2 weeks Ago By Defense World Staff
First Bancorp ( NASDAQ:FBNC – Get Free Report ) was the target of a significant increase in short interest in the month of September. As of September 15th, there was short interest totalling 1,060,000 shares, an increase of 6.8% from the August 31st total of 992,700 shares.
Based on an average daily volume of 205,300 shares, the days-to-cover ratio is currently 5.2 days. Insiders Place Their Bets In other news, Director Suzanne S.
Deferie sold 2,036 shares of the company’s stock in a transaction dated Monday, September 23rd. The stock was sold at an average price of $43.77, for a total value of $89,115.
72. Following the completion of the transaction, the director now owns 65,618 shares of the company’s stock, valued at $2,872,099.86.
The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink . In other First Bancorp news, Director Mason Y. Garrett sold 22,800 shares of First Bancorp stock in a transaction on Friday, July 26th.
The shares were sold at an average price of $43.41, for a total transaction of $989,748.00.
Following the completion of the transaction, the director now directly owns 196,416 shares of the company’s stock, valued at $8,526,418.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link .
Also, Director Suzanne S. Deferie sold 2,036 shares of the company’s stock in a transaction dated Monday, September 23rd. The shares were sold at an average price of $43.
77, for a total transaction of $89,115.72. Following the transaction, the director now owns 65,618 shares in the company, valued at $2,872,099.
86. The disclosure for this sale can be found here . Insiders sold a total of 42,586 shares of company stock worth $1,859,154 over the last three months.
3.65% of the stock is currently owned by company insiders. Institutional Trading of First Bancorp A number of hedge funds have recently modified their holdings of the stock.
Sanctuary Advisors LLC purchased a new position in First Bancorp during the second quarter valued at $316,000. Truist Financial Corp lifted its stake in First Bancorp by 165.2% in the 2nd quarter.
Truist Financial Corp now owns 34,911 shares of the financial services provider’s stock valued at $1,114,000 after buying an additional 21,749 shares in the last quarter. The Manufacturers Life Insurance Company boosted its holdings in First Bancorp by 2.8% in the 2nd quarter.
The Manufacturers Life Insurance Company now owns 20,933 shares of the financial services provider’s stock worth $668,000 after buying an additional 566 shares during the last quarter. Squarepoint Ops LLC acquired a new position in shares of First Bancorp during the second quarter valued at approximately $698,000. Finally, Public Sector Pension Investment Board raised its holdings in shares of First Bancorp by 7.
6% during the second quarter. Public Sector Pension Investment Board now owns 90,632 shares of the financial services provider’s stock valued at $2,893,000 after acquiring an additional 6,366 shares during the last quarter. Hedge funds and other institutional investors own 68.
36% of the company’s stock. Analyst Upgrades and Downgrades Get Our Latest Stock Analysis on First Bancorp First Bancorp Stock Performance Shares of NASDAQ FBNC traded up $0.51 during midday trading on Monday, reaching $41.
59. The company had a trading volume of 151,617 shares, compared to its average volume of 163,417. First Bancorp has a 1 year low of $26.
00 and a 1 year high of $45.41. The business’s 50-day simple moving average is $41.
31 and its 200 day simple moving average is $35.71. The company has a current ratio of 0.
82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.07.
The stock has a market cap of $1.71 billion, a P/E ratio of 15.01 and a beta of 1.
03. First Bancorp ( NASDAQ:FBNC – Get Free Report ) last released its earnings results on Wednesday, July 24th. The financial services provider reported $0.
70 EPS for the quarter, topping analysts’ consensus estimates of $0.59 by $0.11.
First Bancorp had a return on equity of 8.39% and a net margin of 20.17%.
The firm had revenue of $143.42 million during the quarter, compared to the consensus estimate of $94.00 million.
On average, analysts forecast that First Bancorp will post 2.68 earnings per share for the current fiscal year. First Bancorp Dividend Announcement The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 25th.
Shareholders of record on Monday, September 30th will be paid a dividend of $0.22 per share. The ex-dividend date is Monday, September 30th.
This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.12%.
First Bancorp’s payout ratio is currently 31.77%. About First Bancorp ( Get 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. Read More Five stocks we like better than First Bancorp The Significance of Brokerage Rankings in Stock Selection TJX Stock: A Buying Opportunity Before the Holiday Rush What Are Dividend Challengers? Micron’s Blowout Results Pave the Way for Seagate’s Stock Surge NYSE Stocks Give Investors a Variety of Quality Options Zeta Global’s AI Cloud: Your Secret Weapon for Massive Growth Receive News & Ratings for First Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for First Bancorp and related companies with MarketBeat.com's FREE daily email newsletter .
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