First Bancorp (NASDAQ:FBNC) Releases Earnings Results, Beats Estimates By $0.04 EPS

First Bancorp (NASDAQ:FBNC - Get Free Report) released its quarterly earnings data on Wednesday. The financial services provider reported $0.76 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.72 by $0.04, Zacks reports. First Bancorp had a net margin of 17.98% and a return on equity of 8.00%.

First Bancorp Stock Performance

Shares of NASDAQ FBNC traded down $0.19 during midday trading on Wednesday, hitting $43.94. The company's stock had a trading volume of 208,150 shares, compared to its average volume of 168,686. The firm has a market capitalization of $1.82 billion, a price-to-earnings ratio of 17.72 and a beta of 1.05. The stock has a fifty day moving average price of $45.26 and a 200 day moving average price of $43.04. First Bancorp has a one year low of $29.53 and a one year high of $50.34. The company has a current ratio of 0.83, a quick ratio of 0.82 and a debt-to-equity ratio of 0.06.

Wall Street Analysts Forecast Growth

FBNC has been the topic of a number of recent analyst reports. StockNews.com lowered shares of First Bancorp from a "hold" rating to a "sell" rating in a research report on Thursday, October 24th. Keefe, Bruyette & Woods lifted their price objective on shares of First Bancorp from $49.00 to $56.00 and gave the stock an "outperform" rating in a research report on Wednesday, December 4th.

First Bancorp Company 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.

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