2 weeks Ago By Defense World Staff
Dimensional Fund Advisors LP boosted its position in shares of First Bancorp ( NASDAQ:FBNC – Free Report ) by 6.9% during the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 2,104,258 shares of the financial services provider’s stock after purchasing an additional 136,002 shares during the quarter.
Dimensional Fund Advisors LP owned about 5.11% of First Bancorp worth $67,166,000 at the end of the most recent reporting period. Several other institutional investors also recently bought and sold shares of FBNC.
Hsbc Holdings PLC purchased a new stake in First Bancorp during the 4th quarter valued at about $11,720,000. TFO Wealth Partners LLC increased its holdings in First Bancorp by 17,233.3% in the 4th quarter.
TFO Wealth Partners LLC now owns 1,560 shares of the financial services provider’s stock worth $58,000 after buying an additional 1,551 shares in the last quarter. Vanguard Group Inc. raised its position in First Bancorp by 1.
9% in the 4th quarter. Vanguard Group Inc. now owns 2,789,188 shares of the financial services provider’s stock worth $103,228,000 after buying an additional 52,812 shares during the last quarter.
PNC Financial Services Group Inc. lifted its stake in First Bancorp by 5.4% during the 4th quarter.
PNC Financial Services Group Inc. now owns 5,562 shares of the financial services provider’s stock valued at $206,000 after acquiring an additional 283 shares during the period. Finally, Chatham Capital Group Inc.
boosted its holdings in shares of First Bancorp by 13.7% during the 1st quarter. Chatham Capital Group Inc.
now owns 33,246 shares of the financial services provider’s stock valued at $1,201,000 after acquiring an additional 3,995 shares during the last quarter. 68.36% of the stock is owned by hedge funds and other institutional investors.
Analyst Ratings Changes FBNC has been the subject of several research reports. StockNews.com cut shares of First Bancorp from a “hold” rating to a “sell” rating in a report on Saturday, September 7th.
Keefe, Bruyette & Woods boosted their target price on shares of First Bancorp from $40.00 to $45.00 and gave the company an “outperform” rating in a research note on Thursday, July 25th.
Insider Transactions at First Bancorp In related news, Director Suzanne S. Deferie sold 17,750 shares of the stock in a transaction that occurred on Friday, September 20th. The shares were sold at an average price of $43.
96, for a total value of $780,290.00. Following the completion of the sale, the director now directly owns 67,654 shares of the company’s stock, valued at approximately $2,974,069.
84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink . In related news, Director Mason Y.
Garrett sold 22,800 shares of the company’s stock in a transaction on Friday, July 26th. The shares were sold at an average price of $43.41, for a total value of $989,748.
00. Following the completion of the transaction, the director now owns 196,416 shares of the company’s stock, valued at approximately $8,526,418.56.
The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link . Also, Director Suzanne S. Deferie sold 17,750 shares of the firm’s stock in a transaction dated Friday, September 20th.
The shares were sold at an average price of $43.96, for a total value of $780,290.00.
Following the sale, the director now directly owns 67,654 shares in the company, valued at $2,974,069.84. The disclosure for this sale can be found here .
Insiders have sold 42,586 shares of company stock valued at $1,859,154 over the last quarter. 3.65% of the stock is currently owned by company insiders.
First Bancorp Price Performance NASDAQ FBNC opened at $41.30 on Friday. The company has a 50-day moving average price of $41.
26 and a 200-day moving average price of $35.63. First Bancorp has a 52 week low of $26.
00 and a 52 week high of $45.41. The company has a quick ratio of 0.
82, a current ratio of 0.82 and a debt-to-equity ratio of 0.07.
The firm has a market capitalization of $1.70 billion, a P/E ratio of 14.91 and a beta of 1.
03. First Bancorp ( NASDAQ:FBNC – Get Free Report ) last released its quarterly earnings results on Wednesday, July 24th. The financial services provider reported $0.
70 earnings per share for the quarter, topping the consensus estimate of $0.59 by $0.11.
First Bancorp had a net margin of 20.17% and a return on equity of 8.39%.
The business had revenue of $143.42 million for the quarter, compared to the consensus estimate of $94.00 million.
Equities research analysts anticipate that First Bancorp will post 2.68 earnings per share for the current year. First Bancorp Announces Dividend The business also recently declared a quarterly dividend, which will be paid on Friday, October 25th.
Shareholders of record on Monday, September 30th will be given a $0.22 dividend. This represents a $0.
88 dividend on an annualized basis and a yield of 2.13%. The ex-dividend date of this dividend is Monday, September 30th.
First Bancorp’s payout ratio is 31.77%. About First Bancorp ( Free Report ) 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.
The company accepts deposit products, such as checking, savings, and money market accounts, as well as time deposits, including certificate of deposits and individual retirement accounts. Recommended Stories Five stocks we like better than First Bancorp The 3 Best Fintech Stocks to Buy Now Can Costco Stock Hit New Highs as Interest Rates Drop? The 3 Best Blue-Chip Stocks to Buy Now These 3 Stocks Show How to Navigate Declining Consumer Confidence What Does Downgrade Mean in Investing? MicroStrategy’s Returns Are 3X Higher Than Bitcoin: Time to Buy? Want to see what other hedge funds are holding FBNC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for First Bancorp ( NASDAQ:FBNC – Free Report ).
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