How Analysts Feel About First Bancorp (NASDAQ:FBNC)?

December 8, 2017 - By Linda Rogers

 How Analysts Feel About First Bancorp (NASDAQ:FBNC)?
Investors sentiment increased to 1.73 in Q2 2017. Its up 0.65, from 1.08 in 2017Q1. It improved, as 6 investors sold First Bancorp shares while 34 reduced holdings. 24 funds opened positions while 45 raised stakes. 15.92 million shares or 13.34% more from 14.05 million shares in 2017Q1 were reported.
Fsi Grp Limited Liability invested in 140,000 shares or 2.36% of the stock. Renaissance Tech Ltd reported 377,033 shares. California Employees Retirement Sys has invested 0% in First Bancorp (NASDAQ:FBNC). Northern Tru accumulated 291,653 shares. Goldman Sachs, New York-based fund reported 11,748 shares. Voya Inv Mngmt invested in 15,488 shares. 243,895 were accumulated by Huber Capital Mgmt Ltd. Ubs Asset Management Americas stated it has 0% in First Bancorp (NASDAQ:FBNC). Sei Invs has invested 0% of its portfolio in First Bancorp (NASDAQ:FBNC). Invesco, a Georgia-based fund reported 47,122 shares. Us Savings Bank De holds 0% in First Bancorp (NASDAQ:FBNC) or 150 shares. Kennedy Incorporated reported 166,196 shares. Alliancebernstein L P has 0% invested in First Bancorp (NASDAQ:FBNC). Private Advisor Grp Limited reported 0.01% in First Bancorp (NASDAQ:FBNC). Royal Bank & Trust Of Canada reported 90,591 shares.

First Bancorp (NASDAQ:FBNC) Ratings Coverage

Among 9 analysts covering First Bancorp (NASDAQ:FBNC), 4 have Buy rating, 1 Sell and 4 Hold. Therefore 44% are positive. First Bancorp had 20 analyst reports since August 3, 2015 according to SRatingsIntel. The firm has “Market Perform” rating given on Wednesday, May 11 by FIG Partners. The firm has “Market Perform” rating given on Monday, August 3 by Stifel Nicolaus. The stock of First Bancorp (NASDAQ:FBNC) earned “Buy” rating by Keefe Bruyette & Woods on Monday, June 26. The firm has “Overweight” rating given on Thursday, October 5 by PiperJaffray. The rating was maintained by Brean Capital with “Buy” on Wednesday, July 26. Keefe Bruyette & Woods maintained the shares of FBNC in report on Tuesday, October 3 with “Buy” rating. As per Wednesday, August 2, the company rating was maintained by Piper Jaffray. The rating was upgraded by Zacks on Monday, August 24 to “Sell”. The stock of First Bancorp (NASDAQ:FBNC) has “Buy” rating given on Tuesday, July 25 by Piper Jaffray. On Wednesday, September 2 the stock rating was downgraded by Zacks to “Sell”. Below is a list of First Bancorp (NASDAQ:FBNC) latest ratings and price target changes.

01/12/2017 Broker: Brean Capital Rating: Buy Maintain
04/12/2017 Broker: Stephens Rating: Equal-Weight Initiates Coverage On
30/10/2017 Broker: Brean Capital Rating: Buy Maintain
26/10/2017 Broker: Piper Jaffray Rating: Buy New Target: $41.0 Maintain
23/10/2017 Broker: Brean Capital Rating: Buy Maintain
05/10/2017 Broker: PiperJaffray Rating: Overweight New Target: $37 Reinitiate
03/10/2017 Broker: Keefe Bruyette & Woods Rating: Buy New Target: $35.0 Maintain
02/08/2017 Broker: Piper Jaffray Rating: Buy New Target: $34.0000 Maintain
02/08/2017 Broker: Brean Capital Rating: Buy Maintain
26/07/2017 Broker: Brean Capital Rating: Buy New Target: $33.0000 Maintain

The stock increased 0.85% or $0.32 during the last trading session, reaching $38.05. About 213,689 shares traded or 137.11% up from the average. First Bancorp (NASDAQ:FBNC) has risen 47.69% since December 8, 2016 and is uptrending. It has outperformed by 30.99% the S&P500.

First Bancorp operates as the bank holding firm for First Bank that provides banking services and products for individuals and small to medium-sized businesses primarily in North Carolina and northeastern South Carolina. The company has market cap of $1.13 billion. It accepts deposit products, such as checking, savings, and money market accounts, as well as time deposits, including certificates of deposits and individual retirement accounts. It has a 26.52 P/E ratio. The firm also offers loans for a range of consumer and commercial purposes comprising loans for business, agriculture, real estate, personal uses, home improvement, and automobiles.

More recent First Bancorp (NASDAQ:FBNC) news were published by: Seekingalpha.com which released: “First National Bancorp: Discounted Multiple, Comparable Growth, Higher Yield” on December 07, 2017. Also Nasdaq.com published the news titled: “The Zacks Analyst Blog Highlights: First Financial Bancorp, Eagle Bancorp …” on November 30, 2017. Globenewswire.com‘s news article titled: “FIRST BANK HELPS TWO FAMILIES MAKE THEIR DREAMS COME TRUE” with publication date: December 05, 2017 was also an interesting one.

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