First BancorpFBNC
FBNC
About: First Bancorp is a bank holding company. The company is engaged in providing commercial and consumer banking services, mortgage lending, SBA lending, accounts receivable financing, and investment advisory services.
Employees: 1,445
0
Funds holding %
of 6,812 funds
–
Analysts bullish %
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
18,413% more call options, than puts
Call options by funds: $1.48M | Put options by funds: $8K
100% more first-time investments, than exits
New positions opened: 32 | Existing positions closed: 16
37% more capital invested
Capital invested by funds: $840M [Q2] → $1.15B (+$313M) [Q3]
9% more funds holding
Funds holding: 188 [Q2] → 204 (+16) [Q3]
2.97% more ownership
Funds ownership: 63.98% [Q2] → 66.95% (+2.97%) [Q3]
0% more funds holding in top 10
Funds holding in top 10: 1 [Q2] → 1 (+0) [Q3]
17% less repeat investments, than reductions
Existing positions increased: 58 | Existing positions reduced: 70
Research analyst outlook
1 Wall Street Analyst provided 1 year price targets over the past 3 months
Low target
$56
26%
upside
Avg. target
$56
26%
upside
High target
$56
26%
upside
1 analyst rating
1 positive
100%
0 neutral
0%
0 negative
0%
Keefe, Bruyette & Woods Wood Lay 65% 1-year accuracy 33 / 51 met price target | 26%upside $56 | Outperform Maintained | 4 Dec 2024 |
Financial journalist opinion
Neutral
PRNewsWire
2 weeks ago
First Bancorp Announces Cash Dividend
SOUTHERN PINES, N.C. , Dec. 13, 2024 /PRNewswire/ -- The Board of Directors of First Bancorp (NASDAQ: FBNC) (the "Company"), the parent company of First Bank, has declared a cash dividend on its common stock of $0.22 per share payable on January 25, 2025 to shareholders of record as of December 31, 2024.
Positive
Seeking Alpha
2 weeks ago
First Bancorp: Not Cheap But An Exceptionally Robust Loan Book
First Bancorp's net profit remains robust due to exceptionally low loan loss provisions, boosting its earnings significantly. The bank's $2.3B loan book is high quality, with minimal past due loans and substantial loan loss provisions covering potential defaults. Despite trading at 1.4 times tangible book value, the bank's strong loan quality and expected earnings growth justify the valuation.
Positive
Zacks Investment Research
1 month ago
What Makes First Bancorp (FBNC) a New Strong Buy Stock
First Bancorp (FBNC) has been upgraded to a Zacks Rank #1 (Strong Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.
Positive
Zacks Investment Research
2 months ago
First Bancorp (FBNC) Beats Q3 Earnings Estimates
First Bancorp (FBNC) came out with quarterly earnings of $0.70 per share, beating the Zacks Consensus Estimate of $0.69 per share. This compares to earnings of $0.73 per share a year ago.
Neutral
PRNewsWire
2 months ago
First Bancorp Reports Third Quarter Results
SOUTHERN PINES, N.C. , Oct. 23, 2024 /PRNewswire/ -- First Bancorp (the "Company") (NASDAQ - FBNC), the parent company of First Bank, reported third quarter earnings today.
Neutral
GlobeNewsWire
2 months ago
Federal Home Loan Bank of Atlanta Announces 2024 Director Election Results
ATLANTA, Oct. 21, 2024 (GLOBE NEWSWIRE) -- Federal Home Loan Bank of Atlanta (FHLBank Atlanta) today announced the results of the 2024 director election. The Bank conducted an election to fill the member directorships for North Carolina and Virginia, an independent directorship and a public interest independent directorship. Each director-elect will serve a four-year term commencing on January 1, 2025, and ending December 31, 2028.
Positive
Zacks Investment Research
2 months ago
First Bancorp (FBNC) Expected to Beat Earnings Estimates: Should You Buy?
First Bancorp (FBNC) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Neutral
PRNewsWire
3 months ago
First Bancorp Announces Cash Dividend
SOUTHERN PINES, N.C. , Sept. 13, 2024 /PRNewswire/ -- The Board of Directors of First Bancorp (NASDAQ: FBNC) (the "Company"), the parent company of First Bank, has declared a cash dividend on its common stock of $0.22 per share payable on October 25, 2024 to shareholders of record as of September 30, 2024.
Positive
Seeking Alpha
3 months ago
First BanCorp.: Raising The Earnings Estimate And Upgrading To Buy
Following the better-than-expected expense control during the first half of the year, I've decided to raise my earnings estimate for First BanCorp. for 2024. Mid-single-digit loan growth is the main earnings catalyst for FBP for the next year and a half. The year-end target price suggests a 7.9% upside from the last closing market price. Additionally, FBP is offering a 3.2% dividend yield.
Positive
Zacks Investment Research
3 months ago
Are You Looking for a Top Momentum Pick? Why First Bancorp (FBNC) is a Great Choice
Does First Bancorp (FBNC) have what it takes to be a top stock pick for momentum investors? Let's find out.
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