First Bancorp, Inc (ME) (FNLC) Releases Quarterly Earnings Results

First Bancorp, Inc (ME) (NASDAQ:FNLC) issued its earnings results on Wednesday, October 18th. The bank reported $0.46 EPS for the quarter, Bloomberg Earnings reports. First Bancorp, Inc (ME) had a net margin of 26.51% and a return on equity of 10.76%. The firm had revenue of $15.45 million during the quarter.

Shares of First Bancorp, Inc (NASDAQ:FNLC) opened at 31.46 on Friday. The company has a market cap of $340.46 million, a P/E ratio of 18.51 and a beta of 0.69. First Bancorp, Inc has a 12 month low of $22.87 and a 12 month high of $33.21. The stock’s 50 day moving average is $29.39 and its 200 day moving average is $27.21.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 31st. Stockholders of record on Friday, October 13th will be given a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 3.05%. The ex-dividend date of this dividend is Thursday, October 12th. First Bancorp, Inc (ME)’s dividend payout ratio is 55.17%.

In related news, EVP Steven Parady acquired 1,260 shares of the stock in a transaction dated Monday, July 31st. The stock was bought at an average price of $26.99 per share, for a total transaction of $34,007.40. Following the purchase, the executive vice president now directly owns 49,117 shares of the company’s stock, valued at approximately $1,325,667.83. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Bruce B. Tindal sold 4,000 shares of First Bancorp, Inc (ME) stock in a transaction on Monday, October 23rd. The shares were sold at an average price of $30.57, for a total transaction of $122,280.00. The disclosure for this sale can be found here. Insiders own 6.63% of the company’s stock.

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Separately, BidaskClub downgraded shares of First Bancorp, Inc (ME) from a “hold” rating to a “sell” rating in a research note on Tuesday, July 25th.

First Bancorp, Inc (ME) Company Profile

The First Bancorp, Inc is the bank holding company of First National Bank (the Bank). The Bank offers a range of financial services to individuals and companies in coastal Maine. The Company, through First Advisors, a division of the Bank, offers a range of private banking, financial planning, investment management and trust services to individuals, businesses, non-profit organizations and municipalities of various asset sizes.

Earnings History for First Bancorp, Inc (ME) (NASDAQ:FNLC)

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