CreativeOne Wealth LLC Acquires New Shares in First Bancorp (NASDAQ:FBNC)

CreativeOne Wealth LLC acquired a new stake in First Bancorp (NASDAQ:FBNC) in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 5,068 shares of the financial services provider’s stock, valued at approximately $211,000.

A number of other large investors have also made changes to their positions in the company. Louisiana State Employees Retirement System increased its position in shares of First Bancorp by 1.5% in the 2nd quarter. Louisiana State Employees Retirement System now owns 20,700 shares of the financial services provider’s stock valued at $661,000 after buying an additional 300 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its position in shares of First Bancorp by 1.8% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 19,994 shares of the financial services provider’s stock valued at $832,000 after buying an additional 347 shares in the last quarter. Diversified Trust Co increased its position in shares of First Bancorp by 6.2% in the 2nd quarter. Diversified Trust Co now owns 8,006 shares of the financial services provider’s stock valued at $256,000 after buying an additional 466 shares in the last quarter. The Manufacturers Life Insurance Company increased its position in shares of First Bancorp by 2.8% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 20,933 shares of the financial services provider’s stock valued at $668,000 after buying an additional 566 shares in the last quarter. Finally, Raymond James & Associates increased its position in shares of First Bancorp by 1.5% in the 2nd quarter. Raymond James & Associates now owns 69,575 shares of the financial services provider’s stock valued at $2,221,000 after buying an additional 1,026 shares in the last quarter. Institutional investors own 68.36% of the company’s stock.

Insider Buying and Selling

In other news, Director Suzanne S. Deferie sold 2,036 shares of the stock in a transaction dated Monday, September 23rd. The shares were sold at an average price of $43.77, for a total transaction of $89,115.72. Following the completion of the transaction, the director now directly owns 65,618 shares in the company, valued at $2,872,099.86. This represents a 3.01 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 3.65% of the company’s stock.

First Bancorp Price Performance

Shares of NASDAQ FBNC opened at $46.74 on Wednesday. The firm has a market cap of $1.93 billion, a PE ratio of 18.85 and a beta of 1.04. The company has a current ratio of 0.83, a quick ratio of 0.82 and a debt-to-equity ratio of 0.06. First Bancorp has a 1-year low of $29.53 and a 1-year high of $50.34. The company has a fifty day moving average price of $43.92 and a 200 day moving average price of $39.30.

First Bancorp (NASDAQ:FBNC) last announced its earnings results on Wednesday, October 23rd. The financial services provider reported $0.70 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.70. The firm had revenue of $144.99 million during the quarter, compared to analyst estimates of $97.00 million. First Bancorp had a net margin of 17.98% and a return on equity of 8.00%. Research analysts predict that First Bancorp will post 2.72 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, StockNews.com lowered shares of First Bancorp from a “hold” rating to a “sell” rating in a research note on Thursday, October 24th.

First Bancorp Profile

First Bancorp operates as the bank holding company for First Bank that provides banking products and services for individuals and small to medium-sized businesses. The company accepts deposit products, such as checking, savings, and money market accounts, as well as time deposits, including certificate of deposits and individual retirement accounts.