First Bancorp (FBNC) Earning Somewhat Positive News Coverage, Analysis Finds

Media stories about First Bancorp (NASDAQ:FBNC) have trended somewhat positive this week, Accern Sentiment Analysis reports. The research group identifies negative and positive media coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. First Bancorp earned a news sentiment score of 0.16 on Accern’s scale. Accern also gave media stories about the financial services provider an impact score of 47.4922458057045 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.

These are some of the news articles that may have effected Accern Sentiment’s scoring:

Shares of First Bancorp (NASDAQ FBNC) opened at $37.23 on Friday. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.03 and a current ratio of 1.03. The firm has a market capitalization of $1,099.00, a price-to-earnings ratio of 20.68, a P/E/G ratio of 1.03 and a beta of 1.14. First Bancorp has a 12 month low of $27.50 and a 12 month high of $41.76.

First Bancorp (NASDAQ:FBNC) last issued its quarterly earnings data on Monday, January 29th. The financial services provider reported $0.44 earnings per share for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.09). The company had revenue of $63.72 million for the quarter, compared to analysts’ expectations of $64.12 million. First Bancorp had a return on equity of 8.43% and a net margin of 20.32%. analysts anticipate that First Bancorp will post 2.7 earnings per share for the current fiscal year.

A number of equities analysts have recently issued reports on the company. Keefe, Bruyette & Woods reissued a “buy” rating and set a $41.00 price target on shares of First Bancorp in a research report on Friday, December 22nd. Brean Capital reissued a “buy” rating on shares of First Bancorp in a research report on Tuesday, January 2nd. Stephens assumed coverage on First Bancorp in a research report on Monday, December 4th. They set an “equal weight” rating on the stock. BidaskClub raised First Bancorp from a “hold” rating to a “buy” rating in a research report on Thursday. Finally, Zacks Investment Research downgraded First Bancorp from a “buy” rating to a “hold” rating in a research report on Tuesday, February 13th. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. First Bancorp currently has an average rating of “Buy” and a consensus price target of $39.50.

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

Insider Buying and Selling by Quarter for First Bancorp (NASDAQ:FBNC)

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