The First Bancorp, Inc. (NASDAQ:FNLC) Shares Purchased by Barclays PLC

Barclays PLC raised its position in The First Bancorp, Inc. (NASDAQ:FNLC - Free Report) by 80.1% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 23,135 shares of the bank's stock after buying an additional 10,288 shares during the quarter. Barclays PLC owned about 0.21% of First Bancorp worth $608,000 as of its most recent filing with the SEC.

Other large investors also recently bought and sold shares of the company. Rise Advisors LLC acquired a new position in shares of First Bancorp during the third quarter worth about $37,000. SG Americas Securities LLC acquired a new position in First Bancorp during the 3rd quarter worth approximately $104,000. Means Investment CO. Inc. purchased a new position in shares of First Bancorp during the 3rd quarter worth approximately $226,000. Rhumbline Advisers raised its stake in shares of First Bancorp by 7.7% during the 2nd quarter. Rhumbline Advisers now owns 16,029 shares of the bank's stock worth $398,000 after buying an additional 1,142 shares in the last quarter. Finally, Kimelman & Baird LLC acquired a new stake in shares of First Bancorp in the 2nd quarter valued at approximately $848,000. Hedge funds and other institutional investors own 40.41% of the company's stock.

First Bancorp Price Performance

FNLC stock traded down $0.01 on Friday, reaching $26.14. 23,201 shares of the company's stock were exchanged, compared to its average volume of 22,882. The stock has a fifty day moving average of $27.71 and a 200-day moving average of $26.78. The firm has a market cap of $291.46 million, a PE ratio of 11.03 and a beta of 0.58. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.37. The First Bancorp, Inc. has a twelve month low of $21.77 and a twelve month high of $31.05.

First Bancorp Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, January 16th. Stockholders of record on Monday, January 6th were paid a dividend of $0.36 per share. The ex-dividend date was Monday, January 6th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 5.51%. First Bancorp's dividend payout ratio (DPR) is presently 60.76%.

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 individuals and businesses. It offers various deposit products, including demand, NOW, time, savings, money market, and certificates of deposit accounts. The company also provides commercial loans comprising commercial real estate owner occupied, such as mortgage loans to finance investments in real property such as retail space, offices, industrial buildings, hotels, educational facilities, and other specific or mixed use properties; commercial real estate non-owner occupied loans; commercial construction to finance construction in a mix of owner- and nonowner occupied commercial real estate properties; and commercial and industrial loans, including revolving and term loan for financing working capital and/or capital investment.