First Bancorp (FBNC) Earns Daily Coverage Optimism Rating of 0.12
Headlines about First Bancorp (NASDAQ:FBNC) have been trending somewhat positive recently, Accern Sentiment reports. The research firm identifies positive and negative media coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. First Bancorp earned a media sentiment score of 0.12 on Accern’s scale. Accern also gave media headlines about the financial services provider an impact score of 46.8211066835394 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
First Bancorp (NASDAQ:FBNC) traded up $0.11 during trading hours on Friday, reaching $34.76. The company’s stock had a trading volume of 69,700 shares, compared to its average volume of 93,140. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.71. The company has a market capitalization of $1,027.16, a price-to-earnings ratio of 19.36, a price-to-earnings-growth ratio of 1.36 and a beta of 1.08. First Bancorp has a 12-month low of $20.45 and a 12-month high of $37.42.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, October 25th. Shareholders of record on Friday, September 29th were paid a $0.08 dividend. The ex-dividend date of this dividend was Thursday, September 28th. This represents a $0.32 annualized dividend and a yield of 0.92%. First Bancorp’s dividend payout ratio is 18.60%.
Several analysts recently issued reports on the company. Brean Capital reiterated a “buy” rating on shares of First Bancorp in a report on Tuesday, October 31st. Zacks Investment Research upgraded First Bancorp from a “hold” rating to a “buy” rating and set a $36.00 target price on the stock in a report on Thursday, July 27th. ValuEngine upgraded First Bancorp from a “hold” rating to a “buy” rating in a report on Friday, July 28th. Finally, Piper Jaffray Companies reiterated an “overweight” rating and set a $37.00 target price on shares of First Bancorp in a report on Thursday, October 5th. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. First Bancorp has an average rating of “Buy” and a consensus target price of $36.25.
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First Bancorp Company Profile
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 Bank engages in a range of banking activities, including the acceptance of deposits and the making of loans. The Bank offers credit cards, debit cards, letters of credit, safe deposit box rentals and electronic funds transfer services, including wire transfers.
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