Contrasting First Bancorp (FBNC) and The Competition

First Bancorp (NASDAQ: FBNC) is one of 312 publicly-traded companies in the “Banks” industry, but how does it weigh in compared to its rivals? We will compare First Bancorp to similar businesses based on the strength of its risk, earnings, analyst recommendations, profitability, valuation, dividends and institutional ownership.

Profitability

This table compares First Bancorp and its rivals’ net margins, return on equity and return on assets.

Net Margins Return on Equity Return on Assets
First Bancorp 19.96% 8.93% 0.97%
First Bancorp Competitors 18.80% 8.24% 0.93%

Dividends

First Bancorp pays an annual dividend of $0.32 per share and has a dividend yield of 0.9%. First Bancorp pays out 18.6% of its earnings in the form of a dividend. As a group, “Banks” companies pay a dividend yield of 1.9% and pay out 34.9% of their earnings in the form of a dividend.

Risk & Volatility

First Bancorp has a beta of 1.1, indicating that its stock price is 10% more volatile than the S&P 500. Comparatively, First Bancorp’s rivals have a beta of 0.79, indicating that their average stock price is 21% less volatile than the S&P 500.

Institutional & Insider Ownership

56.5% of First Bancorp shares are owned by institutional investors. Comparatively, 52.0% of shares of all “Banks” companies are owned by institutional investors. 2.4% of First Bancorp shares are owned by company insiders. Comparatively, 10.4% of shares of all “Banks” companies are owned by company insiders. Strong institutional ownership is an indication that endowments, large money managers and hedge funds believe a stock will outperform the market over the long term.

Valuation & Earnings

This table compares First Bancorp and its rivals revenue, earnings per share (EPS) and valuation.

Gross Revenue Net Income Price/Earnings Ratio
First Bancorp $156.54 million $27.50 million 21.40
First Bancorp Competitors $5.50 billion $827.87 million 388.57

First Bancorp’s rivals have higher revenue and earnings than First Bancorp. First Bancorp is trading at a lower price-to-earnings ratio than its rivals, indicating that it is currently more affordable than other companies in its industry.

Analyst Ratings

This is a summary of recent ratings and recommmendations for First Bancorp and its rivals, as provided by MarketBeat.com.

Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
First Bancorp 0 1 3 0 2.75
First Bancorp Competitors 2270 8780 8733 359 2.36

First Bancorp presently has a consensus target price of $39.33, suggesting a potential upside of 6.88%. As a group, “Banks” companies have a potential downside of 10.02%. Given First Bancorp’s stronger consensus rating and higher possible upside, equities research analysts plainly believe First Bancorp is more favorable than its rivals.

Summary

First Bancorp beats its rivals on 9 of the 15 factors compared.

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. In addition, the Bank offers Internet banking, mobile banking, cash management and bank-by-phone capabilities to its customers. It also offers a mobile check deposit feature for its mobile banking customers to deposit checks through their smartphone. The Bank offers remote deposit capture for its business customers. The Company provides loans for a range of consumer and commercial purposes, including loans for business, agriculture, real estate, personal uses, home improvement and automobiles.

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