Media coverage about First Bancorp (NASDAQ:FBNC) has been trending positive recently, Accern Sentiment reports. The research group identifies positive and negative press coverage by analyzing more than 20 million news and blog 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 news sentiment score of 0.29 on Accern’s scale. Accern also assigned news coverage about the financial services provider an impact score of 45.806793445763 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
Here are some of the news articles that may have impacted Accern’s rankings:
Several research analysts have commented on FBNC shares. Piper Jaffray Companies restated an “overweight” rating and issued a $37.00 target price on shares of First Bancorp in a research report on Thursday, October 5th. Zacks Investment Research upgraded shares of First Bancorp from a “hold” rating to a “buy” rating and set a $39.00 target price for the company in a research report on Thursday, October 5th. Brean Capital increased their price objective on shares of First Bancorp from $39.00 to $35.00 and gave the company a “buy” rating in a report on Wednesday. Finally, ValuEngine upgraded shares of First Bancorp from a “hold” rating to a “buy” rating in a report on Friday, July 28th. One analyst has rated the stock with a hold rating and five have given a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $36.25.
Shares of First Bancorp (FBNC) opened at 36.71 on Friday. The company has a market capitalization of $905.93 million, a PE ratio of 25.58 and a beta of 1.13. The company’s 50-day moving average is $33.78 and its 200-day moving average is $31.18. First Bancorp has a one year low of $19.18 and a one year high of $37.42.
First Bancorp (NASDAQ:FBNC) last issued its quarterly earnings data on Tuesday, July 25th. The financial services provider reported $0.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.43 by $0.02. First Bancorp had a net margin of 19.96% and a return on equity of 9.22%. The business had revenue of $51.79 million during the quarter, compared to analyst estimates of $49.49 million. Equities analysts predict that First Bancorp will post $1.94 earnings per share for the current year.
The company also recently declared a quarterly dividend, which was paid on Wednesday, October 25th. Shareholders of record on Friday, September 29th were issued a dividend of $0.08 per share. The ex-dividend date was Thursday, September 28th. This represents a $0.32 annualized dividend and a yield of 0.87%. First Bancorp’s payout ratio is 18.60%.
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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.
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