First Bancorp, Inc (ME) (NASDAQ:FNLC) Plans Quarterly Dividend of $0.37

First Bancorp, Inc (ME) (NASDAQ:FNLC) announced a quarterly dividend on Thursday, December 18th. Investors of record on Tuesday, January 6th will be given a dividend of 0.37 per share by the bank on Friday, January 16th. This represents a c) dividend on an annualized basis and a yield of 5.2%. The ex-dividend date is Tuesday, January 6th.

First Bancorp, Inc (ME) has decreased its dividend payment by an average of 0.0%per year over the last three years and has increased its dividend annually for the last 6 consecutive years.

First Bancorp, Inc (ME) Trading Up 0.2%

Shares of NASDAQ FNLC traded up $0.07 during trading hours on Friday, hitting $28.36. The company’s stock had a trading volume of 5,415 shares, compared to its average volume of 20,717. First Bancorp, Inc has a 12 month low of $22.11 and a 12 month high of $28.60. The stock has a market cap of $318.11 million, a price-to-earnings ratio of 10.05 and a beta of 0.60. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.87 and a current ratio of 0.87. The business has a 50-day simple moving average of $25.66 and a 200-day simple moving average of $25.77.

First Bancorp, Inc (ME) (NASDAQ:FNLC) last issued its quarterly earnings data on Wednesday, October 22nd. The bank reported $0.81 EPS for the quarter. First Bancorp, Inc (ME) had a net margin of 17.94% and a return on equity of 11.98%. The business had revenue of $25.31 million during the quarter.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “hold (c+)” rating on shares of First Bancorp, Inc (ME) in a research note on Monday. One analyst has rated the stock with a Hold rating, According to data from MarketBeat, the stock currently has a consensus rating of “Hold”.

About First Bancorp, Inc (ME)

The First Bancorp, Inc operates as the holding company for First National Bank that provides a range of banking products and services to individuals and businesses. It offers various deposit products, including demand, NOW, time, savings, money market, and certificates of deposit accounts. The company also provides commercial loans comprising commercial real estate owner occupied, such as mortgage loans to finance investments in real property such as retail space, offices, industrial buildings, hotels, educational facilities, and other specific or mixed use properties; commercial real estate non-owner occupied loans; commercial construction to finance construction in a mix of owner- and nonowner occupied commercial real estate properties; and commercial and industrial loans, including revolving and term loan for financing working capital and/or capital investment.