Should I buy or sell First Bancorp stock right now?

3 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for First Bancorp in the last twelve months. There are currently 1 hold rating and 2 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" FBNC shares. View FBNC analyst ratings or view top-rated stocks .

What is First Bancorp's stock price target for 2024?

3 analysts have issued twelve-month price objectives for First Bancorp's stock. Their FBNC share price targets range from $32.00 to $34.00. On average, they expect the company's stock price to reach $33.00 in the next year. This suggests a possible upside of 5.6% from the stock's current price. View analysts price targets for FBNC or view top-rated stocks among Wall Street analysts .

How have FBNC shares performed in 2024?

First Bancorp's stock was trading at $37.01 on January 1st, 2024. Since then, FBNC shares have decreased by 15.5% and is now trading at $31.26. View the best growth stocks for 2024 here .

When is First Bancorp's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, April 24th 2024. View our FBNC earnings forecast .

How were First Bancorp's earnings last quarter?

First Bancorp (NASDAQ:FBNC) released its quarterly earnings results on Wednesday, January, 24th. The financial services provider reported $0.72 EPS for the quarter, beating analysts' consensus estimates of $0.66 by $0.06. The financial services provider had revenue of $97.03 million for the quarter, compared to analysts' expectations of $99.63 million. First Bancorp had a trailing twelve-month return on equity of 7.97% and a net margin of 19.06%.

How often does First Bancorp pay dividends? What is the dividend yield for First Bancorp?

First Bancorp declared a quarterly dividend on Friday, March 15th. Investors of record on Sunday, March 31st will be given a dividend of $0.22 per share on Thursday, April 25th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.82%. The ex-dividend date is Wednesday, March 27th. Read our dividend analysis for FBNC .

Is First Bancorp a good dividend stock?

First Bancorp (NASDAQ:FBNC) pays an annual dividend of $0.88 per share and currently has a dividend yield of 2.82%. The dividend payout ratio is 34.78%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, FBNC will have a dividend payout ratio of 28.95% next year. This indicates that the company will be able to sustain or increase its dividend. Read our dividend analysis for FBNC .

What ETF holds First Bancorp's stock?

First Trust NASDAQ ABA Community Bank Index Fund holds 19,598 shares of FBNC stock, representing 0.87% of its portfolio.

What other stocks do shareholders of First Bancorp own?

Based on aggregate information from My MarketBeat watchlists, some companies that other First Bancorp investors own include Hawkins (HWKN) , Intelsat (I) , Fossil Group (FOSL) , Bank of America (BAC) , Associated British Foods (ABF) , Chaarat Gold (CGH) , AMC Entertainment (AMC) , Apollo Global Management (APO) , Ciena (CIEN) and First Data (FDC) .

Who are First Bancorp's major shareholders?

First Bancorp's stock is owned by a number of institutional and retail investors. Top institutional shareholders include Chatham Capital Group Inc. (0.08%) and GAMMA Investing LLC (0.00%). Insiders that own company stock include Carlie C Mclamb Jr , Dexter V Perry , Elizabeth B Bostian, J Randolph Potter, Mary Clara Capel , Mason Y Garrett, Michael Goodwin Mayer and Richard H Moore . View institutional ownership trends .

How do I buy shares of First Bancorp?

Shares of FBNC stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services. Compare Top Brokerages Here .

NASDAQ:FBNC

First Bancorp (FBNC) Stock Price, News & Analysis

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Free FBNC Stock Alerts

$31.26

+0.28 (+0.90%)

(As of 04/18/2024 ET)

Compare

Today's Range: $30.83
▼
$31.55
50-Day Range: $30.98
▼
$36.12
52-Week Range: $26.00
▼
$38.51

Volume: 168,090 shs
Average Volume: 140,940 shs
Market Capitalization: $1.29 billion

P/E Ratio: 12.36
Dividend Yield: 2.82%
Price Target: $33.00

Get First Bancorp alerts:

First Bancorp MarketRank™ Stock Analysis

Analyst Rating: Moderate Buy
2.67 Rating Score
Upside/Downside: 5.6% Upside
$33.00 Price Target
Short Interest: Bearish
2.63% of Shares Sold Short
Dividend Strength: Moderate
Based on Four Factors
Sustainability: N/A
News Sentiment: N/A
Insider Trading: N/A
Proj. Earnings Growth: 12.59%
From $2.70 to $3.04 Per Share

Overall MarketRank^™

New Rank-Based ScoringMarketRank^™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

1.85 out of 5 stars

Finance Sector

663rd out of 823 stocks

State Commercial Banks Industry

156th out of 172 stocks

1.3

Analyst's Opinion

Consensus Rating
First Bancorp has received a consensus rating of Moderate Buy. The company's average rating score is 2.67, and is based on 2 buy ratings, 1 hold rating, and no sell ratings.
Amount of Analyst Coverage
First Bancorp has received no research coverage in the past 90 days.

