First Bancorp (FBNC) Getting Favorable Media Coverage, Report Shows

Media coverage about First Bancorp (NASDAQ:FBNC) has trended positive on Friday, Alpha One Sentiment Analysis reports. The research firm, a subsidiary of Accern, scores the sentiment of news coverage by analyzing more than twenty million news and blog sources in real time. Alpha One ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. First Bancorp earned a media sentiment score of 0.30 on Alpha One’s scale. Alpha One also assigned media coverage about the financial services provider an impact score of 0 out of 100, indicating that recent news coverage is extremely unlikely to have an impact on the stock’s share price in the next several days.

Separately, Zacks Investment Research raised First Bancorp from a “hold” rating to a “buy” rating and set a $34.00 target price on the stock in a research note on Monday, May 1st.

Shares of First Bancorp (NASDAQ:FBNC) traded down 0.18% on Friday, hitting $28.15. The stock had a trading volume of 99,578 shares. First Bancorp has a 12 month low of $17.15 and a 12 month high of $32.27. The company’s 50 day moving average price is $29.40 and its 200-day moving average price is $27.79. The company has a market cap of $694.01 million, a P/E ratio of 21.09 and a beta of 1.10.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 25th. Investors of record on Friday, March 31st were paid a dividend of $0.08 per share. The ex-dividend date was Wednesday, March 29th. This represents a $0.32 annualized dividend and a yield of 1.13%. First Bancorp’s dividend payout ratio (DPR) is 24.06%.

In other First Bancorp news, Director James C. Crawford III bought 1,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 2nd. The shares were purchased at an average cost of $28.81 per share, for a total transaction of $28,810.00. Following the purchase, the director now directly owns 62,777 shares in the company, valued at $1,808,605.37. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Over the last 90 days, insiders have purchased 3,222 shares of company stock worth $93,519. 2.37% of the stock is owned by company 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.

5 Day Chart for NASDAQ:FBNC

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