Published: Sat, January 13, 2018
Sport | By Wilson Duncan

Increases Stake in First Bancorp (FBNC)


After having $0.19 EPS previously, Gluskin Sheff + Associates Inc.'s analysts see 152.63% EPS growth. The shares were bought at an average price of $36.00 per share, for a total transaction of $99,180.00.

Investors sentiment decreased to 1 in 2017 Q3. It has underperformed by 16.70% the S&P500.

Analysts await First Bancorp (NYSE:FBP) to report earnings on January, 25. Therefore 29% are positive. The firm has "Buy" rating by Brean Capital given on Monday, October 23. Stephens initiated coverage on First Bancorp in a research note on Monday, December 4th. First Bancorp (NYSE:FBP) has a current PEG of 2.39. As per Zacks simplified descending rating scale the ABR rank is displayed in the range of 1 to 5 where 1 represents Strong Buy and 5 a Strong Sell. The rating was initiated by Citigroup with "Neutral" on Wednesday, February 8. BlackRock Group LTD now owns 6,935 shares of the financial services provider's stock worth $122,000 after buying an additional 2,537 shares during the period. The institutional investor held 10.03M shares of the major banks company at the end of 2017Q3, valued at $51.35 million, down from 20.03 million at the end of the previous reported quarter. The company was upgraded on Thursday, December 21 by Citigroup. The company was maintained on Wednesday, November 8 by Bank of America. First Bancorp (NYSE:FBP)'s price to earnings ratio stood at 18.18. The stock of First Bancorp (NYSE:FBP) has "Buy" rating given on Friday, November 10 by Keefe Bruyette & Woods. Therefore 25% are positive.

FBNC has been the topic of a number of research reports. The stock of RPC, Inc. (TSE:GS) earned "Hold" rating by Desjardins Securities on Monday, September 21. The firm has "Outperform" rating given on Wednesday, October 14 by Keefe Bruyette & Woods. The stock has "Buy" rating by Maxim Group on Friday, July 21. On Monday, October 9 the stock rating was downgraded by JP Morgan to "Underweight". And then on the other side of the spectrum one analyst entrenched in the bullish camp has a target as high as $7.5. (NYSE:RES) has "Market Perform" rating given on Thursday, January 19 by Cowen & Co. The company was maintained on Monday, October 30 by Brean Capital. The company has market cap of $5.47 billion. The firm also provides wealth management services. It has a 66.47 P/E ratio. Its down 0.25, from 1.05 in 2017Q2.

Investors might be interested in how sell-side analysts are viewing shares of Tesla Inc. 32 funds opened positions while 96 raised stakes. Principal Grp Inc Inc invested 0.01% in First Bancorp (NYSE:FBP). The New York-based Jpmorgan Chase & has invested 0% in First Internet Bancorp (NASDAQ:INBK). Zacks upgraded the shares of FBNC in report on Tuesday, August 11 to "Sell" rating. Credit Suisse Ag has invested 0% in First Bancorp (NYSE:FBP). Next Century Growth Investors Llc sold 3,395 shares as Visa Inc (V)'s stock rose 5.74%. Strs Ohio holds 0% of its portfolio in First Bancorp (NASDAQ:FBNC) for 834 shares. Pinebridge Investments Limited Partnership reported 0.01% stake. Moreover, Ancora Advisors Llc has 0.02% invested in the company for 200,000 shares. Fj Limited Liability Co reported 26,000 shares. Victory Capital Management Inc. raised its position in shares of First Bancorp by 11.8% during the 2nd quarter. Prelude Mngmt Ltd reported 9,600 shares.


Analysts on average have given a price target of $6.79 to First Bancorp (FBP) stock. Invesco Limited holds 714,633 shares or 0% of its portfolio. Net earnings for the quarter were posted at $0.14 per share, whereas Wall Street had forecast $0.11 per share. Missouri-based Parkside Fin Bancorp And has invested 0% in First Bancorp (NYSE:FBP). Over the last 5 trading sessions, the stock has moved 8.05%. The total number of shares traded in the last 90-day period is 232,047. First Bancorp (NASDAQ:FBNC) has risen 47.69% since January 12, 2017 and is uptrending. It has outperformed by 18.29% the S&P500.

Since December 20, 2017, it had 1 insider purchase, and 0 selling transactions for $99,180 activity.

The most recent open market insider trade was Acquisition (Non Open Market) of 1,892 shares on a day where the closing price was 5.08. Bresler Joshua D sold 10.00M shares worth $56.55M.

First Bancorp operates as the bank holding firm for First Bank that provides banking services and products for individuals and small to medium-sized businesses primarily in North Carolina and northeastern SC. When we look at the Volatility of the company, Week Volatility is at 1.84% whereas Month Volatility is at 3.21%. It has a 20.56 P/E ratio. The companyÂ's Consumer Banking segment provides auto, boat, and personal loans; credit cards; lines of credit; and deposit products comprising interest bearing and non-interest bearing checking and savings accounts, individual retirement accounts, and retail certificates of deposit, as well as engages in the finance leasing and insurance activities.

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