NASDAQ:FNLCFirst Bancorp Stock Price, Forecast & News

$20.61

-0.46 (-2.18 %)

(As of 05/29/2020 04:00 PM ET)

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Today's Range

$19.75

Now: $20.61▼

$21.06

50-Day Range

$18.45

MA: $20.56▼

$23.88

52-Week Range

$17.62

Now: $20.61▼

$30.64

Volume27,146 shs

Average Volume21,785 shs

Market Capitalization$225.27 million

P/E Ratio8.66

Dividend Yield5.82%

Beta0.72

The First Bancorp, Inc. operates as the holding company for First National Bank that provides a range of banking products and services to individual and corporate customers. The company offers various deposit products, including demand, NOW, savings, money market, and certificates of deposit accounts. It also provides commercial 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; loans to finance construction of owner- and non-owner occupied commercial real estate properties; and revolving and term loan obligations to business and corporate enterprises for the purpose of financing working capital or capital investment. In addition, the company 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, it provides private banking, financial planning, investment management, and trust services to individuals, businesses, non-profit organizations, and municipalities. The First Bancorp, Inc. operates through 16 full-service banking offices in Lincoln, Knox, Hancock, Washington, and Penobscot 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.

Beat the Market (BTM) Rank^™

0.0 Analyst's Opinion

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

2.3 Community Rank

Outperform Votes
First Bancorp has received 181 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
First Bancorp has received 205 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
First Bancorp has received 53.11% “underperform” votes from our community.

MarketBeat's community ratings are surveys of what our community members think about First Bancorp and other stocks. Vote “Outperform” if you believe FNLC will outperform the S&P 500 over the long term. Vote “Underperform” if you believe FNLC will underperform the S&P 500 over the long term. You may vote once every thirty days.

2.5 Dividend Strength

Dividend Leadership
First Bancorp is a leading dividend payer. It pays a dividend yield of 5.82%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
First Bancorp has been increasing its dividend for 6 years.

3.0 Company Ownership

Insider Buying vs. Insider Selling
In the past three months, First Bancorp insiders have bought more of their company's stock than they have sold. Specifically, they have bought $125,880.00 in company stock and sold $0.00 in company stock.
Percentage Held by Insiders
Only 8.29% of the stock of First Bancorp is held by insiders.
Percentage Held by Institutions
Only 33.60% 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 8.66, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 13.76.
Price to Earnings Ratio vs. Sector
The P/E ratio of First Bancorp is 8.66, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 15.09.
Price to Book Value per Share Ratio
First Bancorp has a P/B Ratio of 1.05. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Overall Beat the Market Rank^™

1.81 out of 5 stars

Industry, Sector and Symbol

Stock Exchange NASDAQ

Industry National commercial banks

Sub-IndustryRegional Banks

SectorFinance

Current SymbolNASDAQ:FNLC

Previous Symbol

CUSIP31866P10

CIK765207

Webwww.thefirst.com

Phone207-563-3195

Debt

Debt-to-Equity Ratio0.26

Current Ratio0.75

Quick Ratio0.75

Price-To-Earnings

Trailing P/E Ratio8.66

Forward P/E RatioN/A

P/E GrowthN/A

Sales & Book Value

Annual Sales$92.84 million

Price / Sales2.43

Cash Flow$2.65 per share

Price / Cash Flow7.77

Book Value$19.70 per share

Price / Book1.05

Profitability

EPS (Most Recent Fiscal Year)N/A

Net Income$25.52 million

Net Margins27.13%

Return on Equity12.30%

Return on Assets1.26%

Miscellaneous

Employees235

Outstanding Shares10,930,000

Market Cap$225.27 million

Next Earnings Date7/15/2020 (Estimated)

OptionableOptionable

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First Bancorp (NASDAQ:FNLC) Frequently Asked Questions

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

First Bancorp's stock was trading at $22.70 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization (WHO). Since then, FNLC stock has decreased by 9.2% and is now trading at $20.61. View which stocks have been most impacted by Coronavirus.

When is First Bancorp's next earnings date?

First Bancorp is scheduled to release its next quarterly earnings announcement on Wednesday, July 15th 2020. View our earnings forecast for First Bancorp.

How were First Bancorp's earnings last quarter?

