First Bancorp (FBNC) Earns Coverage Optimism Score of 0.06

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Media stories about First Bancorp (NASDAQ:FBNC) have been trending somewhat positive on Saturday, Accern Sentiment Analysis reports. The research firm identifies negative and positive media coverage by reviewing 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 daily sentiment score of 0.06 on Accern’s scale. Accern also assigned news coverage about the financial services provider an impact score of 45.5426928405976 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.

Several research firms have recently issued reports on FBNC. Brean Capital restated a “buy” rating on shares of First Bancorp in a report on Monday, August 27th. Raymond James cut First Bancorp from an “outperform” rating to a “market perform” rating in a report on Tuesday, July 10th. Zacks Investment Research cut First Bancorp from a “buy” rating to a “hold” rating in a report on Tuesday, June 5th. BidaskClub cut First Bancorp from a “strong-buy” rating to a “buy” rating in a report on Tuesday, June 12th. Finally, ValuEngine upgraded First Bancorp from a “hold” rating to a “buy” rating in a report on Thursday, May 17th. Six research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $41.25.

Shares of FBNC stock traded up $0.11 during mid-day trading on Friday, hitting $41.75. 44,423 shares of the company’s stock were exchanged, compared to its average volume of 72,434. First Bancorp has a fifty-two week low of $30.04 and a fifty-two week high of $43.14. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.56. The stock has a market capitalization of $1.24 billion, a price-to-earnings ratio of 22.57, a price-to-earnings-growth ratio of 1.17 and a beta of 0.95.

First Bancorp (NASDAQ:FBNC) last posted its quarterly earnings data on Thursday, July 26th. The financial services provider reported $0.79 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.69 by $0.10. First Bancorp had a return on equity of 10.53% and a net margin of 26.25%. The business had revenue of $67.34 million for the quarter, compared to analysts’ expectations of $68.24 million. analysts anticipate that First Bancorp will post 3.02 earnings per share for the current fiscal year.

In related news, Director Mary Clara Capel sold 750 shares of First Bancorp stock in a transaction on Monday, August 20th. The stock was sold at an average price of $42.39, for a total value of $31,792.50. Following the transaction, the director now owns 13,759 shares in the company, valued at $583,244.01. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Richard H. Moore bought 3,100 shares of First Bancorp stock in a transaction that occurred on Monday, June 11th. The stock was purchased at an average price of $42.16 per share, for a total transaction of $130,696.00. Following the acquisition, the chief executive officer now directly owns 129,040 shares of the company’s stock, valued at approximately $5,440,326.40. The disclosure for this purchase can be found here. 1.89% of the stock is owned by company insiders.

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.

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