First Bancorp (NASDAQ:FNLC) Stock Crosses Above 200 Day Moving Average - Here's What Happened

The First Bancorp, Inc. (NASDAQ:FNLC - Get Free Report) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $26.20 and traded as high as $28.71. First Bancorp shares last traded at $28.30, with a volume of 22,856 shares traded.

First Bancorp Trading Down 0.5 %

The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.85 and a current ratio of 0.85. The firm has a market cap of $313.98 million, a PE ratio of 11.94 and a beta of 0.58. The stock has a 50-day simple moving average of $27.67 and a two-hundred day simple moving average of $26.20.

First Bancorp Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 18th. Investors of record on Tuesday, October 8th were given a dividend of $0.36 per share. The ex-dividend date was Tuesday, October 8th. This represents a $1.44 dividend on an annualized basis and a yield of 5.11%. First Bancorp's dividend payout ratio (DPR) is 60.76%.

Institutional Trading of First Bancorp

Hedge funds have recently bought and sold shares of the company. First Bancorp Inc ME increased its stake in shares of First Bancorp by 0.8% in the 2nd quarter. First Bancorp Inc ME now owns 732,959 shares of the bank's stock worth $18,214,000 after purchasing an additional 5,755 shares in the last quarter. Bank of New York Mellon Corp increased its position in First Bancorp by 9.9% in the second quarter. Bank of New York Mellon Corp now owns 49,663 shares of the bank's stock worth $1,234,000 after buying an additional 4,477 shares in the last quarter. Rhumbline Advisers raised its stake in shares of First Bancorp by 7.7% in the second quarter. Rhumbline Advisers now owns 16,029 shares of the bank's stock worth $398,000 after buying an additional 1,142 shares during the period. Foundry Partners LLC lifted its position in shares of First Bancorp by 17.3% during the 2nd quarter. Foundry Partners LLC now owns 61,925 shares of the bank's stock valued at $1,539,000 after buying an additional 9,140 shares in the last quarter. Finally, Kimelman & Baird LLC bought a new position in shares of First Bancorp during the 2nd quarter valued at approximately $848,000. Hedge funds and other institutional investors own 40.41% of the company's stock.

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.