First Bancorp, Inc (ME) (NASDAQ:FNLC) Director Kimberly Swan Buys 1,500 Shares

First Bancorp, Inc (ME) (NASDAQ:FNLC) Director Kimberly Swan bought 1,500 shares of the business’s stock in a transaction dated Thursday, April 30th. The stock was purchased at an average price of $28.69 per share, for a total transaction of $43,035.00. Following the acquisition, the director directly owned 14,470 shares of the company’s stock, valued at approximately $415,144.30. The trade was a 11.57% increase in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

First Bancorp, Inc (ME) Trading Up 1.4%

NASDAQ:FNLC traded up $0.39 during mid-day trading on Friday, reaching $28.85. 3,464 shares of the company’s stock traded hands, compared to its average volume of 19,796. First Bancorp, Inc has a 12-month low of $23.36 and a 12-month high of $30.33. The firm has a market capitalization of $325.12 million, a price-to-earnings ratio of 8.90 and a beta of 0.52. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.88 and a quick ratio of 0.88. The company has a 50 day moving average price of $28.31 and a 200-day moving average price of $27.18.

First Bancorp, Inc (ME) (NASDAQ:FNLC) last announced its quarterly earnings results on Wednesday, April 22nd. The bank reported $0.80 earnings per share (EPS) for the quarter. First Bancorp, Inc (ME) had a return on equity of 13.23% and a net margin of 20.34%.The company had revenue of $25.14 million for the quarter.

First Bancorp, Inc (ME) Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, April 17th. Investors of record on Tuesday, April 7th were issued a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a yield of 5.1%. The ex-dividend date was Tuesday, April 7th. First Bancorp, Inc (ME)’s payout ratio is currently 45.68%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Invesco Ltd. grew its holdings in shares of First Bancorp, Inc (ME) by 10.3% during the 4th quarter. Invesco Ltd. now owns 8,551 shares of the bank’s stock worth $226,000 after acquiring an additional 799 shares during the period. Empowered Funds LLC boosted its position in shares of First Bancorp, Inc (ME) by 7.9% in the 4th quarter. Empowered Funds LLC now owns 8,746 shares of the bank’s stock worth $231,000 after purchasing an additional 642 shares in the last quarter. Millennium Management LLC boosted its position in shares of First Bancorp, Inc (ME) by 19.8% in the 4th quarter. Millennium Management LLC now owns 12,232 shares of the bank’s stock worth $323,000 after purchasing an additional 2,021 shares in the last quarter. Bridgeway Capital Management LLC boosted its position in shares of First Bancorp, Inc (ME) by 230.0% in the 4th quarter. Bridgeway Capital Management LLC now owns 30,046 shares of the bank’s stock worth $794,000 after purchasing an additional 20,942 shares in the last quarter. Finally, Trexquant Investment LP boosted its position in shares of First Bancorp, Inc (ME) by 56.9% in the 4th quarter. Trexquant Investment LP now owns 26,514 shares of the bank’s stock worth $701,000 after purchasing an additional 9,619 shares in the last quarter. Hedge funds and other institutional investors own 40.41% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings upgraded First Bancorp, Inc (ME) from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday, February 4th. One analyst has rated the stock with a Buy rating, According to MarketBeat, First Bancorp, Inc (ME) has an average rating of “Buy”.

First Bancorp, Inc (ME) Company Profile

First Bancorp, Inc (NASDAQ: FNLC) is a Maine-based bank holding company headquartered in Dover-Foxcroft. Through its principal subsidiary, The First National Bank of Dover-Foxcroft, the company provides a full suite of community banking services to individuals, small businesses and nonprofit organizations. Its core deposit offerings include checking, savings, money market and certificate of deposit accounts, complemented by online and mobile banking platforms.

On the lending side, First Bancorp’s product portfolio spans consumer and residential mortgage loans as well as commercial and agricultural lending.