First Bancorp (FBNC) Earning Somewhat Favorable News Coverage, Report Shows

Press coverage about First Bancorp (NASDAQ:FBNC) has trended somewhat positive this week, according to Accern. Accern identifies negative and positive media coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. First Bancorp earned a news impact score of 0.18 on Accern’s scale. Accern also assigned media coverage about the financial services provider an impact score of 46.3181681135716 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.

Several research firms have recently commented on FBNC. Zacks Investment Research lowered shares of First Bancorp from a “buy” rating to a “hold” rating in a research note on Tuesday, February 13th. Brean Capital reissued a “buy” rating on shares of First Bancorp in a research note on Monday, February 5th. ValuEngine raised shares of First Bancorp from a “hold” rating to a “buy” rating in a research note on Sunday, December 31st. Stephens began coverage on shares of First Bancorp in a research note on Monday, December 4th. They issued an “equal weight” rating for the company. Finally, Keefe, Bruyette & Woods reissued a “buy” rating and issued a $41.00 price objective on shares of First Bancorp in a research note on Friday, December 22nd. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. First Bancorp presently has an average rating of “Buy” and an average price target of $39.50.

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Shares of First Bancorp (NASDAQ:FBNC) traded down $0.80 during trading on Wednesday, reaching $36.69. 54,837 shares of the company were exchanged, compared to its average volume of 92,239. First Bancorp has a one year low of $27.50 and a one year high of $41.76. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.59. The stock has a market capitalization of $1,109.98, a P/E ratio of 20.83, a P/E/G ratio of 1.04 and a beta of 1.14.

First Bancorp (NASDAQ:FBNC) last issued its quarterly earnings results on Monday, January 29th. The financial services provider reported $0.44 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.09). First Bancorp had a return on equity of 8.43% and a net margin of 20.32%. The firm had revenue of $63.72 million during the quarter, compared to analysts’ expectations of $64.12 million. analysts predict that First Bancorp will post 2.7 EPS for the current year.

In other news, CEO Richard H. Moore purchased 2,755 shares of the firm’s stock in a transaction that occurred on Wednesday, December 20th. The stock was bought at an average price of $36.00 per share, for a total transaction of $99,180.00. Following the completion of the purchase, the chief executive officer now directly owns 121,741 shares of the company’s stock, valued at $4,382,676. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Suzanne S. Deferie sold 12,001 shares of First Bancorp stock in a transaction that occurred on Wednesday, December 27th. The stock was sold at an average price of $35.67, for a total transaction of $428,075.67. Following the completion of the transaction, the insider now owns 113,408 shares of the company’s stock, valued at approximately $4,045,263.36. The disclosure for this sale can be found here. 2.37% of the stock is owned by insiders.

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About First Bancorp

First Bancorp is the bank holding company for First Bank (the Bank). The Company’s principal activity is the ownership and operation of First Bank. The Bank engages in a range of banking activities, including the acceptance of deposits and the making of loans. The Bank offers credit cards, debit cards, letters of credit, safe deposit box rentals and electronic funds transfer services, including wire transfers.

Insider Buying and Selling by Quarter for First Bancorp (NASDAQ:FBNC)

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