First Bancorp (NASDAQ:FBNC) Insider Sells $296,550.00 in Stock

February 5, 2026 by InsiderTrades.com

Key Points

Insider sale: First Bancorp insider Mary Clara Capel sold 5,000 shares on Feb. 3 at an average $59.31 for $296,550 and, including recent Jan. sales, has sold 10,142 shares (~$592,275.50), cutting her ownership by 19.69% to 20,400 shares (~$1.21M).
Dividend increase: The company raised its quarterly dividend to $0.24 (from $0.23), an annualized $0.96 payout with a ~1.6% yield; the ex-dividend date and record date are Mar. 31 and the payment is scheduled for Apr. 24.
Quarterly results mixed: First Bancorp reported $1.19 EPS (beating the $1.03 estimate) but revenue missed at $83.9M versus $123.43M expected, and analysts' consensus is a "Moderate Buy" with an average target of $58.00.

First Bancorp (NASDAQ:FBNC - Get Free Report) insider Mary Clara Capel sold 5,000 shares of First Bancorp stock in a transaction dated Tuesday, February 3rd. The stock was sold at an average price of $59.31, for a total value of $296,550.00. Following the transaction, the insider directly owned 20,400 shares in the company, valued at $1,209,924. The trade was a 19.69% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

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

On Friday, January 30th, Mary Clara Capel sold 2,642 shares of First Bancorp stock. The shares were sold at an average price of $57.75, for a total transaction of $152,575.50.
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 transaction of $143,150.00.

First Bancorp Trading Up 1.6%

NASDAQ FBNC opened at $60.52 on Thursday. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.06. The business has a fifty day simple moving average of $54.14 and a 200 day simple moving average of $52.30. First Bancorp has a 12 month low of $34.50 and a 12 month high of $62.31. The firm has a market capitalization of $2.51 billion, a P/E ratio of 22.58 and a beta of 0.90.

First Bancorp (NASDAQ:FBNC - Get Free Report) last posted its quarterly 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. The company had revenue of $83.90 million during the quarter, compared to analyst estimates of $123.43 million. First Bancorp had a net margin of 19.24% and a return on equity of 10.57%. On average, analysts predict that First Bancorp will post 3.27 EPS for the current fiscal year.

First Bancorp Increases Dividend

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

Wall Street Analyst Weigh In

Several analysts recently commented on FBNC shares. Weiss Ratings reissued a "hold (c)" rating on shares of First Bancorp in a research report on Thursday, January 22nd. Wall Street Zen lowered First Bancorp from a "hold" rating to a "sell" rating in a research report on Saturday, November 15th. Zacks Research cut shares of First Bancorp from a "strong-buy" rating to a "hold" rating in a research note on Thursday, January 1st. 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 analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, First Bancorp presently has a consensus rating of "Moderate Buy" and an average target price of $58.00.

Get Our Latest Analysis on First Bancorp

Institutional Investors Weigh In On First Bancorp

Several hedge funds have recently modified their holdings of the company. Smartleaf Asset Management LLC boosted its stake in First Bancorp by 183.6% during the 3rd quarter. Smartleaf Asset Management LLC now owns 553 shares of the financial services provider's stock worth $29,000 after purchasing an additional 358 shares during the last quarter. EverSource Wealth Advisors LLC grew its position in shares of First Bancorp by 2,222.6% in the second quarter. EverSource Wealth Advisors LLC now owns 720 shares of the financial services provider's stock valued at $32,000 after purchasing an additional 689 shares in the last quarter. Quest 10 Wealth Builders Inc. acquired a new stake in shares of First Bancorp in the third quarter valued at approximately $34,000. First Horizon Corp lifted its position in First Bancorp by 83.7% during the fourth quarter. First Horizon Corp now owns 777 shares of the financial services provider's stock worth $39,000 after buying an additional 354 shares in the last quarter. Finally, Torren Management LLC acquired a new position in First Bancorp during the fourth quarter worth $41,000. 68.36% of the stock is owned by hedge funds and other institutional investors.

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.