First Bancorp (FBNC) Given News Impact Score of 0.29

Headlines about First Bancorp (NASDAQ:FBNC) have been trending positive this week, Accern reports. The research firm identifies positive and negative news coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. First Bancorp earned a daily sentiment score of 0.29 on Accern’s scale. Accern also gave news stories about the financial services provider an impact score of 46.0284654687587 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.

Shares of First Bancorp (FBNC) opened at $35.43 on Thursday. First Bancorp has a fifty-two week low of $27.50 and a fifty-two week high of $41.76. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.05 and a quick ratio of 1.05. The stock has a market cap of $1,032.34, a P/E ratio of 19.68, a P/E/G ratio of 0.99 and a beta of 1.12.

The business also recently announced a quarterly dividend, which was paid on Thursday, January 25th. Investors of record on Sunday, December 31st were issued a $0.08 dividend. This represents a $0.32 annualized dividend and a yield of 0.90%. The ex-dividend date of this dividend was Thursday, December 28th. First Bancorp’s dividend payout ratio is currently 17.78%.

Several equities research analysts recently issued reports on the stock. Keefe, Bruyette & Woods restated a “buy” rating and issued a $41.00 target price on shares of First Bancorp in a report on Friday, December 22nd. Brean Capital restated a “buy” rating on shares of First Bancorp in a report on Tuesday, January 2nd. Stephens assumed coverage on shares of First Bancorp in a report on Monday, December 4th. They issued an “equal weight” rating on the stock. Zacks Investment Research cut shares of First Bancorp from a “buy” rating to a “hold” rating in a report on Tuesday. Finally, Piper Jaffray Companies restated a “buy” rating and issued a $42.00 target price on shares of First Bancorp in a report on Tuesday, January 9th. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. First Bancorp currently has an average rating of “Buy” and a consensus price target of $39.50.

In other news, insider Suzanne S. Deferie sold 12,001 shares of First Bancorp stock in a transaction on Wednesday, December 27th. The shares were sold at an average price of $35.67, for a total transaction of $428,075.67. Following the transaction, the insider now owns 113,408 shares in the company, valued at approximately $4,045,263.36. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Richard H. Moore purchased 2,755 shares of the company’s stock in a transaction dated Wednesday, December 20th. The shares were acquired at an average price of $36.00 per share, for a total transaction of $99,180.00. Following the purchase, the chief executive officer now directly owns 121,741 shares in the company, valued at $4,382,676. The disclosure for this purchase can be found here. Company insiders own 1.89% of the company’s stock.

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First Bancorp Company Profile

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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