First Bancorp (NASDAQ:FBNC) Director Mary Clara Capel Sells 900 Shares

First Bancorp (NASDAQ:FBNC) Director Mary Clara Capel sold 900 shares of the stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $36.25, for a total value of $32,625.00. Following the completion of the sale, the director now directly owns 14,012 shares in the company, valued at $507,935. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Mary Clara Capel also recently made the following trade(s):

  • On Friday, June 14th, Mary Clara Capel sold 1,000 shares of First Bancorp stock. The stock was sold at an average price of $36.30, for a total value of $36,300.00.
  • On Friday, May 31st, Mary Clara Capel sold 1,000 shares of First Bancorp stock. The stock was sold at an average price of $35.50, for a total value of $35,500.00.

Shares of NASDAQ:FBNC traded down $0.80 on Friday, hitting $35.38. The company’s stock had a trading volume of 726 shares, compared to its average volume of 66,476. First Bancorp has a 12 month low of $30.50 and a 12 month high of $43.14. The firm has a market capitalization of $1.11 billion, a P/E ratio of 11.83, a price-to-earnings-growth ratio of 2.54 and a beta of 1.19. The company’s 50-day moving average price is $36.14. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.52.

First Bancorp (NASDAQ:FBNC) last announced its earnings results on Wednesday, July 24th. The financial services provider reported $0.80 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.77 by $0.03. First Bancorp had a return on equity of 12.03% and a net margin of 30.19%. The business had revenue of $70.40 million during the quarter, compared to analysts’ expectations of $69.62 million. On average, equities research analysts expect that First Bancorp will post 3.12 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, July 25th. Investors of record on Sunday, June 30th were paid a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 1.36%. The ex-dividend date of this dividend was Thursday, June 27th. First Bancorp’s dividend payout ratio is currently 15.95%.

Several institutional investors and hedge funds have recently bought and sold shares of the company. Jennison Associates LLC increased its holdings in shares of First Bancorp by 15.3% during the 1st quarter. Jennison Associates LLC now owns 600,557 shares of the financial services provider’s stock valued at $20,875,000 after acquiring an additional 79,910 shares during the last quarter. Vaughan Nelson Investment Management L.P. grew its holdings in shares of First Bancorp by 22.7% during the 1st quarter. Vaughan Nelson Investment Management L.P. now owns 1,296,300 shares of the financial services provider’s stock worth $45,059,000 after purchasing an additional 239,475 shares in the last quarter. Bank of New York Mellon Corp grew its holdings in shares of First Bancorp by 3.9% during the 4th quarter. Bank of New York Mellon Corp now owns 198,867 shares of the financial services provider’s stock worth $6,495,000 after purchasing an additional 7,483 shares in the last quarter. Metropolitan Life Insurance Co. NY lifted its position in shares of First Bancorp by 382.9% during the 4th quarter. Metropolitan Life Insurance Co. NY now owns 9,638 shares of the financial services provider’s stock worth $315,000 after buying an additional 7,642 shares during the period. Finally, Raymond James Financial Services Advisors Inc. lifted its position in shares of First Bancorp by 3.4% during the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 30,417 shares of the financial services provider’s stock worth $1,057,000 after buying an additional 994 shares during the period. 66.08% of the stock is owned by institutional investors.

Several equities research analysts have weighed in on the company. Zacks Investment Research raised First Bancorp from a “hold” rating to a “buy” rating and set a $41.00 target price on the stock in a research report on Tuesday. ValuEngine lowered First Bancorp from a “hold” rating to a “sell” rating in a research report on Tuesday, July 2nd. BidaskClub raised First Bancorp from a “sell” rating to a “hold” rating in a research report on Saturday, July 27th. Finally, Gabelli raised First Bancorp from a “hold” rating to a “buy” rating and set a $44.00 target price on the stock in a research report on Thursday, April 25th. One analyst has rated the stock with a sell rating, two have issued a hold rating and five have issued a buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $40.25.

About First Bancorp

First Bancorp operates as the bank holding company for First Bank that provides banking products and services for individuals and small to medium-sized businesses primarily in North Carolina and northeastern South Carolina. It accepts deposit products, such as checking, savings, and money market accounts, as well as time deposits, including certificates of deposit and individual retirement accounts.

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Insider Buying and Selling by Quarter for First Bancorp (NASDAQ:FBNC)

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