First Bancorp, Inc (ME) (NASDAQ:FNLC) EVP Sells $183,144.00 in Stock

First Bancorp, Inc (ME) (NASDAQ:FNLC) EVP Sarah Tolman sold 5,200 shares of the company’s stock in a transaction on Tuesday, July 28th. The stock was sold at an average price of $35.22, for a total transaction of $183,144.00. Following the transaction, the executive vice president owned 2,191 shares of the company’s stock, valued at approximately $77,167.02. The trade was a 70.36% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link.

First Bancorp, Inc (ME) Stock Up 0.5%

FNLC stock opened at $35.10 on Friday. First Bancorp, Inc has a one year low of $24.08 and a one year high of $35.93. The stock has a market capitalization of $395.93 million, a PE ratio of 10.42 and a beta of 0.50. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.89 and a current ratio of 0.89. The company has a fifty day moving average of $32.54 and a 200-day moving average of $29.75.

First Bancorp, Inc (ME) (NASDAQ:FNLC) last issued its earnings results on Wednesday, July 22nd. The bank reported $0.85 earnings per share for the quarter. First Bancorp, Inc (ME) had a net margin of 21.43% and a return on equity of 13.43%. The business had revenue of $25.82 million for the quarter.

First Bancorp, Inc (ME) Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 17th. Investors of record on Tuesday, July 7th were given a $0.38 dividend. The ex-dividend date was Tuesday, July 7th. This is an increase from First Bancorp, Inc (ME)’s previous quarterly dividend of $0.37. This represents a $1.52 dividend on an annualized basis and a yield of 4.3%. First Bancorp, Inc (ME)’s payout ratio is 45.10%.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a “buy (b)” rating on shares of First Bancorp, Inc (ME) in a research report on Thursday, June 18th. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the company has a consensus rating of “Buy”.

Institutional Investors Weigh In On First Bancorp, Inc (ME)

A number of hedge funds and other institutional investors have recently bought and sold shares of FNLC. Russell Investments Group Ltd. boosted its position in shares of First Bancorp, Inc (ME) by 40.9% during the 4th quarter. Russell Investments Group Ltd. now owns 1,320 shares of the bank’s stock worth $35,000 after purchasing an additional 383 shares in the last quarter. BNP Paribas Financial Markets increased its holdings in shares of First Bancorp, Inc (ME) by 36.6% in the 2nd quarter. BNP Paribas Financial Markets now owns 1,548 shares of the bank’s stock valued at $39,000 after purchasing an additional 415 shares in the last quarter. PNC Financial Services Group Inc. increased its holdings in shares of First Bancorp, Inc (ME) by 27.7% in the 3rd quarter. PNC Financial Services Group Inc. now owns 2,004 shares of the bank’s stock valued at $53,000 after purchasing an additional 435 shares in the last quarter. Empowered Funds LLC lifted its stake in shares of First Bancorp, Inc (ME) by 7.0% in the first quarter. Empowered Funds LLC now owns 9,354 shares of the bank’s stock valued at $262,000 after purchasing an additional 608 shares during the period. Finally, Rhumbline Advisers lifted its stake in shares of First Bancorp, Inc (ME) by 3.9% in the second quarter. Rhumbline Advisers now owns 16,666 shares of the bank’s stock valued at $423,000 after purchasing an additional 632 shares during the period. Institutional investors and hedge funds own 40.41% of the company’s stock.

First Bancorp, Inc (ME) Company Profile

First Bancorp, Inc (NASDAQ: FNLC) is a Maine-based bank holding company headquartered in Dover-Foxcroft. Through its principal subsidiary, The First National Bank of Dover-Foxcroft, the company provides a full suite of community banking services to individuals, small businesses and nonprofit organizations. Its core deposit offerings include checking, savings, money market and certificate of deposit accounts, complemented by online and mobile banking platforms.

On the lending side, First Bancorp’s product portfolio spans consumer and residential mortgage loans as well as commercial and agricultural lending.