First Bancorp, Inc (ME) (NASDAQ:FNLC - Get Free Report) Director Kimberly Swan purchased 1,500 shares of the firm's stock in a transaction on Thursday, April 30th. The stock was acquired at an average price of $28.69 per share, with a total value of $43,035.00. Following the completion of the purchase, the director owned 14,470 shares of the company's stock, valued at $415,144.30. The trade was a 11.57% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.
First Bancorp, Inc (ME) Trading Up 1.5%
First Bancorp, Inc (ME) stock opened at $28.89 on Friday. The stock has a 50-day moving average of $28.31 and a two-hundred day moving average of $27.18. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.88 and a current ratio of 0.88. First Bancorp, Inc has a one year low of $23.36 and a one year high of $30.33. The stock has a market cap of $325.59 million, a PE ratio of 8.92 and a beta of 0.52.
First Bancorp, Inc (ME) (NASDAQ:FNLC - Get Free Report) last released its quarterly earnings results on Wednesday, April 22nd. The bank reported $0.80 EPS for the quarter. First Bancorp, Inc (ME) had a return on equity of 13.23% and a net margin of 20.34%.The company had revenue of $25.14 million during the quarter.
First Bancorp, Inc (ME) Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Friday, April 17th. Investors of record on Tuesday, April 7th were given a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a yield of 5.1%. The ex-dividend date was Tuesday, April 7th. First Bancorp, Inc (ME)'s dividend payout ratio (DPR) is currently 45.68%.
Wall Street Analysts Forecast Growth
Separately, Weiss Ratings upgraded First Bancorp, Inc (ME) from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Wednesday, February 4th. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat.com, the company currently has an average rating of "Buy".
Read Our Latest Stock Report on FNLC
Institutional Trading of First Bancorp, Inc (ME)
A number of institutional investors have recently made changes to their positions in the company. Invesco Ltd. boosted its stake in shares of First Bancorp, Inc (ME) by 10.3% in the fourth quarter. Invesco Ltd. now owns 8,551 shares of the bank's stock worth $226,000 after acquiring an additional 799 shares during the last quarter. Empowered Funds LLC boosted its stake in shares of First Bancorp, Inc (ME) by 7.9% in the fourth quarter. Empowered Funds LLC now owns 8,746 shares of the bank's stock worth $231,000 after acquiring an additional 642 shares during the last quarter. Millennium Management LLC boosted its stake in shares of First Bancorp, Inc (ME) by 19.8% in the fourth quarter. Millennium Management LLC now owns 12,232 shares of the bank's stock worth $323,000 after acquiring an additional 2,021 shares during the last quarter. Bridgeway Capital Management LLC boosted its stake in shares of First Bancorp, Inc (ME) by 230.0% in the fourth quarter. Bridgeway Capital Management LLC now owns 30,046 shares of the bank's stock worth $794,000 after acquiring an additional 20,942 shares during the last quarter. Finally, Trexquant Investment LP boosted its stake in shares of First Bancorp, Inc (ME) by 56.9% in the fourth quarter. Trexquant Investment LP now owns 26,514 shares of the bank's stock worth $701,000 after acquiring an additional 9,619 shares during the last quarter. 40.41% of the stock is owned by institutional investors and hedge funds.
First Bancorp, Inc (ME) Company Profile
(
Get Free Report)
First Bancorp, Inc (NASDAQ: FNLC) is a Maine-based bank holding company headquartered in Dover-Foxcroft. Through its principal subsidiary, The First National Bank of Dover-Foxcroft, the company provides a full suite of community banking services to individuals, small businesses and nonprofit organizations. Its core deposit offerings include checking, savings, money market and certificate of deposit accounts, complemented by online and mobile banking platforms.
On the lending side, First Bancorp's product portfolio spans consumer and residential mortgage loans as well as commercial and agricultural lending.
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