Northern Trust Corp trimmed its stake in First Bancorp, Inc (ME) (NASDAQ:FNLC) by 1.8% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 122,752 shares of the bank’s stock after selling 2,218 shares during the quarter. Northern Trust Corp owned 1.13% of First Bancorp, Inc (ME) worth $3,322,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Alliancebernstein L.P. lifted its position in shares of First Bancorp, Inc (ME) by 15.8% in the second quarter. Alliancebernstein L.P. now owns 10,279 shares of the bank’s stock worth $278,000 after purchasing an additional 1,400 shares in the last quarter. Wells Fargo & Company MN lifted its position in shares of First Bancorp, Inc (ME) by 1.9% in the second quarter. Wells Fargo & Company MN now owns 13,825 shares of the bank’s stock worth $374,000 after purchasing an additional 259 shares in the last quarter. Menta Capital LLC purchased a new stake in shares of First Bancorp, Inc (ME) in the second quarter worth approximately $376,000. First Trust Advisors LP purchased a new stake in shares of First Bancorp, Inc (ME) in the second quarter worth approximately $459,000. Finally, Teachers Advisors LLC lifted its position in shares of First Bancorp, Inc (ME) by 21.9% in the second quarter. Teachers Advisors LLC now owns 19,071 shares of the bank’s stock worth $516,000 after purchasing an additional 3,427 shares in the last quarter. 31.60% of the stock is owned by institutional investors and hedge funds.

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First Bancorp, Inc (FNLC) opened at $29.37 on Friday. The firm has a market cap of $318.00, a P/E ratio of 16.88 and a beta of 0.66. The company has a current ratio of 0.78, a quick ratio of 0.78 and a debt-to-equity ratio of 0.64. First Bancorp, Inc has a 52-week low of $25.00 and a 52-week high of $33.21.

First Bancorp, Inc (ME) (NASDAQ:FNLC) last issued its quarterly earnings data on Wednesday, October 18th. The bank reported $0.46 earnings per share for the quarter. The firm had revenue of $15.45 million for the quarter. First Bancorp, Inc (ME) had a net margin of 26.51% and a return on equity of 10.68%.

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 31st. Investors of record on Friday, October 13th were given a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a yield of 3.27%. The ex-dividend date of this dividend was Thursday, October 12th. First Bancorp, Inc (ME)’s payout ratio is presently 55.17%.

In related news, Director Bruce B. Tindal sold 3,450 shares of the firm’s stock in a transaction that occurred on Thursday, October 19th. The shares were sold at an average price of $30.58, for a total transaction of $105,501.00. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 6.63% of the stock is currently owned by company insiders.

Separately, BidaskClub lowered shares of First Bancorp, Inc (ME) from a “sell” rating to a “strong sell” rating in a research report on Thursday, August 24th.

First Bancorp, Inc (ME) Profile

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.

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Institutional Ownership by Quarter for First Bancorp, Inc (ME) (NASDAQ:FNLC)

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