2.0

Short Interest

Percentage of Shares Shorted
2.63% of the outstanding shares of First Bancorp have been sold short.
Short Interest Ratio / Days to Cover
First Bancorp has a short interest ratio ("days to cover") of 7.8.
Change versus previous month
Short interest in First Bancorp has recently increased by 0.93%, indicating that investor sentiment is decreasing.

2.5

Dividend Strength

Dividend Yield
First Bancorp pays a meaningful dividend of 2.82%, higher than the bottom 25% of all stocks that pay dividends.
Dividend Growth
First Bancorp does not have a long track record of dividend growth.
Dividend Coverage
The dividend payout ratio of First Bancorp is 34.78%. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based on earnings estimates, First Bancorp will have a dividend payout ratio of 28.95% next year. This indicates that First Bancorp will be able to sustain or increase its dividend.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for FBNC.

1.3

News and Social Media Coverage

News Sentiment
First Bancorp has a news sentiment score of 0.33. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.57 average news sentiment score of Finance companies.
News Coverage This Week
MarketBeat has tracked 1 news article for First Bancorp this week, compared to 2 articles on an average week.

1.7

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, First Bancorp insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 3.65% of the stock of First Bancorp is held by insiders.
Percentage Held by Institutions
68.36% of the stock of First Bancorp is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

3.1

Earnings and Valuation

Earnings Growth
Earnings for First Bancorp are expected to grow by 12.59% in the coming year, from $2.70 to $3.04 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of First Bancorp is 12.36, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 142.12.
Price to Earnings Ratio vs. Sector
The P/E ratio of First Bancorp is 12.36, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 59.88.
Price to Book Value per Share Ratio
First Bancorp has a P/B Ratio of 0.94. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

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About First Bancorp Stock (NASDAQ:FBNC)

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. The company accepts deposit products, such as checking, savings, and money market accounts, as well as time deposits, including certificate of deposits and individual retirement accounts. It also offers loans for a range of consumer and commercial purposes comprising loans for business, real estate, personal, home improvement, and automobiles, as well as residential mortgages and small business administration loans; and accounts receivable financing and factoring, inventory financing, and purchase order financing services. In addition, the company provides credit and debit cards, letter of credits, and safe deposit box rental services, as well as electronic funds transfer services consisting of wire transfers; and internet and mobile banking, cash management, bank-by-phone services, and remote deposit capture services. Further, it offers investment and insurance products, such as mutual funds, annuities, long-term care insurance, life insurance, and company retirement plans, as well as property and casualty insurance products; and financial planning services. The company was founded in 1934 and is headquartered in Southern Pines, North Carolina.

FBNC Stock Price History

30 days | 90 days | 365 days | Advanced Chart

FBNC Stock News Headlines

April 16, 2024 | bizjournals.com

Foutch Brothers wage legal battle with bank over student housing building

April 9, 2024 | msn.com

S.F.'s First Republic Bank will cease to exist next month, following JP Morgan takeover

April 18, 2024 | Gold Safe Exchange (Ad)

The “Perfect Storm” for Gold

Gold has already reached all-time highs, and experts believe it's not slowing down any time soon. In fact, some analysts predict a $7,000 price tag by 2025.

March 21, 2024 | finance.yahoo.com

First Bancorp (NASDAQ:FBNC) Has Affirmed Its Dividend Of $0.22

March 17, 2024 | investing.com

First Bancorp announces $0.22 cash dividend per share

March 17, 2024 | investing.com

First Bancorp executive acquires shares worth $10,355

March 15, 2024 | prnewswire.com

First Bancorp Announces Cash Dividend

March 11, 2024 | msn.com

Opening date revealed for Lancashire’s first banking hub

April 18, 2024 | Gold Safe Exchange (Ad)

The “Perfect Storm” for Gold

Gold has already reached all-time highs, and experts believe it's not slowing down any time soon. In fact, some analysts predict a $7,000 price tag by 2025.

