SG Americas Securities LLC Has $151,000 Stock Holdings in The First Bancorp, Inc. (NASDAQ:FNLC)

SG Americas Securities LLC raised its holdings in shares of The First Bancorp, Inc. (NASDAQ:FNLC) by 25.2% in the 4th quarter, HoldingsChannel reports. The firm owned 5,337 shares of the bank’s stock after buying an additional 1,073 shares during the period. SG Americas Securities LLC’s holdings in First Bancorp were worth $151,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also added to or reduced their stakes in the company. Northern Trust Corp raised its stake in First Bancorp by 1.5% in the third quarter. Northern Trust Corp now owns 80,598 shares of the bank’s stock valued at $1,894,000 after purchasing an additional 1,153 shares in the last quarter. Stifel Financial Corp raised its stake in First Bancorp by 19.1% in the third quarter. Stifel Financial Corp now owns 37,413 shares of the bank’s stock valued at $879,000 after purchasing an additional 5,993 shares in the last quarter. FMR LLC raised its stake in First Bancorp by 2.6% in the third quarter. FMR LLC now owns 224,889 shares of the bank’s stock valued at $5,285,000 after purchasing an additional 5,748 shares in the last quarter. SouthState Corp bought a new position in First Bancorp in the third quarter valued at about $38,000. Finally, Bank of New York Mellon Corp grew its position in First Bancorp by 1.7% in the third quarter. Bank of New York Mellon Corp now owns 97,661 shares of the bank’s stock valued at $2,295,000 after acquiring an additional 1,613 shares during the last quarter. Institutional investors and hedge funds own 40.41% of the company’s stock.

First Bancorp Stock Down 0.9 %

First Bancorp stock opened at $22.02 on Wednesday. The stock has a market cap of $245.08 million, a PE ratio of 8.28 and a beta of 0.56. The business’s 50-day moving average price is $23.50 and its two-hundred day moving average price is $24.66. The First Bancorp, Inc. has a 12-month low of $21.77 and a 12-month high of $29.16.

First Bancorp (NASDAQ:FNLC) last posted its quarterly earnings data on Wednesday, January 24th. The bank reported $0.60 EPS for the quarter. The company had revenue of $19.96 million for the quarter. First Bancorp had a return on equity of 12.69% and a net margin of 20.55%.

First Bancorp Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, April 19th. Stockholders of record on Tuesday, April 9th will be given a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a dividend yield of 6.36%. The ex-dividend date of this dividend is Monday, April 8th. First Bancorp’s payout ratio is 52.63%.

About First Bancorp

The First Bancorp, Inc operates as the holding company for First National Bank that provides a range of banking products and services to individuals and businesses. It offers various deposit products, including demand, NOW, time, savings, money market, and certificates of deposit accounts. The company also provides commercial loans comprising commercial real estate owner occupied, such as mortgage loans to finance investments in real property such as retail space, offices, industrial buildings, hotels, educational facilities, and other specific or mixed use properties; commercial real estate non-owner occupied loans; commercial construction to finance construction in a mix of owner- and nonowner occupied commercial real estate properties; and commercial and industrial loans, including revolving and term loan for financing working capital and/or capital investment.