First Bancorp Inc (NASDAQ:FNLC) released its quarterly earnings results on Wednesday, April, 22nd. The bank reported $0.60 earnings per share for the quarter. The bank earned $19.14 million during the quarter. First Bancorp had a net margin of 27.13% and a return on equity of 12.30%. 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 Thursday, March 26th. Stockholders of record on Friday, April 10th will be paid a dividend of $0.30 per share on Monday, April 20th. This represents a $1.20 annualized dividend and a yield of 5.82%. The ex-dividend date is Wednesday, April 8th. View First Bancorp's dividend history.

Has First Bancorp been receiving favorable news coverage?

Media coverage about FNLC stock has trended very negative this week, InfoTrie reports. The research firm rates the sentiment of media coverage by analyzing more than six thousand blog and news sources in real time. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores closest to five being the most favorable. First Bancorp earned a media sentiment score of -3.0 on InfoTrie's scale. They also gave news headlines about the bank a news buzz of 10.0 out of 10, indicating that recent media coverage is extremely likely to have an effect on the stock's share price in the next few days. View the latest news aboutFirst Bancorp.

Who are some of First Bancorp's key competitors?

Some companies that are related to First Bancorp include Truist Financial (TFC), PNC Financial Services Group (PNC), SunTrust Banks (STI), First Republic Bank (FRC), Fifth Third Bancorp (FITB), M&T Bank (MTB), KeyCorp (KEY), SVB Financial Group (SIVB), Regions Financial (RF), Huntington Bancshares (HBAN), Commerce Bancshares (CBSH), Prosperity Bancshares (PB), Signature Bank (SBNY), Zions Bancorporation NA (ZION) and East West Bancorp (EWBC). View all 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 Mastercard (MA), Main Street Capital (MAIN), Exxon Mobil (XOM), AbbVie (ABBV), Boeing (BA), Enterprise Products Partners (EPD), Energy Transfer LP Unit (ET), IBM (IBM), Altria Group (MO) and NVIDIA (NVDA).

Who are First Bancorp's key executives?

First Bancorp's management team includes the following people:

Mr. Tony C. McKim, Pres, CEO & Director (Age 52)
Mr. Richard M. Elder, Exec. VP, CFO & Treasurer (Age 54)
Ms. Susan A. Norton, CRA Officer & Compliance Officer (Age 59)
Mr. Charles A. Wootton, Exec. VP & Clerk (Age 63)

What is First Bancorp's stock symbol?

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

Who are First Bancorp's major shareholders?

First Bancorp's stock is owned by a variety of institutional and retail investors. Top institutional investors include The Manufacturers Life Insurance Company (3.84%), State Street Corp (1.75%), Geode Capital Management LLC (1.14%), Bank of New York Mellon Corp (0.80%), Foundry Partners LLC (0.74%) and Morgan Stanley (0.71%). Company insiders that own First Bancorp stock include Charles A Wootton, Katherine M Boyd, Mark N Rosborough, Steven Parady, Stuart G Smith, Susan A Norton and Tony C Mckim. View institutional ownership trends for First Bancorp.

Which major investors are selling First Bancorp stock?

FNLC stock was sold by a variety of institutional investors in the last quarter, including The Manufacturers Life Insurance Company , Morgan Stanley, State Street Corp, UBS Group AG, Bank of New York Mellon Corp, Naples Global Advisors LLC, Strs Ohio, and Deutsche Bank AG. Company insiders that have sold First Bancorp company stock in the last year include Charles A Wootton, Steven Parady, Stuart G Smith, and Tony C Mckim. View insider buying and selling activity for First Bancorp.

Which major investors are buying First Bancorp stock?

FNLC stock was purchased by a variety of institutional investors in the last quarter, including Geode Capital Management LLC, Rhumbline Advisers, JPMorgan Chase & Co., Wells Fargo & Company MN, Nuveen Asset Management LLC, Parametric Portfolio Associates LLC, Citigroup Inc., and Alliancebernstein L.P.. Company insiders that have bought First Bancorp stock in the last two years include Mark N Rosborough, Steven Parady, Stuart G Smith, and Tony C Mckim. View insider buying and selling activity for First Bancorp.

How do I buy shares of First Bancorp?

Shares of FNLC 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 FNLC stock can currently be purchased for approximately $20.61.

How big of a company is First Bancorp?

First Bancorp has a market capitalization of $225.27 million and generates $92.84 million in revenue each year. First Bancorp employs 235 workers across the globe.

What is First Bancorp's official website?

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

How can I contact First Bancorp?

First Bancorp's mailing address is MAIN STREET, DAMARISCOTTA ME, 04543. The bank can be reached via phone at 207-563-3195 or via email at w.

This page was last updated on 5/31/2020 by MarketBeat.com Staff