ValuEngine lowered shares of First Bancorp (NYSE:FBP) from a buy rating to a hold rating in a research report report published on Sunday morning.

Several other analysts also recently weighed in on FBP. Citigroup upgraded First Bancorp from a neutral rating to a buy rating in a research report on Thursday, December 21st. Zacks Investment Research downgraded First Bancorp from a hold rating to a sell rating in a research report on Friday, November 10th. Piper Jaffray Companies reiterated a buy rating and set a $7.50 target price on shares of First Bancorp in a research report on Friday, November 10th. Bank of America decreased their target price on First Bancorp from $7.00 to $6.00 and set a neutral rating for the company in a research report on Wednesday, November 8th. Finally, TheStreet downgraded First Bancorp from a b- rating to a c rating in a research report on Tuesday, November 7th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the stock. The company currently has a consensus rating of Hold and an average price target of $6.50.

Shares of First Bancorp (NYSE FBP) opened at $5.08 on Friday. First Bancorp has a 52-week low of $4.48 and a 52-week high of $7.02. The firm has a market capitalization of $1,096.01, a price-to-earnings ratio of 16.93, a PEG ratio of 1.67 and a beta of 1.93. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.03 and a current ratio of 1.03.

Large investors have recently added to or reduced their stakes in the company. BlackRock Inc. increased its stake in shares of First Bancorp by 9.8% during the second quarter. BlackRock Inc. now owns 19,334,736 shares of the bank’s stock valued at $111,947,000 after buying an additional 1,721,947 shares during the period. Vanguard Group Inc. increased its stake in shares of First Bancorp by 7.0% during the second quarter. Vanguard Group Inc. now owns 15,613,136 shares of the bank’s stock valued at $90,400,000 after buying an additional 1,027,469 shares during the period. Dimensional Fund Advisors LP increased its stake in shares of First Bancorp by 7.9% during the third quarter. Dimensional Fund Advisors LP now owns 11,713,522 shares of the bank’s stock valued at $59,974,000 after buying an additional 860,841 shares during the period. Frontier Capital Management Co. LLC increased its stake in shares of First Bancorp by 11.4% during the third quarter. Frontier Capital Management Co. LLC now owns 10,598,957 shares of the bank’s stock valued at $54,267,000 after buying an additional 1,083,233 shares during the period. Finally, FMR LLC increased its stake in shares of First Bancorp by 10.0% during the second quarter. FMR LLC now owns 7,918,617 shares of the bank’s stock valued at $45,849,000 after buying an additional 718,217 shares during the period. Institutional investors and hedge funds own 90.29% of the company’s stock.

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First Bancorp Company Profile

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