First Bancorp (FBNC) Receives Media Sentiment Score of 0.15
Media stories about First Bancorp (NASDAQ:FBNC) have been trending somewhat positive recently, according to Accern Sentiment. The research firm ranks the sentiment of news coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. First Bancorp earned a daily sentiment score of 0.15 on Accern’s scale. Accern also assigned news stories about the financial services provider an impact score of 46.276655629878 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
Several research analysts have weighed in on FBNC shares. Brean Capital set a $33.00 price target on shares of First Bancorp and gave the company a “buy” rating in a report on Wednesday, July 26th. Zacks Investment Research raised shares of First Bancorp from a “hold” rating to a “buy” rating and set a $36.00 price target on the stock in a report on Thursday, July 27th. ValuEngine raised shares of First Bancorp from a “hold” rating to a “buy” rating in a report on Friday, July 28th. Finally, Piper Jaffray Companies reissued an “overweight” rating and issued a $37.00 price target on shares of First Bancorp in a report on Thursday, October 5th. Five equities research analysts have rated the stock with a buy rating, The company currently has a consensus rating of “Buy” and an average price target of $36.25.
Shares of First Bancorp (NASDAQ:FBNC) traded down $0.01 on Friday, hitting $36.07. 101,400 shares of the stock traded hands, compared to its average volume of 92,919. First Bancorp has a 12 month low of $22.19 and a 12 month high of $37.42. The company has a market capitalization of $1,069.56, a PE ratio of 20.16, a PEG ratio of 1.42 and a beta of 1.08. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.05 and a quick ratio of 1.05.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 25th. Stockholders of record on Friday, September 29th were issued a dividend of $0.08 per share. The ex-dividend date was Thursday, September 28th. This represents a $0.32 annualized dividend and a dividend yield of 0.89%. First Bancorp’s dividend payout ratio is presently 18.60%.
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About First Bancorp
First Bancorp is the bank holding company for First Bank (the Bank). The Company’s principal activity is the ownership and operation of First Bank. The Bank engages in a range of banking activities, including the acceptance of deposits and the making of loans. The Bank offers credit cards, debit cards, letters of credit, safe deposit box rentals and electronic funds transfer services, including wire transfers.
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