Wall Street analysts predict that First Bancorp (NASDAQ:FBNC) will announce earnings per share of $0.76 for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for First Bancorp’s earnings. The highest EPS estimate is $0.76 and the lowest is $0.75. First Bancorp posted earnings per share of $0.77 in the same quarter last year, which indicates a negative year over year growth rate of 1.3%. The firm is expected to report its next earnings results on Tuesday, July 23rd.

On average, analysts expect that First Bancorp will report full year earnings of $3.04 per share for the current financial year, with EPS estimates ranging from $3.00 to $3.10. For the next fiscal year, analysts expect that the firm will post earnings of $3.08 per share, with EPS estimates ranging from $3.00 to $3.15. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side analysts that follow First Bancorp.

First Bancorp (NASDAQ:FBNC) last released its earnings results on Tuesday, April 23rd. The financial services provider reported $0.75 earnings per share for the quarter, topping the consensus estimate of $0.71 by $0.04. The company had revenue of $68.24 million for the quarter, compared to the consensus estimate of $67.41 million. First Bancorp had a net margin of 30.44% and a return on equity of 12.22%.

A number of analysts recently issued reports on the stock. Zacks Investment Research raised shares of First Bancorp from a “sell” rating to a “hold” rating in a report on Tuesday, April 23rd. BidaskClub upgraded shares of First Bancorp from a “strong sell” rating to a “sell” rating in a research report on Saturday, April 13th. Brean Capital restated a “buy” rating on shares of First Bancorp in a research report on Monday, March 18th. FIG Partners upgraded shares of First Bancorp from a “market perform” rating to an “outperform” rating in a research report on Thursday, January 24th. Finally, Gabelli upgraded shares of First Bancorp from a “hold” rating to a “buy” rating and set a $44.00 target price for the company in a research report on Thursday, April 25th. Five equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $41.80.

NASDAQ:FBNC traded down $1.33 during trading hours on Monday, hitting $36.40. 71,287 shares of the company were exchanged, compared to its average volume of 100,675. The company has a market cap of $1.12 billion, a PE ratio of 12.09, a P/E/G ratio of 2.82 and a beta of 1.26. First Bancorp has a 52-week low of $30.50 and a 52-week high of $43.14. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.53.

Institutional investors and hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. grew its holdings in shares of First Bancorp by 1.2% in the third quarter. Vanguard Group Inc. now owns 1,380,010 shares of the financial services provider’s stock valued at $55,904,000 after purchasing an additional 16,619 shares during the period. AQR Capital Management LLC boosted its stake in First Bancorp by 10.9% during the third quarter. AQR Capital Management LLC now owns 37,715 shares of the financial services provider’s stock worth $1,528,000 after buying an additional 3,696 shares during the period. Federated Investors Inc. PA boosted its stake in First Bancorp by 38.9% during the third quarter. Federated Investors Inc. PA now owns 215,625 shares of the financial services provider’s stock worth $8,735,000 after buying an additional 60,430 shares during the period. Marshall Wace LLP purchased a new position in First Bancorp during the third quarter worth about $2,073,000. Finally, Macquarie Group Ltd. boosted its stake in First Bancorp by 17.2% during the fourth quarter. Macquarie Group Ltd. now owns 1,036,529 shares of the financial services provider’s stock worth $33,853,000 after buying an additional 152,422 shares during the period. 66.59% of the stock is owned by hedge funds and other institutional investors.

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 and Estimates for First Bancorp (NASDAQ:FBNC)

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