Goldman Sachs Group Inc. Boosts Stock Holdings in First Bancorp, Inc (ME) $FNLC

Goldman Sachs Group Inc. increased its holdings in shares of First Bancorp, Inc (ME) (NASDAQ:FNLC) by 4.5% during the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 53,879 shares of the bank’s stock after purchasing an additional 2,306 shares during the period. Goldman Sachs Group Inc. owned 0.48% of First Bancorp, Inc (ME) worth $1,332,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of FNLC. GAMMA Investing LLC lifted its holdings in First Bancorp, Inc (ME) by 13,325.5% during the first quarter. GAMMA Investing LLC now owns 6,847 shares of the bank’s stock worth $169,000 after buying an additional 6,796 shares during the period. American Century Companies Inc. raised its position in shares of First Bancorp, Inc (ME) by 51.3% in the 1st quarter. American Century Companies Inc. now owns 34,190 shares of the bank’s stock worth $845,000 after acquiring an additional 11,599 shares in the last quarter. Nuveen LLC bought a new position in shares of First Bancorp, Inc (ME) in the 1st quarter worth $705,000. Bank of America Corp DE grew its stake in First Bancorp, Inc (ME) by 29.5% in the fourth quarter. Bank of America Corp DE now owns 14,935 shares of the bank’s stock valued at $408,000 after purchasing an additional 3,401 shares during the last quarter. Finally, Northern Trust Corp grew its stake in First Bancorp, Inc (ME) by 5.1% in the fourth quarter. Northern Trust Corp now owns 94,658 shares of the bank’s stock valued at $2,589,000 after purchasing an additional 4,567 shares during the last quarter. 40.41% of the stock is currently owned by institutional investors.

First Bancorp, Inc (ME) Stock Down 3.1%

NASDAQ:FNLC opened at $26.67 on Friday. The company’s 50-day simple moving average is $26.33 and its 200-day simple moving average is $25.16. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.86 and a current ratio of 0.86. First Bancorp, Inc has a fifty-two week low of $22.11 and a fifty-two week high of $31.05. The stock has a market capitalization of $298.97 million, a P/E ratio of 9.95 and a beta of 0.56.

First Bancorp, Inc (ME) (NASDAQ:FNLC) last issued its quarterly earnings data on Wednesday, July 23rd. The bank reported $0.72 earnings per share (EPS) for the quarter. First Bancorp, Inc (ME) had a net margin of 17.39% and a return on equity of 11.60%. The firm had revenue of $22.54 million for the quarter.

First Bancorp, Inc (ME) Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, July 18th. Stockholders of record on Tuesday, July 8th were given a dividend of $0.37 per share. The ex-dividend date of this dividend was Tuesday, July 8th. This is a boost from First Bancorp, Inc (ME)’s previous quarterly dividend of $0.36. This represents a $1.48 dividend on an annualized basis and a dividend yield of 5.5%. First Bancorp, Inc (ME)’s payout ratio is currently 55.22%.

First Bancorp, Inc (ME) Profile

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.