March 8, 2024 | bizjournals.com

ServisFirst Bank makes key hire for North Carolina growth push

March 5, 2024 | bizjournals.com

First Financial names new Greater Cincinnati commercial banking president

February 29, 2024 | globenewswire.com

First Bancorp of Indiana, Inc. Announces Quarterly Cash Dividend Payable March 15, 2024

February 22, 2024 | benzinga.com

First Bancorp Stock (NASDAQ:FBNC) Earnings Dates and Earning Calls

February 22, 2024 | fool.com

First Bancorp (NASDAQ: FBNC)

February 16, 2024 | wsj.com

First Bancorp (North Carolina)

February 15, 2024 | msn.com

Chase Bank to open its first East Tennessee branches in Knoxville and Maryville

January 29, 2024 | morningstar.com

North American Morning Briefing: Cautious Start to Fully-Booked Week

January 25, 2024 | finance.yahoo.com

First Bancorp (FBNC) Reports Q4 Earnings: What Key Metrics Have to Say

January 24, 2024 | finance.yahoo.com

First Bancorp (FBNC) Surpasses Q4 Earnings Estimates

January 24, 2024 | finance.yahoo.com

First Bancorp (FBNC) Reports Mixed Results Amidst GrandSouth Acquisition

January 24, 2024 | finance.yahoo.com

First Bancorp Reports Fourth Quarter and Annual Results

January 16, 2024 | finance.yahoo.com

First Bancorp (FBNC) Expected to Beat Earnings Estimates: What to Know Ahead of Q4 Release

January 8, 2024 | finance.yahoo.com

First Bancorp (NASDAQ:FBNC) investors are sitting on a loss of 9.3% if they invested a year ago

January 5, 2024 | seekingalpha.com

First Bancorp: A Quality Balance Sheet Justifies The 1.6x TBV Share Price

January 5, 2024 | gurufocus.com

First Bancorp Inc's Dividend Analysis

December 27, 2023 | msn.com

First Bancorp goes ex-dividend tomorrow

December 12, 2023 | msn.com

Ex-First Republic Bank employee sentenced for sabotaging former employer’s computer network

See More Headlines

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Company Calendar

Ex-Dividend for 1/25 Dividend: 12/28/2023
Last Earnings: 1/24/2024
Dividend Payable: 1/25/2024
Ex-Dividend for 4/25 Dividend: 3/27/2024
Today: 4/18/2024
Next Earnings (Estimated): 4/24/2024
Dividend Payable: 4/25/2024
Fiscal Year End: 12/31/2024

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: NASDAQ
Sector: Finance
Industry: State commercial banks
Sub-Industry: Regional Banks
Current Symbol: NASDAQ:FBNC
CUSIP: 31891010
CIK: 811589
Web: www.localfirstbank.com
Phone: (910) 246-2500
Fax: 910-576-0662
Employees: 1,445
Year Founded: 1948

Price Target and Rating

Average Stock Price Target: $33.00
High Stock Price Target: $34.00
Low Stock Price Target: $32.00
Potential Upside/Downside: +6.4%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.67
Research Coverage: 3 Analysts

Profitability

EPS (Most Recent Fiscal Year): $2.53
Trailing P/E Ratio: 12.26
Forward P/E Ratio: 11.49
P/E Growth: N/A
Net Income: $104.13 million
Net Margins: 19.06%
Pretax Margin: 24.16%
Return on Equity: 7.97%
Return on Assets: 0.86%

Debt

Debt-to-Equity Ratio: 0.46
Current Ratio: 0.83
Quick Ratio: 0.83

Sales & Book Value

Annual Sales: $546.25 million
Price / Sales: 2.33
Cash Flow: $3.27 per share
Price / Cash Flow: 9.48
Book Value: $33.40 per share
Price / Book: 0.93

Miscellaneous

Outstanding Shares: 41,130,000
Free Float: 39,633,000
Market Cap: $1.28 billion
Optionable: Optionable
Beta: 1.00

