- Since 1988 it has more than doubled the S&P 500 with an average gain of +24.52% per year.
- MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.
- Restricted stock typically is that issued to company insiders with limits on when it may be traded.Dividend YieldA company’s dividend expressed as a percentage of its current stock price.
- This suggests a possible upside of 22.0% from the stock’s current price.
On average, they predict the company’s share price to reach $44.00 in the next twelve months. This suggests a possible upside of 22.0% from the stock’s current price. View analysts price targets for FBNC or view top-rated stocks among Wall Street analysts.
Verify your identity, personalize the content you receive, or create and administer your account. CompareFBNC’s historical performanceagainst its industry peers and the overall market. First Bancorp doesn’t possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report.
Also, it offers credit cards, debit cards, letters of credit and electronic funds transfer services. First Bancorp is a bank holding company for First Bank . The Bank offers deposit products, such as checking, savings and money market accounts, as well as time deposits, including various types of certificates of deposits and individual retirement accounts.
First Bancorp (FBNC) Q4 Earnings Top Estimates
Our investment management business generates asset-based fees, which are calculated as a percentage of assets under management. We also sell both admissions and sponsorship packages for our investment conferences and advertising on our websites and newsletters. High-growth stocks tend to represent the technology, healthcare, and communications sectors. They rarely distribute dividends to shareholders, opting for reinvestment in their businesses.
Institutional investors and hedge funds have recently modified their holdings of the company. Public Employees Retirement System of Ohio boosted its position in shares of First Bancorp by 53.1% during the third quarter. Public Employees Retirement System of Ohio now owns 790 shares of the financial services provider’s stock worth $29,000 after buying an additional 274 shares during the period.
3 Wall Street analysts have issued “buy,” “hold,” and “sell” ratings for First Bancorp in the last twelve months. There are currently 1 hold rating and 2 buy ratings for the stock. The consensus among Wall Street analysts is that investors should “buy” FBNC shares. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.74 and a quick ratio of 0.74. The stock has a market capitalization of $1.47 billion, a P/E ratio of 8.76 and a beta of 1.09. The business has a 50-day moving average of $40.69 and a 200-day moving average of $41.56.
The monthly returns are then compounded to arrive at the annual return. Only Zacks Rank stocks included in Zacks hypothetical portfolios at end of the road for jp markets as court orders final liquidation the beginning of each month are included in the return calculations. Zacks Ranks stocks can, and often do, change throughout the month.
Value investors frequently look for companies that have low price/book ratios. Piper Sandler lowered their price target on First Bancorp from $49.00 to $45.00 and set an “overweight” rating for the company in a report on Thursday, January 26th. StockNews.com began coverage on First Bancorp in a report on Thursday.
P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities. Only 1.90% of the stock of First Bancorp is held by insiders. 18 people have searched for FBNC on MarketBeat in the last 30 days. This is an increase of 500% compared to the previous 30 days. MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation. Upgrade to MarketBeat Daily Premium to add more stocks to your watchlist.
Finally, Raymond James lowered their price target on First Bancorp from $49.00 to $45.00 and set a “market outperform” rating for the company in a report on Monday, January 30th. Dividend yield allows investors, particularly those interested in dividend-paying stocks, to compare the relationship between a stock’s price and how it rewards stockholders through dividends. The formula for calculating dividend yield is to divide the annual dividend paid per share by the stock price. First Bancorp drew an outperform rating and a price target of $49 a share as Raymond James initiated coverage of the regional bank on Monday. Analyst Daniel Tamayo said the stock is trading at a discount to its peers base… As of February 28th, there was short interest totaling 588,700 shares, a drop of 5.1% from the February 13th total of 620,300 shares.
Exchanges report short interest twice a month.Percent of FloatTotal short positions relative to the number of shares available to trade. News Corp is a global, diversified media and information services company focused on creating and distributing authoritative https://day-trading.info/ and engaging content and other products and services. Based on earnings estimates, First Bancorp will have a dividend payout ratio of 21.46% next year. This indicates that First Bancorp will be able to sustain or increase its dividend.
According to analysts’ consensus price target of $44.00, First Bancorp has a forecasted upside of 22.0% from its current price of $36.08. Represents the company’s profit divided by the outstanding shares of its common stock. There may be delays, omissions, or inaccuracies in the Information.
Wipfli Financial Advisors LLC acquired a new position in shares of First Bancorp during the third quarter worth about $63,000. Point72 Hong Kong Ltd acquired a new position in shares of First Bancorp during the second quarter worth about $85,000. Asset Dedication LLC acquired a new position in shares of First Bancorp during the third quarter worth about $106,000. Finally, Salem Investment Counselors Inc. boosted its position in First Bancorp by 213.9% during the third quarter. Salem Investment Counselors Inc. now owns 3,390 shares of the financial services provider’s stock valued at $125,000 after purchasing an additional 2,310 shares during the last quarter.
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First Bancorp operates as a bank holding company, which engages in banking activities, with the acceptance of deposits and the making of loans. It provides a range of deposit products such as checking, savings, NOW, and money market accounts, as well as time deposits, including various types of certificates of deposits and individual retirement accounts. The company’s offerings include credit cards, debit cards, letters of credit, safe deposit box rentals, bank money orders and electronic funds transfer services, including wire transfers. It also offers loans for a range of consumer and commercial purposes, including loans for business, agriculture, real estate, personal uses, home improvement and automobiles. The company was founded on December 8, 1983 and is headquartered in Southern Pines, NC.
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