First Bancorp (NASDAQ:FBNC) is scheduled to release its earnings data before the market opens on Wednesday, April 25th. Analysts expect First Bancorp to post earnings of $0.60 per share for the quarter.
First Bancorp (NASDAQ:FBNC) last issued its quarterly earnings results on Monday, January 29th. The financial services provider reported $0.44 earnings per share for the quarter, missing the consensus estimate of $0.53 by ($0.09). The company had revenue of $63.72 million during the quarter, compared to analyst estimates of $64.12 million. First Bancorp had a net margin of 20.32% and a return on equity of 8.43%. On average, analysts expect First Bancorp to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.
Shares of FBNC stock opened at $35.79 on Wednesday. The stock has a market capitalization of $1,068.95, a PE ratio of 19.35, a P/E/G ratio of 1.00 and a beta of 1.11. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.59. First Bancorp has a 1-year low of $27.50 and a 1-year high of $41.76.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 25th. Stockholders of record on Friday, March 30th will be paid a $0.10 dividend. This is a boost from First Bancorp’s previous quarterly dividend of $0.08. The ex-dividend date of this dividend is Wednesday, March 28th. This represents a $0.40 annualized dividend and a dividend yield of 1.12%. First Bancorp’s dividend payout ratio is presently 21.62%.
Several equities research analysts recently commented on the company. BidaskClub raised First Bancorp from a “buy” rating to a “strong-buy” rating in a research note on Saturday, April 7th. Brean Capital reaffirmed a “buy” rating on shares of First Bancorp in a research note on Thursday, April 5th. Zacks Investment Research cut First Bancorp from a “buy” rating to a “hold” rating in a research note on Tuesday, February 13th. ValuEngine raised First Bancorp from a “hold” rating to a “buy” rating in a research note on Sunday, December 31st. Finally, Keefe, Bruyette & Woods reaffirmed a “buy” rating and set a $41.00 target price on shares of First Bancorp in a research note on Friday, December 22nd. Two research analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. First Bancorp has a consensus rating of “Buy” and a consensus price target of $39.50.
In related news, Director Mary Clara Capel sold 2,250 shares of the firm’s stock in a transaction that occurred on Wednesday, March 21st. The stock was sold at an average price of $37.05, for a total transaction of $83,362.50. Following the completion of the sale, the director now owns 13,746 shares of the company’s stock, valued at $509,289.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 2.30% of the company’s stock.
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About First Bancorp
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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