First Bancorp (FBNC) Position Raised by Dalton Greiner Hartman Maher & Co.

Dalton Greiner Hartman Maher & Co. lifted its stake in shares of First Bancorp (NASDAQ:FBNC) by 27.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 88,967 shares of the financial services provider’s stock after acquiring an additional 18,888 shares during the period. Dalton Greiner Hartman Maher & Co. owned 0.30% of First Bancorp worth $3,141,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. BNP Paribas Arbitrage SA grew its position in First Bancorp by 1,207.2% in the second quarter. BNP Paribas Arbitrage SA now owns 3,268 shares of the financial services provider’s stock valued at $102,000 after acquiring an additional 3,018 shares in the last quarter. SG Americas Securities LLC acquired a new stake in First Bancorp in the third quarter valued at approximately $107,000. Captrust Financial Advisors acquired a new stake in First Bancorp in the second quarter valued at approximately $146,000. Legal & General Group Plc grew its position in First Bancorp by 23.1% in the second quarter. Legal & General Group Plc now owns 5,790 shares of the financial services provider’s stock valued at $180,000 after acquiring an additional 1,085 shares in the last quarter. Finally, Private Advisor Group LLC acquired a new stake in First Bancorp in the second quarter valued at approximately $213,000. Institutional investors and hedge funds own 56.72% of the company’s stock.

Shares of First Bancorp (NASDAQ FBNC) traded down $0.04 on Friday, reaching $36.91. The company had a trading volume of 103,244 shares, compared to its average volume of 109,925. First Bancorp has a 52-week low of $27.50 and a 52-week high of $41.76. The company has a market capitalization of $1,090.00, a PE ratio of 20.51, a PEG ratio of 1.08 and a beta of 1.12. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.05 and a quick ratio of 1.05.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, January 25th. Investors of record on Sunday, December 31st were paid a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 0.87%. The ex-dividend date was Thursday, December 28th. First Bancorp’s dividend payout ratio (DPR) is presently 17.78%.

Several brokerages have issued reports on FBNC. Brean Capital reaffirmed a “buy” rating on shares of First Bancorp in a research report on Monday, January 29th. Stephens assumed coverage on shares of First Bancorp in a research report on Monday, December 4th. They set an “equal weight” rating for the company. ValuEngine raised shares of First Bancorp from a “hold” rating to a “buy” rating in a research report on Sunday, December 31st. BidaskClub downgraded shares of First Bancorp from a “buy” rating to a “hold” rating in a research report on Thursday, December 21st. Finally, Piper Jaffray Companies reissued a “buy” rating and set a $42.00 price target on shares of First Bancorp in a research report on Tuesday, January 9th. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. First Bancorp has an average rating of “Buy” and a consensus target price of $39.50.

In related news, CEO Richard H. Moore bought 2,755 shares of the business’s stock in a transaction on Wednesday, December 20th. The shares were bought at an average cost of $36.00 per share, for a total transaction of $99,180.00. Following the completion of the purchase, the chief executive officer now owns 121,741 shares of the company’s stock, valued at approximately $4,382,676. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Suzanne S. Deferie sold 12,001 shares of the firm’s stock in a transaction on Wednesday, December 27th. The shares were sold at an average price of $35.67, for a total value of $428,075.67. Following the completion of the sale, the insider now owns 113,408 shares in the company, valued at $4,045,263.36. The disclosure for this sale can be found here. Company insiders own 1.89% of the company’s stock.

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First Bancorp Company Profile

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.

Institutional Ownership by Quarter for First Bancorp (NASDAQ:FBNC)

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