The First Bancorp, Inc. (NASDAQ:FNLC - Get Free Report) Director Kimberly Swan bought 1,275 shares of the firm's stock in a transaction on Thursday, April 18th. The shares were bought at an average cost of $22.31 per share, with a total value of $28,445.25. Following the transaction, the director now directly owns 9,837 shares of the company's stock, valued at $219,463.47. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.
First Bancorp Stock Up 3.7 %
Shares of First Bancorp stock opened at $22.99 on Friday. The stock has a market capitalization of $255.88 million, a P/E ratio of 9.27 and a beta of 0.56. The stock has a 50 day moving average price of $23.38 and a two-hundred day moving average price of $24.62. The First Bancorp, Inc. has a 12-month low of $21.77 and a 12-month high of $29.16.
First Bancorp (NASDAQ:FNLC - Get Free Report) last announced its earnings results on Wednesday, January 24th. The bank reported $0.60 earnings per share (EPS) for the quarter. The firm had revenue of $19.96 million during the quarter. First Bancorp had a return on equity of 11.79% and a net margin of 18.41%.
First Bancorp Announces Dividend
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The firm also recently declared a quarterly dividend, which was paid on Friday, April 19th. Stockholders of record on Tuesday, April 9th were issued a dividend of $0.35 per share. The ex-dividend date of this dividend was Monday, April 8th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 6.09%. First Bancorp's dividend payout ratio (DPR) is presently 56.45%.
Institutional Inflows and Outflows
A number of large investors have recently modified their holdings of FNLC. Bank of New York Mellon Corp lifted its holdings in shares of First Bancorp by 5.4% during the first quarter. Bank of New York Mellon Corp now owns 96,157 shares of the bank's stock worth $2,892,000 after buying an additional 4,908 shares during the last quarter. American Century Companies Inc. lifted its holdings in shares of First Bancorp by 27.4% during the first quarter. American Century Companies Inc. now owns 16,668 shares of the bank's stock worth $501,000 after buying an additional 3,582 shares during the last quarter. Acadian Asset Management LLC acquired a new position in shares of First Bancorp during the first quarter worth approximately $58,000. MetLife Investment Management LLC lifted its holdings in shares of First Bancorp by 57.0% during the first quarter. MetLife Investment Management LLC now owns 5,900 shares of the bank's stock worth $177,000 after buying an additional 2,142 shares during the last quarter. Finally, Renaissance Technologies LLC lifted its holdings in shares of First Bancorp by 4.4% during the first quarter. Renaissance Technologies LLC now owns 166,795 shares of the bank's stock worth $5,017,000 after buying an additional 7,100 shares during the last quarter. 40.41% of the stock is currently owned by institutional investors and hedge funds.
First Bancorp Company Profile
(
Get Free Report)
The First Bancorp, Inc operates as the holding company for First National Bank that provides a range of banking products and services to individuals and businesses. It offers various deposit products, including demand, NOW, time, savings, money market, and certificates of deposit accounts. The company also provides commercial loans comprising commercial real estate owner occupied, such as mortgage loans to finance investments in real property such as retail space, offices, industrial buildings, hotels, educational facilities, and other specific or mixed use properties; commercial real estate non-owner occupied loans; commercial construction to finance construction in a mix of owner- and nonowner occupied commercial real estate properties; and commercial and industrial loans, including revolving and term loan for financing working capital and/or capital investment.
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