First Bancorp (NASDAQ:FBNC) Receiving Somewhat Favorable Media Coverage, Analysis Shows

Press coverage about First Bancorp (NASDAQ:FBNC) has trended somewhat positive on Sunday, according to Accern Sentiment. The research group ranks the sentiment of media coverage by monitoring more than twenty million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. First Bancorp earned a daily sentiment score of 0.16 on Accern’s scale. Accern also assigned news 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 effect on the company’s share price in the immediate future.

These are some of the media headlines that may have impacted Accern Sentiment Analysis’s analysis:

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Several analysts recently weighed in on the company. BidaskClub upgraded First Bancorp from a “hold” rating to a “buy” rating in a report on Thursday, March 15th. Brean Capital reiterated a “buy” rating on shares of First Bancorp in a research note on Monday, January 29th. Keefe, Bruyette & Woods reiterated a “buy” rating and issued a $41.00 target price on shares of First Bancorp in a research note on Friday, December 22nd. Zacks Investment Research lowered First Bancorp from a “buy” rating to a “hold” rating in a research note on Tuesday, December 26th. Finally, Piper Jaffray reiterated a “buy” rating and issued a $42.00 target price on shares of First Bancorp in a research note on Tuesday, January 9th. Two investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $39.50.

FBNC traded down $1.01 on Friday, hitting $35.62. The company had a trading volume of 111,235 shares, compared to its average volume of 87,672. First Bancorp has a 12-month low of $27.50 and a 12-month high of $41.76. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.03 and a quick ratio of 1.03. The firm has a market capitalization of $1,055.92, a PE ratio of 19.25, a price-to-earnings-growth ratio of 0.99 and a beta of 1.11.

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

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 25th. Stockholders of record on Friday, March 30th will be paid a dividend of $0.10 per share. This is a positive change from First Bancorp’s previous quarterly dividend of $0.08. The ex-dividend date of this dividend is Wednesday, March 28th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.12%. First Bancorp’s payout ratio is presently 21.62%.

In other news, Director Mary Clara Capel sold 2,250 shares of the business’s stock in a transaction dated Wednesday, March 21st. The stock was sold at an average price of $37.05, for a total transaction of $83,362.50. Following the sale, the director now owns 13,746 shares in the company, valued at $509,289.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.89% of the stock is currently owned by insiders.

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First Bancorp Company Profile

First Bancorp operates as the bank holding company for First Bank that provides banking products and services for individuals and small to medium-sized businesses primarily in North Carolina and northeastern South Carolina. It accepts deposit products, such as checking, savings, and money market accounts, as well as time deposits, including certificates of deposits and individual retirement accounts.

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

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