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Key Executives

Mr. Richard Hancock Moore (Age 63)
Chairman & CEO
Comp: $657.92k
Mr. Michael G. Mayer (Age 63)
President & Director
Comp: $974.79k
Ms. Elizabeth B. Bostian (Age 43)
Executive VP, General Counsel, CFO & Secretary
Comp: $545.77k
Mr. Gregory A. Currie (Age 45)
President of First Bank
Comp: $604.77k
Ms. Blaise Buczkowski (Age 60)
Executive VP, Chief Administrative Officer & Chief Accounting Officer

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

FBNC Stock Analysis - Frequently Asked Questions

Should I buy or sell First Bancorp stock right now?: 3 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for First Bancorp in the last twelve months. There are currently 1 hold rating and 2 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" FBNC shares.
View FBNC analyst ratings or view top-rated stocks.
What is First Bancorp's stock price target for 2024?: 3 analysts have issued twelve-month price objectives for First Bancorp's stock. Their FBNC share price targets range from $32.00 to $34.00. On average, they expect the company's stock price to reach $33.00 in the next year. This suggests a possible upside of 5.6% from the stock's current price.
View analysts price targets for FBNC or view top-rated stocks among Wall Street analysts.
How have FBNC shares performed in 2024?: First Bancorp's stock was trading at $37.01 on January 1st, 2024. Since then, FBNC shares have decreased by 15.5% and is now trading at $31.26.
View the best growth stocks for 2024 here.
When is First Bancorp's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Wednesday, April 24th 2024.
View our FBNC earnings forecast.
How were First Bancorp's earnings last quarter?: First Bancorp (NASDAQ:FBNC) released its quarterly earnings results on Wednesday, January, 24th. The financial services provider reported $0.72 EPS for the quarter, beating analysts' consensus estimates of $0.66 by $0.06. The financial services provider had revenue of $97.03 million for the quarter, compared to analysts' expectations of $99.63 million. First Bancorp had a trailing twelve-month return on equity of 7.97% and a net margin of 19.06%.
How often does First Bancorp pay dividends? What is the dividend yield for First Bancorp?: First Bancorp declared a quarterly dividend on Friday, March 15th. Investors of record on Sunday, March 31st will be given a dividend of $0.22 per share on Thursday, April 25th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.82%. The ex-dividend date is Wednesday, March 27th.
Read our dividend analysis for FBNC.

Is First Bancorp a good dividend stock?: First Bancorp (NASDAQ:FBNC) pays an annual dividend of $0.88 per share and currently has a dividend yield of 2.82%. The dividend payout ratio is 34.78%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, FBNC will have a dividend payout ratio of 28.95% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for FBNC.
What ETF holds First Bancorp's stock?: First Trust NASDAQ ABA Community Bank Index Fund holds 19,598 shares of FBNC stock, representing 0.87% of its portfolio.
What other stocks do shareholders of First Bancorp own?: Based on aggregate information from My MarketBeat watchlists, some companies that other First Bancorp investors own include Hawkins (HWKN), Intelsat (I), Fossil Group (FOSL), Bank of America (BAC), Associated British Foods (ABF), Chaarat Gold (CGH), AMC Entertainment (AMC), Apollo Global Management (APO), Ciena (CIEN) and First Data (FDC).
Who are First Bancorp's major shareholders?: First Bancorp's stock is owned by a number of institutional and retail investors. Top institutional shareholders include Chatham Capital Group Inc. (0.08%) and GAMMA Investing LLC (0.00%). Insiders that own company stock include Carlie C Mclamb Jr, Dexter V Perry, Elizabeth B Bostian, J Randolph Potter, Mary Clara Capel, Mason Y Garrett, Michael Goodwin Mayer and Richard H Moore.
View institutional ownership trends.
How do I buy shares of First Bancorp?: Shares of FBNC stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NASDAQ:FBNC) was last updated on 4/18/2024 by MarketBeat.com Staff

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First Bancorp (FBNC) Stock Price, News & Analysis

First Bancorp MarketRank™ Stock Analysis

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

News and Social Media Coverage

News Sentiment

News Coverage This Week

Company Ownership

Earnings and Valuation

About First Bancorp Stock (NASDAQ:FBNC)

FBNC Stock Price History

FBNC Stock News Headlines

Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Social Links

Key Executives

Key Competitors

Insiders & Institutions

FBNC Stock Analysis - Frequently Asked Questions

Overall MarketRank^™