Mary Clara Capel Sells 2,642 Shares of First Bancorp (NASDAQ:FBNC) Stock

February 4, 2026 by InsiderTrades.com

Key Points

Insider sale: Mary Clara Capel sold 2,642 shares of First Bancorp on Jan. 30 at an average price of $57.75 for $152,575.50 (and had sold 2,500 shares on Jan. 28 at $57.26); the Jan. 30 sale cut her ownership by 9.42% to 25,400 shares (≈$1.47M).
Dividend increase: First Bancorp raised its quarterly dividend to $0.24 (from $0.23); the ex-dividend/record date is Mar. 31 and the dividend ($0.96 annualized) yields about 1.6%, payable Apr. 24.
Earnings summary: the company reported $1.19 EPS for the quarter, beating the $1.03 estimate, but revenue of $83.9M missed expectations of $123.43M; analysts project FY EPS of 3.27 and the consensus rating is a "Moderate Buy" with an average $58 price target.

First Bancorp (NASDAQ:FBNC - Get Free Report) insider Mary Clara Capel sold 2,642 shares of the stock in a transaction on Friday, January 30th. The shares were sold at an average price of $57.75, for a total value of $152,575.50. Following the completion of the sale, the insider owned 25,400 shares in the company, valued at approximately $1,466,850. The trade was a 9.42% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

Mary Clara Capel also recently made the following trade(s):

On Wednesday, January 28th, Mary Clara Capel sold 2,500 shares of First Bancorp stock. The stock was sold at an average price of $57.26, for a total value of $143,150.00.

First Bancorp Price Performance

FBNC stock opened at $59.54 on Wednesday. First Bancorp has a 1 year low of $34.50 and a 1 year high of $62.31. The firm has a market capitalization of $2.47 billion, a P/E ratio of 22.22 and a beta of 0.90. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.82 and a quick ratio of 0.82. The business's 50-day moving average is $53.96 and its two-hundred day moving average is $52.24.

First Bancorp (NASDAQ:FBNC - Get Free Report) last issued its earnings results on Wednesday, January 21st. The financial services provider reported $1.19 earnings per share for the quarter, beating the consensus estimate of $1.03 by $0.16. First Bancorp had a net margin of 19.24% and a return on equity of 10.57%. The firm had revenue of $83.90 million for the quarter, compared to analysts' expectations of $123.43 million. Analysts anticipate that First Bancorp will post 3.27 earnings per share for the current fiscal year.

First Bancorp Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, April 24th. Investors of record on Tuesday, March 31st will be paid a dividend of $0.24 per share. The ex-dividend date is Tuesday, March 31st. This is an increase from First Bancorp's previous quarterly dividend of $0.23. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.6%. First Bancorp's payout ratio is presently 34.33%.

Analysts Set New Price Targets

Several research analysts have recently issued reports on FBNC shares. Wall Street Zen cut First Bancorp from a "hold" rating to a "sell" rating in a research report on Saturday, November 15th. Zacks Research downgraded shares of First Bancorp from a "strong-buy" rating to a "hold" rating in a research report on Thursday, January 1st. Weiss Ratings reissued a "hold (c)" rating on shares of First Bancorp in a research report on Thursday, January 22nd. Finally, Raymond James Financial upgraded shares of First Bancorp from a "market perform" rating to a "strong-buy" rating and set a $62.00 price target for the company in a research note on Wednesday, January 7th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $58.00.

Check Out Our Latest Report on FBNC

Hedge Funds Weigh In On First Bancorp

A number of large investors have recently made changes to their positions in the stock. Campbell & CO Investment Adviser LLC acquired a new stake in First Bancorp during the second quarter worth approximately $393,000. Beacon Pointe Advisors LLC increased its holdings in shares of First Bancorp by 159.0% during the 2nd quarter. Beacon Pointe Advisors LLC now owns 95,039 shares of the financial services provider's stock worth $4,190,000 after buying an additional 58,339 shares during the last quarter. Schroder Investment Management Group acquired a new position in First Bancorp in the second quarter valued at $17,999,000. State of Alaska Department of Revenue grew its position in First Bancorp by 7.6% during the second quarter. State of Alaska Department of Revenue now owns 24,642 shares of the financial services provider's stock valued at $1,085,000 after acquiring an additional 1,732 shares during the period. Finally, Gabelli Funds LLC purchased a new position in shares of First Bancorp in the 2nd quarter worth about $4,056,000. Hedge funds and other institutional investors own 68.36% of the company's stock.

About First Bancorp

(Get Free Report)

First Bancorp operates as the bank holding company for First Bank, offering a broad range of commercial and consumer banking services. Its core offerings include business lending, treasury and cash management, residential and commercial mortgage financing, and consumer deposit products. Through its subsidiary, First Bank provides online and branch-based banking solutions, including checking and savings accounts, certificate of deposits, and digital banking tools designed to meet the needs of individuals, small- to mid-sized businesses, and professional institutions.

The company maintains a network of full-service banking centers and loan production offices across North Carolina and South Carolina, with a focus on markets in the Piedmont, Sandhills and coastal regions.