ValuEngine lowered shares of First Bancorp (NASDAQ:FNLC) from a hold rating to a sell rating in a research report sent to investors on Monday morning.
Separately, BidaskClub raised shares of First Bancorp from a sell rating to a hold rating in a research report on Saturday, October 6th.
FNLC stock opened at $28.20 on Monday. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 0.36. The company has a market capitalization of $297.64 million, a price-to-earnings ratio of 13.31 and a beta of 0.62. First Bancorp has a 12 month low of $25.03 and a 12 month high of $32.33.
Large investors have recently added to or reduced their stakes in the stock. FineMark National Bank & Trust acquired a new position in First Bancorp during the 2nd quarter valued at $490,000. Schwab Charles Investment Management Inc. raised its stake in First Bancorp by 15.4% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 21,114 shares of the bank’s stock valued at $596,000 after purchasing an additional 2,818 shares during the last quarter. ProVise Management Group LLC acquired a new position in First Bancorp during the 2nd quarter valued at $869,000. California Public Employees Retirement System raised its stake in First Bancorp by 6.2% during the 2nd quarter. California Public Employees Retirement System now owns 36,295 shares of the bank’s stock valued at $1,024,000 after purchasing an additional 2,132 shares during the last quarter. Finally, Northern Trust Corp raised its stake in First Bancorp by 3.6% during the 2nd quarter. Northern Trust Corp now owns 124,408 shares of the bank’s stock valued at $3,511,000 after purchasing an additional 4,340 shares during the last quarter. Hedge funds and other institutional investors own 32.88% of the company’s stock.
About First Bancorp
The First Bancorp, Inc operates as the holding company for First National Bank that provides a range of banking products and services to individual and corporate customers. The company offers various deposit products, including demand, NOW, savings, money market, and certificates of deposit accounts.
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