First Bancorp (FBNC)

• Market cap: $1.84B
• Sector: Financials
• Industry: State Commercial Banks

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

Fund manager confidence

Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)

150% more call options, than puts

Call options by funds: $15K | Put options by funds: $6K

56% more first-time investments, than exits

New positions opened: 25 | Existing positions closed: 16

30% more repeat investments, than reductions

Existing positions increased: 69 | Existing positions reduced: 53

5% more funds holding

Funds holding: 178 [Q1] → 187 (+9) [Q2]

0% more funds holding in top 10

Funds holding in top 10: 1 [Q1] → 1 (+0) [Q2]

5.66% less ownership

Funds ownership: 68.82% [Q1] → 63.16% (-5.66%) [Q2]

19% less capital invested

Capital invested by funds: $1.02B [Q1] → $830M (-$193M) [Q2]

Research analyst outlook

1 Wall Street Analyst provided 1 year price targets over the past 3 months

• Low target: $45 1% upside
• Avg. target: $45 1% upside
• High target: $45 1% upside

1 analyst rating

• positive: 1 100%
• neutral: 0 0%
• negative: 0 0%

Keefe, Bruyette & Woods Wood Lay 71% 1-year accuracy 15 / 21 met price target

1% upside $45

Outperform Maintained

25 Jul 2024