First Bancorp Inc (NASDAQ:FNLC) CEO Tony C. Mckim Sells 7,216 Shares of Stock

First Bancorp Inc (NASDAQ:FNLC) CEO Tony C. Mckim sold 7,216 shares of the firm’s stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of $28.11, for a total transaction of $202,841.76.

NASDAQ:FNLC traded down $0.14 during mid-day trading on Thursday, hitting $27.97. The stock had a trading volume of 18,500 shares, compared to its average volume of 10,052. First Bancorp Inc has a twelve month low of $24.19 and a twelve month high of $29.40. The stock has a market cap of $306.94 million, a price-to-earnings ratio of 12.09 and a beta of 0.67. The company’s 50 day simple moving average is $27.98 and its 200 day simple moving average is $26.37. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.72 and a current ratio of 0.72.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 22nd. Shareholders of record on Monday, October 7th were given a dividend of $0.30 per share. The ex-dividend date of this dividend was Friday, October 4th. This represents a $1.20 annualized dividend and a yield of 4.29%.

Several equities research analysts recently issued reports on FNLC shares. ValuEngine downgraded shares of First Bancorp from a “hold” rating to a “sell” rating in a research note on Thursday, October 24th. BidaskClub downgraded shares of First Bancorp from a “buy” rating to a “hold” rating in a research note on Wednesday.

A number of hedge funds have recently modified their holdings of the business. Vanguard Group Inc. lifted its position in First Bancorp by 0.3% during the second quarter. Vanguard Group Inc. now owns 424,053 shares of the bank’s stock worth $11,385,000 after acquiring an additional 1,124 shares during the last quarter. Renaissance Technologies LLC lifted its position in First Bancorp by 0.3% during the second quarter. Renaissance Technologies LLC now owns 222,664 shares of the bank’s stock worth $5,979,000 after acquiring an additional 664 shares during the last quarter. Bank of New York Mellon Corp lifted its position in First Bancorp by 0.8% during the second quarter. Bank of New York Mellon Corp now owns 64,157 shares of the bank’s stock worth $1,722,000 after acquiring an additional 528 shares during the last quarter. California Public Employees Retirement System lifted its position in First Bancorp by 9.7% during the third quarter. California Public Employees Retirement System now owns 36,958 shares of the bank’s stock worth $1,016,000 after acquiring an additional 3,263 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its position in First Bancorp by 6.2% during the second quarter. Charles Schwab Investment Management Inc. now owns 25,139 shares of the bank’s stock worth $675,000 after acquiring an additional 1,478 shares during the last quarter. Hedge funds and other institutional investors own 33.44% 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.

Read More: Stock Symbols and CUSIP Explained

Receive News & Ratings for First Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for First Bancorp and related companies with MarketBeat.com's FREE daily email newsletter.