BidaskClub cut shares of First Bancorp (NASDAQ:FNLC) from a buy rating to a hold rating in a report released on Wednesday.
Separately, ValuEngine upgraded First Bancorp from a sell rating to a hold rating in a report on Tuesday, November 13th.
FNLC traded down $0.78 during trading on Wednesday, reaching $27.00. The stock had a trading volume of 2,115 shares, compared to its average volume of 7,037. The company has a current ratio of 0.77, a quick ratio of 0.76 and a debt-to-equity ratio of 0.35. The company has a market cap of $301.70 million, a price-to-earnings ratio of 13.48 and a beta of 0.61. First Bancorp has a one year low of $25.03 and a one year high of $31.61.
A number of institutional investors and hedge funds have recently bought and sold shares of FNLC. MetLife Investment Advisors LLC raised its holdings in First Bancorp by 59.4% in the third quarter. MetLife Investment Advisors LLC now owns 8,460 shares of the bank’s stock worth $245,000 after purchasing an additional 3,152 shares in the last quarter. FineMark National Bank & Trust bought a new position in First Bancorp in the second quarter worth $490,000. Schwab Charles Investment Management Inc. grew its stake in shares of First Bancorp by 15.4% in the second quarter. Schwab Charles Investment Management Inc. now owns 21,114 shares of the bank’s stock worth $596,000 after acquiring an additional 2,818 shares during the last quarter. ProVise Management Group LLC purchased a new stake in shares of First Bancorp in the second quarter worth $869,000. Finally, California Public Employees Retirement System grew its stake in shares of First Bancorp by 6.2% in the second quarter. California Public Employees Retirement System now owns 36,295 shares of the bank’s stock worth $1,024,000 after acquiring an additional 2,132 shares during the last quarter. Institutional investors and hedge funds own 33.08% of the company’s stock.
First Bancorp Company Profile
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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