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 7,290 funds
–
Analysts bullish %
Fund manager confidence
Based on 2024 Q4 regulatory filings by fund managers ($100M+ AUM)
23% more repeat investments, than reductions
Existing positions increased: 69 | Existing positions reduced: 56
10% more capital invested
Capital invested by funds: $1.15B [Q3] → $1.27B (+$115M) [Q4]
2.82% more ownership
Funds ownership: 66.95% [Q3] → 69.77% (+2.82%) [Q4]
0% more funds holding in top 10
Funds holding in top 10: 1 [Q3] → 1 (+0) [Q4]
8% less funds holding
Funds holding: 204 [Q3] → 188 (-16) [Q4]
62% less first-time investments, than exits
New positions opened: 8 | Existing positions closed: 21
Research analyst outlook
1 Wall Street Analyst provided 1 year price targets over the past 3 months
Low target
$56
34%
upside
Avg. target
$56
34%
upside
High target
$56
34%
upside
1 analyst rating
1 positive
100%
0 neutral
0%
0 negative
0%
Keefe, Bruyette & Woods Wood Lay 75% 1-year accuracy 56 / 75 met price target | 34%upside $56 | Outperform Maintained | 4 Dec 2024 |
Financial journalist opinion
Based on 6 articles about FBNC published over the past 30 days
Positive
Zacks Investment Research
2 weeks ago
Best Momentum Stocks to Buy for February 11th
FBNC and EZPW made it to the Zacks Rank #1 (Strong Buy) momentum stocks list on February 11, 2025.
Positive
Zacks Investment Research
2 weeks ago
New Strong Buy Stocks for February 11th
FULT, FBNC, DAN, PCRX and OMVKY have been added to the Zacks Rank #1 (Strong Buy) List on February 11, 2025.
Neutral
PRNewsWire
2 weeks ago
First Bank Appoints New Chief Executive Officer
SOUTHERN PINES, N.C. , Feb. 6, 2025 /PRNewswire/ -- The Board of Directors of First Bancorp (NASDAQ - FBNC), the parent company of First Bank (the "Bank"), today announced the promotion of G.
Positive
Zacks Investment Research
3 weeks ago
First Bancorp (FBNC) Upgraded to Buy: What Does It Mean for the Stock?
First Bancorp (FBNC) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).
Positive
Zacks Investment Research
3 weeks ago
First Bancorp (FBNC) Q4 Earnings and Revenues Surpass Estimates
First Bancorp (FBNC) came out with quarterly earnings of $0.76 per share, beating the Zacks Consensus Estimate of $0.72 per share. This compares to earnings of $0.72 per share a year ago.
Neutral
PRNewsWire
3 weeks ago
First Bancorp Reports Fourth Quarter and Full Year Results
SOUTHERN PINES, N.C., Jan. 29, 2025 /PRNewswire/ -- First Bancorp (the "Company") (NASDAQ - FBNC), the parent company of First Bank, reported unaudited fourth quarter and full year earnings today.
Positive
Seeking Alpha
1 month ago
First BanCorp.: Strong Margin Power And A Growing Dividend
First BanCorp. reported strong Q4 results with revenue of $241.5 million and EPS of $0.46, both beating estimates. Loans grew by $303.2 million to $12.8 billion, and core deposits increased by $197.9 million, indicating healthy banking activity. Net interest margin rose to 4.33%, with net interest income at $209.3 million, and cost of funds dropped to 2.35%.
Neutral
PRNewsWire
2 months 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 months 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
2 months 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.
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