First Bancorp (FBP) Shares Up 3.5%
First Bancorp (NYSE:FBP) shot up 3.5% during mid-day trading on Friday . The company traded as high as $5.00 and last traded at $5.00, with a volume of 376,958 shares changing hands. The stock had previously closed at $4.83.
A number of brokerages have issued reports on FBP. TheStreet raised shares of First Bancorp from a “hold” rating to a “buy” rating in a report on Wednesday, August 17th. Zacks Investment Research cut shares of First Bancorp from a “buy” rating to a “hold” rating in a report on Wednesday, July 27th.
The stock has a market cap of $1.06 billion and a PE ratio of 14.37. The firm has a 50-day moving average of $4.62 and a 200-day moving average of $3.78.
First Bancorp (NYSE:FBP) last posted its quarterly earnings results on Tuesday, July 26th. The company reported $0.10 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.10. During the same quarter in the previous year, the firm posted ($0.16) EPS. Equities analysts expect that First Bancorp will post $0.41 EPS for the current year.
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