Connor Clark & Lunn Investment Management Ltd. Makes New $330,000 Investment in The First Bancorp, Inc. (NASDAQ:FNLC)

Connor Clark & Lunn Investment Management Ltd. bought a new stake in shares of The First Bancorp, Inc. (NASDAQ:FNLC - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 12,073 shares of the bank's stock, valued at approximately $330,000. Connor Clark & Lunn Investment Management Ltd. owned approximately 0.11% of First Bancorp at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the business. Barclays PLC grew its position in shares of First Bancorp by 80.1% during the 3rd quarter. Barclays PLC now owns 23,135 shares of the bank's stock worth $608,000 after buying an additional 10,288 shares during the period. Geode Capital Management LLC grew its holdings in First Bancorp by 0.7% in the third quarter. Geode Capital Management LLC now owns 225,659 shares of the bank's stock worth $5,940,000 after purchasing an additional 1,599 shares during the period. JPMorgan Chase & Co. increased its stake in First Bancorp by 285.2% in the third quarter. JPMorgan Chase & Co. now owns 22,354 shares of the bank's stock valued at $588,000 after purchasing an additional 16,551 shares in the last quarter. Rhumbline Advisers raised its holdings in shares of First Bancorp by 12.1% during the fourth quarter. Rhumbline Advisers now owns 17,003 shares of the bank's stock valued at $465,000 after purchasing an additional 1,831 shares during the period. Finally, Proficio Capital Partners LLC bought a new position in shares of First Bancorp during the 4th quarter worth about $386,000. Institutional investors and hedge funds own 40.41% of the company's stock.

First Bancorp Stock Up 0.8 %

Shares of FNLC traded up $0.20 during trading hours on Thursday, hitting $25.15. The stock had a trading volume of 16,491 shares, compared to its average volume of 17,603. The firm has a 50 day simple moving average of $25.55 and a 200-day simple moving average of $26.60. The First Bancorp, Inc. has a 1-year low of $21.77 and a 1-year high of $31.05. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.85 and a quick ratio of 0.85. The firm has a market capitalization of $281.58 million, a P/E ratio of 10.39 and a beta of 0.53.

First Bancorp (NASDAQ:FNLC - Get Free Report) last released its quarterly earnings data on Wednesday, January 22nd. The bank reported $0.65 EPS for the quarter. First Bancorp had a return on equity of 10.90% and a net margin of 16.37%.

About First Bancorp

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.