First Bancorp (FBNC) Stock Price Up 4.4%
First Bancorp (NASDAQ:FBNC) shares rose 4.4% on Tuesday . The company traded as high as $19.91 and last traded at $19.78, with a volume of 76,844 shares trading hands. The stock had previously closed at $18.95.
FBNC has been the topic of a number of research reports. Zacks Investment Research raised First Bancorp from a “sell” rating to a “hold” rating in a report on Wednesday, April 27th. FIG Partners lowered First Bancorp from an “outperform” rating to a “market perform” rating and increased their price objective for the company from $22.00 to $22.50 in a report on Wednesday, May 11th. Finally, Keefe, Bruyette & Woods reissued a “market perform” rating and issued a $20.00 price objective on shares of First Bancorp in a report on Sunday, June 26th. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $22.17.
The company has a 50 day moving average of $18.63 and a 200-day moving average of $18.99. The company has a market cap of $400.94 million and a PE ratio of 14.55.
First Bancorp (NASDAQ:FBNC) last released its earnings results on Tuesday, July 26th. The financial services provider reported $0.37 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.35 by $0.03. On average, equities research analysts predict that First Bancorp will post $1.17 EPS for the current year.
In other First Bancorp news, Director James C. Crawford III purchased 2,000 shares of the firm’s stock in a transaction on Monday, August 15th. The stock was bought at an average cost of $18.63 per share, with a total value of $37,260.00. Following the acquisition, the director now directly owns 59,777 shares of the company’s stock, valued at $1,113,645.51. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Richard H. Moore purchased 2,800 shares of the firm’s stock in a transaction on Friday, June 24th. The shares were acquired at an average cost of $17.78 per share, with a total value of $49,784.00. Following the completion of the acquisition, the chief executive officer now directly owns 95,317 shares in the company, valued at $1,694,736.26. The disclosure for this purchase can be found here.
First Bancorp is the bank holding company for First Bank (the Bank). The Company’s principal activity is the ownership and operation of First Bank. The Company engages in a range of banking activities, including the acceptance of deposits and the making of loans. The Company offers credit cards, debit cards, letters of credit, safe deposit box rentals and electronic funds transfer services, including wire transfers.
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