1 week Ago By ABMN Staff
Trexquant Investment LP bought a new stake in The First Bancorp, Inc. ( NASDAQ:FNLC – Free Report ) during the 4th quarter, Holdings Channel.com reports.
The fund bought 9,742 shares of the bank’s stock, valued at approximately $266,000. A number of other large investors have also added to or reduced their stakes in FNLC. Geode Capital Management LLC grew its position in shares of First Bancorp by 0.
7% in the 3rd quarter. Geode Capital Management LLC now owns 225,659 shares of the bank’s stock worth $5,940,000 after buying an additional 1,599 shares during the last quarter. State Street Corp grew its holdings in First Bancorp by 1.
0% in the third quarter. State Street Corp now owns 214,144 shares of the bank’s stock worth $5,636,000 after purchasing an additional 2,156 shares during the last quarter. JPMorgan Chase & Co.
grew its holdings in First Bancorp by 75.0% in the fourth quarter. JPMorgan Chase & Co.
now owns 39,121 shares of the bank’s stock worth $1,070,000 after purchasing an additional 16,767 shares during the last quarter. Stifel Financial Corp increased its position in shares of First Bancorp by 28.3% during the third quarter.
Stifel Financial Corp now owns 36,604 shares of the bank’s stock worth $963,000 after purchasing an additional 8,079 shares in the last quarter. Finally, Barclays PLC lifted its holdings in shares of First Bancorp by 80.1% during the 3rd quarter.
Barclays PLC now owns 23,135 shares of the bank’s stock valued at $608,000 after purchasing an additional 10,288 shares during the last quarter. 40.41% of the stock is currently owned by institutional investors.
First Bancorp Stock Up 0.6 % Shares of FNLC stock opened at $22.73 on Monday.
The stock’s fifty day moving average price is $25.04 and its 200 day moving average price is $26.36.
The First Bancorp, Inc. has a 1-year low of $21.77 and a 1-year high of $31.
05. The company has a market cap of $254.49 million, a price-to-earnings ratio of 9.
39 and a beta of 0.48. The company has a debt-to-equity ratio of 0.
37, a current ratio of 0.85 and a quick ratio of 0.85.
First Bancorp Announces Dividend The business also recently declared a quarterly dividend, which will be paid on Friday, April 18th. Shareholders of record on Tuesday, April 8th will be issued a $0.36 dividend.
The ex-dividend date of this dividend is Tuesday, April 8th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 6.
34%. First Bancorp’s dividend payout ratio is currently 59.50%.
First Bancorp Company Profile ( Free Report ) 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.
Recommended Stories Want to see what other hedge funds are holding FNLC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The First Bancorp, Inc. ( NASDAQ:FNLC – Free Report ).
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