First Bancorp, Inc (ME) (FNLC) to Issue Quarterly Dividend of $0.37 on July 18th

First Bancorp, Inc (ME) (NASDAQ:FNLC) announced a quarterly dividend on Thursday, June 26th, RTT News reports. Shareholders of record on Tuesday, July 8th will be paid a dividend of 0.37 per share by the bank on Friday, July 18th. This represents a $1.48 annualized dividend and a yield of 5.49%. The ex-dividend date is Tuesday, July 8th. This is a 2.8% increase from First Bancorp, Inc (ME)’s previous quarterly dividend of $0.36.

First Bancorp, Inc (ME) Price Performance

Shares of NASDAQ FNLC opened at $26.98 on Friday. First Bancorp, Inc has a 1-year low of $22.11 and a 1-year high of $31.05. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.85 and a quick ratio of 0.85. The business’s fifty day moving average price is $24.60 and its two-hundred day moving average price is $25.08. The firm has a market capitalization of $302.18 million, a PE ratio of 10.75 and a beta of 0.54.

First Bancorp, Inc (ME) (NASDAQ:FNLC) last released its quarterly earnings results on Wednesday, April 23rd. The bank reported $0.63 earnings per share (EPS) for the quarter. First Bancorp, Inc (ME) had a return on equity of 11.09% and a net margin of 16.60%. The company had revenue of $21.80 million during the quarter.

Insider Buying and Selling at First Bancorp, Inc (ME)

In other First Bancorp, Inc (ME) news, Director Ingrid Wilbur Kachmar purchased 4,000 shares of the firm’s stock in a transaction dated Monday, April 28th. The stock was bought at an average price of $24.10 per share, with a total value of $96,400.00. Following the completion of the purchase, the director owned 5,015 shares in the company, valued at $120,861.50. This trade represents a 394.09% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Kimberly Swan purchased 1,600 shares of the firm’s stock in a transaction dated Thursday, April 24th. The stock was acquired at an average cost of $24.42 per share, with a total value of $39,072.00. Following the purchase, the director owned 12,183 shares of the company’s stock, valued at approximately $297,508.86. This represents a 15.12% increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 5.09% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. Strs Ohio bought a new position in shares of First Bancorp, Inc (ME) in the first quarter worth $96,000. Focus Partners Wealth bought a new position in First Bancorp, Inc (ME) during the first quarter valued at about $1,500,000. Jane Street Group LLC bought a new position in First Bancorp, Inc (ME) during the first quarter valued at about $398,000. Finally, Goldman Sachs Group Inc. boosted its stake in First Bancorp, Inc (ME) by 4.5% during the first quarter. Goldman Sachs Group Inc. now owns 53,879 shares of the bank’s stock valued at $1,332,000 after buying an additional 2,306 shares in the last quarter. Institutional investors own 40.41% of the company’s stock.

About First Bancorp, Inc (ME)

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.