First Bancorp (NASDAQ:FBNC) posted its quarterly earnings data on Wednesday. The financial services provider reported $0.71 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.78 by ($0.07), Fidelity Earnings reports. The company had revenue of $69.28 million during the quarter, compared to the consensus estimate of $68.73 million. First Bancorp had a net margin of 30.74% and a return on equity of 11.87%.

FBNC traded down $2.11 during trading on Thursday, hitting $35.28. 2,545 shares of the stock were exchanged, compared to its average volume of 68,939. The firm has a 50 day simple moving average of $39.56 and a 200 day simple moving average of $37.30. The firm has a market cap of $1.12 billion, a price-to-earnings ratio of 11.11, a P/E/G ratio of 3.71 and a beta of 1.13. First Bancorp has a 1 year low of $33.34 and a 1 year high of $41.34. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.97 and a current ratio of 0.97.

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 24th. Stockholders of record on Tuesday, December 31st will be issued a $0.18 dividend. This represents a $0.72 annualized dividend and a dividend yield of 2.04%. This is an increase from First Bancorp’s previous quarterly dividend of $0.12. The ex-dividend date is Monday, December 30th. First Bancorp’s dividend payout ratio is presently 23.92%.

In other First Bancorp news, Director Dennis A. Wicker sold 11,758 shares of the firm’s stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $38.34, for a total transaction of $450,801.72. Following the transaction, the director now directly owns 20,842 shares in the company, valued at approximately $799,082.28. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Mary Clara Capel sold 1,000 shares of the firm’s stock in a transaction on Monday, November 25th. The stock was sold at an average price of $39.25, for a total value of $39,250.00. Following the transaction, the director now owns 13,012 shares in the company, valued at $510,721. The disclosure for this sale can be found here. Insiders have sold a total of 13,521 shares of company stock worth $520,953 over the last 90 days. 2.37% of the stock is currently owned by company insiders.

Several equities research analysts have recently issued reports on FBNC shares. Zacks Investment Research raised First Bancorp from a “hold” rating to a “buy” rating and set a $45.00 price objective for the company in a research note on Friday, December 13th. ValuEngine upgraded First Bancorp from a “sell” rating to a “hold” rating in a report on Thursday, January 16th. One equities research analyst has rated the stock with a hold rating and six have issued a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $43.67.

First Bancorp Company Profile

First Bancorp operates as the bank holding company for First Bank that provides banking products and services for individuals and small to medium-sized businesses primarily in North Carolina and northeastern South Carolina. It accepts deposit products, such as checking, savings, and money market accounts, as well as time deposits, including certificates of deposit and individual retirement accounts.

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Earnings History for First Bancorp (NASDAQ:FBNC)

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