Headlines about First Bancorp, Inc (ME) (NASDAQ:FNLC) have been trending somewhat positive on Wednesday, according to Accern. The research group identifies negative and positive news coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. First Bancorp, Inc (ME) earned a news impact score of 0.22 on Accern’s scale. Accern also gave news articles about the bank an impact score of 46.0269588946205 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.

Here are some of the news articles that may have effected Accern’s rankings:

Shares of First Bancorp, Inc (FNLC) traded up 0.06% during mid-day trading on Wednesday, hitting $31.16. 14,713 shares of the stock traded hands. The stock has a market cap of $337.21 million, a price-to-earnings ratio of 18.33 and a beta of 0.69. First Bancorp, Inc has a 52 week low of $22.87 and a 52 week high of $33.21. The firm’s 50-day moving average is $28.79 and its 200-day moving average is $27.05.

First Bancorp, Inc (ME) (NASDAQ:FNLC) last announced its quarterly earnings data on Wednesday, July 19th. The bank reported $0.45 earnings per share for the quarter. First Bancorp, Inc (ME) had a return on equity of 10.50% and a net margin of 26.77%. The firm had revenue of $14.67 million during the quarter.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 31st. Shareholders of record on Friday, October 13th will be given a $0.24 dividend. The ex-dividend date is Thursday, October 12th. This represents a $0.96 annualized dividend and a yield of 3.08%. First Bancorp, Inc (ME)’s payout ratio is currently 56.47%.

Separately, BidaskClub downgraded shares of First Bancorp, Inc (ME) from a “hold” rating to a “sell” rating in a research report on Tuesday, July 25th.

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In other First Bancorp, Inc (ME) news, EVP Steven Parady bought 1,260 shares of the firm’s stock in a transaction that occurred on Monday, July 31st. The stock was bought at an average price of $26.99 per share, for a total transaction of $34,007.40. Following the completion of the acquisition, the executive vice president now directly owns 49,117 shares in the company, valued at $1,325,667.83. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 6.63% of the stock is owned by corporate insiders.

About First Bancorp, Inc (ME)

The First Bancorp, Inc is the bank holding company of First National Bank (the Bank). The Bank offers a range of financial services to individuals and companies in coastal Maine. The Company, through First Advisors, a division of the Bank, offers a range of private banking, financial planning, investment management and trust services to individuals, businesses, non-profit organizations and municipalities of various asset sizes.

Insider Buying and Selling by Quarter for First Bancorp, Inc (ME) (NASDAQ:FNLC)

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