First Bancorp, Inc (ME) (NASDAQ:FNLC) Stock to Pay Quarterly Dividend of $0.38

First Bancorp, Inc (ME) (NASDAQ:FNLC) announced a quarterly dividend on Thursday, September 24th. Investors of record on Tuesday, October 6th will be given a dividend of $0.38 per share by the bank on Friday, October 16th. This represents a $1.52 annualized dividend and a yield of 4.5%. The ex-dividend date is Tuesday, October 6th.

First Bancorp, Inc (ME) has increased its dividend by an average of 0.0%annually over the last three years and has increased its dividend every year for the last 6 years.

First Bancorp, Inc (ME) Stock Up 0.3%

NASDAQ FNLC opened at $34.08 on Friday. The company has a debt-to-equity ratio of 0.12, a current ratio of 0.86 and a quick ratio of 0.86. First Bancorp, Inc has a fifty-two week low of $24.08 and a fifty-two week high of $36.30. The stock has a market capitalization of $384.42 million, a PE ratio of 10.11 and a beta of 0.49. The business has a fifty day moving average price of $34.92 and a two-hundred day moving average price of $31.67.

First Bancorp, Inc (ME) (NASDAQ:FNLC) last posted its earnings results on Wednesday, July 22nd. The bank reported $0.85 EPS for the quarter. First Bancorp, Inc (ME) had a return on equity of 13.30% and a net margin of 21.43%.The firm had revenue of $25.82 million during the quarter.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “buy (b)” rating on shares of First Bancorp, Inc (ME) in a research note on Monday, September 14th. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the company presently has an average rating of “Buy”.

About First Bancorp, Inc (ME)

First Bancorp, Inc is a bank holding company headquartered in Damariscotta, Maine. Its principal subsidiary, First National Bank, provides community banking services to individuals, families, businesses and municipal organizations through its branch network and digital banking channels.

The bank’s products and services include checking and savings accounts, certificates of deposit, residential mortgages, consumer loans, commercial real estate financing, business loans and cash-management services.