First Bancorp (FBNC) To Go Ex-Dividend on March 31st

First Bancorp (NASDAQ:FBNC) announced a quarterly dividend on Tuesday, January 27th. Shareholders of record on Tuesday, March 31st will be paid a dividend of 0.24 per share by the financial services provider on Friday, April 24th. This represents a c) dividend on an annualized basis and a yield of 1.7%. The ex-dividend date of this dividend is Tuesday, March 31st. This is a 4.3% increase from First Bancorp’s previous quarterly dividend of $0.23.

First Bancorp has raised its dividend by an average of 0.0%per year over the last three years. First Bancorp has a payout ratio of 24.1% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect First Bancorp to earn $3.48 per share next year, which means the company should continue to be able to cover its $0.92 annual dividend with an expected future payout ratio of 26.4%.

First Bancorp Price Performance

Shares of FBNC stock opened at $56.80 on Thursday. First Bancorp has a twelve month low of $34.50 and a twelve month high of $62.31. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.06. The stock has a fifty day simple moving average of $53.29 and a two-hundred day simple moving average of $51.88. The stock has a market capitalization of $2.36 billion, a price-to-earnings ratio of 21.19 and a beta of 0.89.

First Bancorp (NASDAQ:FBNC) last released its quarterly earnings data on Wednesday, January 21st. The financial services provider reported $1.19 earnings per share for the quarter, beating the consensus estimate of $1.03 by $0.16. First Bancorp had a return on equity of 10.57% and a net margin of 19.24%.The firm had revenue of $83.90 million during the quarter, compared to the consensus estimate of $123.43 million. On average, analysts predict that First Bancorp will post 3.27 EPS for the current fiscal year.

About First Bancorp

First Bancorp operates as the bank holding company for First Bank, offering a broad range of commercial and consumer banking services. Its core offerings include business lending, treasury and cash management, residential and commercial mortgage financing, and consumer deposit products. Through its subsidiary, First Bank provides online and branch-based banking solutions, including checking and savings accounts, certificate of deposits, and digital banking tools designed to meet the needs of individuals, small- to mid-sized businesses, and professional institutions.

The company maintains a network of full-service banking centers and loan production offices across North Carolina and South Carolina, with a focus on markets in the Piedmont, Sandhills and coastal regions.