trailing twelve-month return on equity of 16.18% and a net margin of 38.63%.
How often does First Bancorp pay dividends? What is the dividend yield for First Bancorp?: First Bancorp declared a quarterly dividend on Wednesday, September 21st. Stockholders of record on Wednesday, October 5th will be paid a dividend of $0.34 per share on Friday, October 21st. This represents a $1.36 dividend on an annualized basis and a yield of 4.90%. The ex-dividend date is Tuesday, October 4th.
Read our dividend analysis for FNLC.
Is First Bancorp a good dividend stock?: First Bancorp (NASDAQ:FNLC) pays an annual dividend of $1.36 per share and currently has a dividend yield of 4.86%. FNLC has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company has been increasing its dividend for 3 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 39.08%. This payout ratio is at a healthy, sustainable level, below 75%.
Read our dividend analysis for FNLC.

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 Main Street Capital (MAIN), Boeing (BA), Mastercard (MA), NVIDIA (NVDA), International Business Machines (IBM), AT&T (T), AbbVie (ABBV), Delphi Technologies (DLPH), Enterprise Products Partners (EPD) and Energy Transfer (ET).
What is First Bancorp's stock symbol?: First Bancorp trades on the NASDAQ under the ticker symbol "FNLC."
How do I buy shares of First Bancorp?: Shares of FNLC 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 FNLC stock can currently be purchased for approximately $27.76.
How much money does First Bancorp make?: First Bancorp (NASDAQ:FNLC) has a market capitalization of $306.30 million and generates $96.46 million in revenue each year. The bank earns $36.27 million in net income (profit) each year or $3.48 on an earnings per share basis.
How many employees does First Bancorp have?: The company employs 267 workers across the globe.
How can I contact First Bancorp?: First Bancorp's mailing address is MAIN STREET, DAMARISCOTTA ME, 04543. The official website for the company is www.thefirst.com. The bank can be reached via phone at (207) 563-3195, via email at w, or via fax at 207-563-6853.

This page (NASDAQ:FNLC) was last updated on 9/30/2022 by MarketBeat.com Staff

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First Bancorp - FNLC Stock Forecast, Price & News

First Bancorp MarketRank™ Forecast

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month