News headlines about First Bancorp (NASDAQ:FBNC) have trended somewhat positive recently, Alpha One reports. The research group, a division of Accern, identifies negative and positive press coverage by monitoring more than twenty million blog and news sources. Alpha One ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. First Bancorp earned a daily sentiment score of 0.14 on Alpha One’s scale. Alpha One also assigned media headlines about the financial services provider an impact score of 15 out of 100, meaning that recent press coverage is very unlikely to have an effect on the company’s share price in the near term.
These are some of the media headlines that may have effected AlphaOne’s analysis:
Shares of First Bancorp (NASDAQ:FBNC) traded up 0.07% on Friday, reaching $29.97. The company had a trading volume of 106,826 shares. First Bancorp has a 52 week low of $17.15 and a 52 week high of $32.27. The firm has a market capitalization of $665.93 million, a P/E ratio of 22.42 and a beta of 1.10. The company’s 50-day moving average price is $29.34 and its 200 day moving average price is $27.20.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 25th. Shareholders of record on Friday, March 31st were given a dividend of $0.08 per share. The ex-dividend date of this dividend was Wednesday, March 29th. This represents a $0.32 dividend on an annualized basis and a yield of 1.07%. First Bancorp’s payout ratio is 24.06%.
Separately, Zacks Investment Research downgraded First Bancorp from a “buy” rating to a “hold” rating in a report on Wednesday, March 29th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. First Bancorp has an average rating of “Buy” and a consensus target price of $26.88.
In other First Bancorp news, insider Eric P. Credle purchased 1,000 shares of First Bancorp stock in a transaction dated Thursday, May 4th. The stock was acquired at an average cost of $29.89 per share, with a total value of $29,890.00. Following the acquisition, the insider now directly owns 26,674 shares of the company’s stock, valued at $797,285.86. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Insiders have acquired a total of 3,222 shares of company stock valued at $93,519 over the last ninety days. 2.37% of the stock is owned by insiders.
About First Bancorp
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.