Somewhat Positive Press Coverage Somewhat Unlikely to Impact First Bancorp (FBNC) Stock Price
Press coverage about First Bancorp (NASDAQ:FBNC) has trended somewhat positive recently, Accern Sentiment reports. Accern ranks the sentiment of media coverage by monitoring more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. First Bancorp earned a news sentiment score of 0.10 on Accern’s scale. Accern also gave media coverage about the financial services provider an impact score of 46.3434724210328 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
Shares of First Bancorp (NASDAQ FBNC) opened at 30.50 on Wednesday. First Bancorp has a 52-week low of $19.18 and a 52-week high of $32.99. The firm has a market capitalization of $752.68 million, a P/E ratio of 21.25 and a beta of 1.16. The company’s 50-day moving average price is $31.04 and its 200-day moving average price is $30.06.
First Bancorp (NASDAQ:FBNC) last released its quarterly earnings results on Tuesday, July 25th. The financial services provider reported $0.45 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.43 by $0.02. The firm had revenue of $51.79 million for the quarter, compared to analysts’ expectations of $49.49 million. First Bancorp had a net margin of 17.52% and a return on equity of 7.77%. On average, equities research analysts expect that First Bancorp will post $1.86 EPS for the current fiscal year.
A number of research firms recently weighed in on FBNC. Zacks Investment Research downgraded First Bancorp from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 3rd. Keefe, Bruyette & Woods reissued a “buy” rating and set a $34.00 target price on shares of First Bancorp in a research report on Monday, June 26th. Brean Capital began coverage on First Bancorp in a research report on Friday, June 9th. They set a “buy” rating and a $33.00 target price on the stock. Finally, ValuEngine raised First Bancorp from a “hold” rating to a “buy” rating in a research report on Friday, June 2nd. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $32.50.
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First Bancorp Company Profile
First Bancorp is the bank holding company for First Bank (the Bank). The Company’s principal activity is the ownership and operation of First Bank. The Bank engages in a range of banking activities, including the acceptance of deposits and the making of loans. The Bank offers credit cards, debit cards, letters of credit, safe deposit box rentals and electronic funds transfer services, including wire transfers.
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