First Bancorp, Inc (ME) (NASDAQ:FNLC) Stock Price Crosses Above 200 Day Moving Average – Should You Sell?

First Bancorp, Inc (ME) (NASDAQ:FNLC) shares passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $26.19 and traded as high as $27.99. First Bancorp, Inc (ME) shares last traded at $27.95, with a volume of 25,966 shares traded.

Wall Street Analyst Weigh In

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

First Bancorp, Inc (ME) Stock Performance

The company has a market capitalization of $313.57 million, a PE ratio of 9.10 and a beta of 0.59. 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 business has a 50 day simple moving average of $26.82 and a 200 day simple moving average of $26.19.

First Bancorp, Inc (ME) (NASDAQ:FNLC) last issued its quarterly earnings results on Wednesday, January 21st. The bank reported $0.91 EPS for the quarter. First Bancorp, Inc (ME) had a return on equity of 12.90% and a net margin of 19.36%.The company had revenue of $21.81 million during the quarter.

First Bancorp, Inc (ME) Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, January 16th. Investors of record on Tuesday, January 6th were issued a $0.37 dividend. This represents a $1.48 annualized dividend and a yield of 5.3%. The ex-dividend date of this dividend was Tuesday, January 6th. First Bancorp, Inc (ME)’s payout ratio is presently 48.21%.

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

Several hedge funds and other institutional investors have recently made changes to their positions in FNLC. Russell Investments Group Ltd. raised 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 valued at $25,000 after purchasing an additional 903 shares during the period. BNP Paribas Financial Markets grew 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 worth $39,000 after acquiring an additional 415 shares in the last quarter. CWM LLC increased its holdings in First Bancorp, Inc (ME) by 226.6% during the 3rd quarter. CWM LLC now owns 1,708 shares of the bank’s stock worth $45,000 after purchasing an additional 1,185 shares during the period. PNC Financial Services Group Inc. increased its stake in shares of First Bancorp, Inc (ME) by 27.7% during the third quarter. PNC Financial Services Group Inc. now owns 2,004 shares of the bank’s stock worth $53,000 after buying an additional 435 shares during the period. Finally, Tower Research Capital LLC TRC increased its position in shares of 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 during the last quarter. 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.