First Bancorp (NASDAQ:FBNC) Downgraded by Piper Sandler to Neutral

First Bancorp stock has undergone multiple analysts rating changes in the recent past.  First Bancorp Downgraded by Piper Sandler on 10-12-21. In a note to investors, the firm issued a new rating of Neutral. The analysts previously had rating of Overweight.

Shares of First Bancorp traded up $0.20 on Tuesday, reaching $49.95. 0 shares of the stock traded hands, compared to its average volume of 139886. Shares of First Bancorp were trading at $49.95 on Tuesday. The firm’s 50 day moving average is $42.15 and its 200 day moving average is $41.27.First Bancorp has a 12 month low of $47.68 and a 12 month high of $50.35. While on yearly highs and lows, First Bancorp’s today has traded high as $50.35 and has touched $47.68 on the downward trend. See More Analyst Rating at: RATING

First Bancorp Earnings and What to expect: 

First Bancorp last released its quarterly earnings data on July 26th, 2021. The financial services provider reported $1.04 EPS for the quarter, beating the consensus estimate of $0.92 by $0.12. The company earned $80.13 million during the quarter, compared to analysts’ expectations of $74.57 million. First Bancorp has generated $2.59 earnings per share over the last year ($3.66 diluted earnings per share) and currently has a price-to-earnings ratio of 13.6. Earnings for First Bancorp are expected to decrease by -4.94% in the coming year, from $3.44 to $3.27 per share. First Bancorp has not formally confirmed its next earnings publication date, but the company’s estimated earnings date is Monday, October 25th, 2021 based off prior year’s report dates.

Earnings for First Bancorp are expected to decrease by -4.94% in the coming year, from $3.44 to $3.27 per share. The P/E ratio of First Bancorp is 13.65, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 14.78. The P/E ratio of First Bancorp is 13.65, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 14.56. First Bancorp has a P/B Ratio of 1.60. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

First Bancorp (NASDAQ:FBNC) Moving Average Technical Analysis

5 day Moving Average is $47.92 And 5 day price change is $6.01 (13.68%)  with average volume for 5 day average is 398,420. While technical analysis for average 20 days shows significant difference, 20 day moving average is  $43.36 and 20 day price change is $11.05 (28.41%) and average 20 day moving volume is 200,565. 50 day moving average is $42.15  and 50 day price change is $9.89 ( 24.69%)  and with average volume for 50 days is : 128,270. 200 day moving average is $41.27  and 200 day price change is $16.44 (49.06%)  and with average volume for 200 days is : 130,101.

Other owners latest trading in First Bancorp :

  • On 10/12/2021 shares held by Louisiana State Employees Retirement System were 13,700 which equates to market value of $0.59M and appx 0.00% owners of First Bancorp
  • On 10/7/2021 shares held by State of Alaska Department of Revenue were 20,782 which equates to market value of $0.89M and appx 0.00% owners of First Bancorp
  • On 9/3/2021 shares held by Parametric Portfolio Associates LLC were 50,650 which equates to market value of $2.07M and appx 0.00% owners of First Bancorp
  • In total Institutional ownership equates to Institutional Ownership Percentage: 76.68% for First Bancorp

See More Analyst Rating at: RATING