BidaskClub lowered shares of First Bancorp (NASDAQ:FNLC) from a hold rating to a sell rating in a research note released on Saturday, BidAskClub reports.

Separately, ValuEngine upgraded ZIX from a buy rating to a strong-buy rating in a research note on Saturday, May 4th.

NASDAQ:FNLC opened at $25.89 on Friday. First Bancorp has a 12 month low of $24.49 and a 12 month high of $31.61. The business’s 50 day moving average price is $25.60. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 0.05. The stock has a market cap of $282.20 million, a price-to-earnings ratio of 11.57 and a beta of 0.67.

First Bancorp (NASDAQ:FNLC) last posted its quarterly earnings data on Wednesday, April 17th. The bank reported $0.57 EPS for the quarter. First Bancorp had a return on equity of 12.77% and a net margin of 28.13%. The company had revenue of $16.04 million during the quarter.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 31st. Shareholders of record on Wednesday, July 10th will be paid a dividend of $0.30 per share. This is a positive change from First Bancorp’s previous quarterly dividend of $0.29. This represents a $1.20 annualized dividend and a yield of 4.63%. The ex-dividend date of this dividend is Tuesday, July 9th.

In other First Bancorp news, Director Katherine M. Boyd sold 1,697 shares of the business’s stock in a transaction that occurred on Monday, May 13th. The stock was sold at an average price of $25.72, for a total transaction of $43,646.84. Following the completion of the sale, the director now directly owns 34,773 shares in the company, valued at approximately $894,361.56. The transaction was disclosed in a document filed with the SEC, which is available through this link. 6.69% of the stock is currently owned by insiders.

Large investors have recently bought and sold shares of the business. BNP Paribas Arbitrage SA boosted its holdings in shares of First Bancorp by 512.7% during the 1st quarter. BNP Paribas Arbitrage SA now owns 2,126 shares of the bank’s stock worth $53,000 after purchasing an additional 1,779 shares during the last quarter. SG Americas Securities LLC acquired a new position in shares of First Bancorp during the 1st quarter worth approximately $104,000. Metropolitan Life Insurance Co. NY boosted its holdings in shares of First Bancorp by 384.4% during the 4th quarter. Metropolitan Life Insurance Co. NY now owns 3,972 shares of the bank’s stock worth $104,000 after purchasing an additional 3,152 shares during the last quarter. Bar Harbor Trust Services acquired a new position in shares of First Bancorp during the 1st quarter worth approximately $209,000. Finally, Bank of America Corp DE boosted its holdings in shares of First Bancorp by 23.4% during the 4th quarter. Bank of America Corp DE now owns 11,398 shares of the bank’s stock worth $300,000 after purchasing an additional 2,159 shares during the last quarter. Institutional investors own 32.86% of the company’s stock.

About First Bancorp

The First Bancorp, Inc operates as the holding company for First National Bank that provides a range of banking products and services to individual and corporate customers. The company offers various deposit products, including demand, NOW, savings, money market, and certificates of deposit accounts.

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