First Bancorp (NASDAQ:FBNC) – FIG Partners decreased their Q4 2018 earnings estimates for First Bancorp in a report issued on Wednesday, November 14th, Zacks Investment Research reports. FIG Partners analyst C. Marinac now anticipates that the financial services provider will post earnings per share of $0.74 for the quarter, down from their prior forecast of $0.75. FIG Partners also issued estimates for First Bancorp’s Q1 2019 earnings at $0.70 EPS and FY2019 earnings at $3.00 EPS.

First Bancorp (NASDAQ:FBNC) last released its earnings results on Tuesday, October 23rd. The financial services provider reported $0.74 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.74. First Bancorp had a return on equity of 10.92% and a net margin of 27.88%. The business had revenue of $67.22 million for the quarter, compared to the consensus estimate of $67.43 million.

A number of other research firms also recently weighed in on FBNC. BidaskClub downgraded First Bancorp from a “hold” rating to a “sell” rating in a research report on Friday, September 14th. Brean Capital restated a “buy” rating on shares of First Bancorp in a research note on Monday, August 27th. Zacks Investment Research cut shares of First Bancorp from a “buy” rating to a “hold” rating in a research note on Thursday, October 25th. Finally, Stephens restated a “hold” rating and set a $39.00 price target on shares of First Bancorp in a research note on Thursday, November 1st. One research analyst has rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $42.75.

FBNC stock traded down $0.26 during trading on Friday, reaching $35.73. 113,119 shares of the stock were exchanged, compared to its average volume of 72,857. First Bancorp has a twelve month low of $33.88 and a twelve month high of $43.14. The company has a market cap of $1.07 billion, a PE ratio of 19.31, a price-to-earnings-growth ratio of 1.01 and a beta of 1.00. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.55.

Several large investors have recently bought and sold shares of the company. Raymond James & Associates raised its stake in shares of First Bancorp by 11.7% in the second quarter. Raymond James & Associates now owns 12,157 shares of the financial services provider’s stock valued at $497,000 after acquiring an additional 1,269 shares during the last quarter. Teachers Advisors LLC raised its stake in shares of First Bancorp by 2.7% in the third quarter. Teachers Advisors LLC now owns 56,290 shares of the financial services provider’s stock valued at $2,280,000 after acquiring an additional 1,464 shares during the last quarter. Sei Investments Co. raised its stake in shares of First Bancorp by 43.9% in the second quarter. Sei Investments Co. now owns 5,061 shares of the financial services provider’s stock valued at $207,000 after acquiring an additional 1,544 shares during the last quarter. Russell Investments Group Ltd. raised its stake in shares of First Bancorp by 3.0% in the third quarter. Russell Investments Group Ltd. now owns 65,520 shares of the financial services provider’s stock valued at $2,652,000 after acquiring an additional 1,904 shares during the last quarter. Finally, Rhumbline Advisers raised its stake in shares of First Bancorp by 7.4% in the second quarter. Rhumbline Advisers now owns 30,825 shares of the financial services provider’s stock valued at $1,261,000 after acquiring an additional 2,124 shares during the last quarter. Institutional investors own 66.24% of the company’s stock.

In other news, insider Suzanne S. Deferie bought 5,000 shares of the business’s stock in a transaction dated Wednesday, September 19th. The stock was bought at an average price of $39.80 per share, for a total transaction of $199,000.00. Following the completion of the purchase, the insider now owns 132,545 shares of the company’s stock, valued at approximately $5,275,291. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Richard H. Moore bought 1,250 shares of the business’s stock in a transaction dated Wednesday, September 19th. The stock was purchased at an average price of $39.79 per share, with a total value of $49,737.50. Following the purchase, the chief executive officer now directly owns 139,935 shares of the company’s stock, valued at approximately $5,568,013.65. The disclosure for this purchase can be found here. 1.89% of the stock is owned by company insiders.

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 deposits and individual retirement accounts.

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Earnings History and Estimates for First Bancorp (NASDAQ:FBNC)

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