First Bancorp, Inc (ME) (NASDAQ:FNLC) Share Price Passes Above Two Hundred Day Moving Average – What’s Next?

First Bancorp, Inc (ME) (NASDAQ:FNLC) shares crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $26.11 and traded as high as $26.56. First Bancorp, Inc (ME) shares last traded at $26.24, with a volume of 9,110 shares traded.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a “hold (c+)” rating on shares of First Bancorp, Inc (ME) in a research note on Monday, December 29th. One research analyst has rated the stock with a Hold rating, According to MarketBeat.com, the stock currently has an average rating of “Hold”.

First Bancorp, Inc (ME) Price Performance

The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 0.35. The firm has a market capitalization of $294.41 million, a PE ratio of 9.34 and a beta of 0.59. The stock has a 50-day moving average price of $26.30 and a 200 day moving average price of $26.11.

First Bancorp, Inc (ME) (NASDAQ:FNLC) last released its earnings results on Wednesday, October 22nd. The bank reported $0.81 EPS for the quarter. First Bancorp, Inc (ME) had a net margin of 17.94% and a return on equity of 11.98%. The business had revenue of $25.31 million during the quarter.

First Bancorp, Inc (ME) Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 16th. Shareholders of record on Tuesday, January 6th will be paid a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a yield of 5.6%. The ex-dividend date of this dividend is Tuesday, January 6th. First Bancorp, Inc (ME)’s dividend payout ratio (DPR) is 52.67%.

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

Hedge funds and other institutional investors have recently bought and sold shares of the company. Russell Investments Group Ltd. grew its position in First Bancorp, Inc (ME) by 2,655.9% in the third quarter. Russell Investments Group Ltd. now owns 937 shares of the bank’s stock worth $25,000 after acquiring an additional 903 shares during the period. BNP Paribas Financial Markets boosted its stake in shares of First Bancorp, Inc (ME) by 36.6% in the second 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 during the period. CWM LLC increased its position in shares of First Bancorp, Inc (ME) by 226.6% during the third quarter. CWM LLC now owns 1,708 shares of the bank’s stock worth $45,000 after acquiring an additional 1,185 shares during the period. PNC Financial Services Group Inc. boosted its holdings in First Bancorp, Inc (ME) by 27.7% in the third 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 during the period. Finally, Tower Research Capital LLC TRC raised its position in First Bancorp, Inc (ME) by 540.0% in the 2nd quarter. Tower Research Capital LLC TRC now owns 2,528 shares of the bank’s stock valued at $64,000 after purchasing an additional 2,133 shares in the last quarter. 40.41% of the stock is currently owned by institutional investors and hedge funds.

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.