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NASDAQ:FBNC

First Bancorp (FBNC) Stock Price, News & Analysis

$31.75
+0.34 (+1.08%)
(As of 05/24/2024 ET)
Today's Range
$31.21
$31.76
50-Day Range
$30.41
$36.12
52-Week Range
$26.00
$38.51
Volume
127,003 shs
Average Volume
141,010 shs
Market Capitalization
$1.31 billion
P/E Ratio
11.46
Dividend Yield
2.77%
Price Target
$33.00

First Bancorp MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.67 Rating Score
Upside/​Downside
3.9% Upside
$33.00 Price Target
Short Interest
Bearish
2.82% of Shares Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
N/A
News Sentiment
0.84mentions of First Bancorp in the last 14 days
Based on 4 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
9.58%
From $2.61 to $2.86 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

2.39 out of 5 stars

Finance Sector

598th out of 861 stocks

State Commercial Banks Industry

141st out of 176 stocks

FBNC stock logo

About First Bancorp Stock (NASDAQ:FBNC)

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. The company accepts deposit products, such as checking, savings, and money market accounts, as well as time deposits, including certificate of deposits and individual retirement accounts. It 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 small business administration loans; and accounts receivable financing and factoring, inventory financing, and purchase order financing services. In addition, the company provides credit and debit cards, letter of credits, 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, it 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. The company was founded in 1934 and is headquartered in Southern Pines, North Carolina.

FBNC Stock Price History

FBNC Stock News Headlines

Best Places to Work 2024: First Bank
FNCB Stock Earnings: FNCB Bancorp Reported Results for Q1 2024
First Bancorp Reports First Quarter Results
First Bancorp Announces Cash Dividend
First Bancorp (NASDAQ: FBNC)
First Bancorp (North Carolina)
See More Headlines
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Company Calendar

Ex-Dividend for 4/25 Dividend
3/27/2024
Last Earnings
4/24/2024
Dividend Payable
4/25/2024
Today
5/25/2024
Next Earnings (Estimated)
7/24/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Sector
Finance
Industry
State commercial banks
Sub-Industry
Regional Banks
Current Symbol
NASDAQ:FBNC
CUSIP
31891010
Employees
1,445
Year Founded
1948

Price Target and Rating

Average Stock Price Target
$33.00
High Stock Price Target
$34.00
Low Stock Price Target
$32.00
Potential Upside/Downside
+3.9%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.67
Research Coverage
3 Analysts

Profitability

Net Income
$104.13 million
Pretax Margin
26.01%

Debt

Sales & Book Value

Annual Sales
$546.25 million
Cash Flow
$3.33 per share
Book Value
$33.42 per share

Miscellaneous

Free Float
39,667,000
Market Cap
$1.31 billion
Optionable
Optionable
Beta
1.02

Social Links

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Key Executives

  • Mr. Richard Hancock Moore (Age 63)
    Chairman & CEO
    Comp: $657.92k
  • Mr. Michael G. Mayer (Age 63)
    President & Director
    Comp: $974.79k
  • Ms. Elizabeth B. Bostian (Age 43)
    Executive VP, General Counsel, CFO & Secretary
    Comp: $545.77k
  • Mr. Gregory A. Currie (Age 46)
    President of First Bank
    Comp: $604.77k
  • Ms. Blaise Buczkowski (Age 60)
    Executive VP, Chief Administrative Officer & Chief Accounting Officer

FBNC Stock Analysis - 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 year. There are currently 1 hold rating and 2 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" FBNC shares.
View FBNC analyst ratings
or view top-rated stocks.

What is First Bancorp's stock price target for 2024?

3 brokers have issued 12 month price objectives for First Bancorp's stock. Their FBNC share price targets range from $32.00 to $34.00. On average, they anticipate the company's share price to reach $33.00 in the next twelve months. This suggests a possible upside of 3.9% 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 2024?

First Bancorp's stock was trading at $37.01 on January 1st, 2024. Since then, FBNC stock has decreased by 14.2% and is now trading at $31.75.
View the best growth stocks for 2024 here
.

When is First Bancorp's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, July 24th 2024.
View our FBNC earnings forecast
.

How were First Bancorp's earnings last quarter?

First Bancorp (NASDAQ:FBNC) issued its quarterly earnings data on Wednesday, April, 24th. The financial services provider reported $0.61 EPS for the quarter, missing analysts' consensus estimates of $0.64 by $0.03. The financial services provider earned $92.17 million during the quarter, compared to the consensus estimate of $96.12 million. First Bancorp had a trailing twelve-month return on equity of 8.62% and a net margin of 20.58%.

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

First Bancorp declared a quarterly dividend on Friday, March 15th. Stockholders of record on Sunday, March 31st will be given a dividend of $0.22 per share on Thursday, April 25th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.77%. The ex-dividend date is Wednesday, March 27th.
Read our dividend analysis for FBNC
.

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 2.80%. The dividend payout ratio is 31.77%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, FBNC will have a dividend payout ratio of 30.77% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for FBNC.

What ETF holds First Bancorp's stock?

First Trust NASDAQ ABA Community Bank Index Fund holds 17,322 shares of FBNC stock, representing 0.79% of its portfolio.

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).

Who are First Bancorp's major shareholders?

First Bancorp's stock is owned by a number of institutional and retail investors. Top institutional investors include Vanguard Group Inc. (6.81%), Westwood Holdings Group Inc. (4.44%), Jennison Associates LLC (2.53%), William Blair Investment Management LLC (1.65%), Principal Financial Group Inc. (0.52%) and Peregrine Capital Management LLC (0.44%). Insiders that own company stock include Carlie C Mclamb Jr, Dexter V Perry, Elizabeth B Bostian, J Randolph Potter, Mary Clara Capel, Mason Y Garrett, Michael Goodwin Mayer and Richard H Moore.
View institutional ownership trends
.

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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NASDAQ:FBNC) was last updated on 5/25/2024 by MarketBeat.com Staff

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