First Bancorp (NYSE:FBP) shares hit a new 52-week high during trading on Monday . The company traded as high as $5.01 and last traded at $4.98, with a volume of 269,665 shares trading hands. The stock had previously closed at $4.87.

A number of research analysts recently commented on FBP shares. Zacks Investment Research raised First Bancorp from a “hold” rating to a “buy” rating and set a $5.00 price target for the company in a report on Tuesday, July 12th. TheStreet raised First Bancorp from a “hold” rating to a “buy” rating in a report on Wednesday, August 17th.

The firm has a market capitalization of $1.05 billion and a PE ratio of 14.17. The company’s 50-day moving average price is $4.58 and its 200 day moving average price is $3.76.

First Bancorp (NYSE:FBP) last posted its earnings results on Tuesday, July 26th. The company reported $0.10 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.10. During the same period in the prior year, the business earned ($0.16) EPS. On average, analysts forecast that First Bancorp will post $0.41 EPS for the current fiscal year.

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