First Bancorp (NASDAQ:FNLC) Stock Price Passes Above 200 Day Moving Average - What's Next?

Shares of The First Bancorp, Inc. (NASDAQ:FNLC - Get Free Report) passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $25.39 and traded as high as $29.78. First Bancorp shares last traded at $29.00, with a volume of 34,058 shares.

First Bancorp Price Performance

The business has a 50 day moving average of $26.59 and a 200 day moving average of $25.39. The company has a market cap of $324.24 million, a PE ratio of 12.27 and a beta of 0.56. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.85 and a quick ratio of 0.84.

First Bancorp Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, October 18th. Investors of record on Tuesday, October 8th were paid a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a yield of 4.95%. The ex-dividend date was Tuesday, October 8th. First Bancorp's payout ratio is 60.76%.

Institutional Trading of First Bancorp

A number of institutional investors and hedge funds have recently added to or reduced their stakes in FNLC. Kimelman & Baird LLC purchased a new position in First Bancorp during the second quarter valued at $848,000. Foundry Partners LLC lifted its position in First Bancorp by 32.5% during the first quarter. Foundry Partners LLC now owns 52,785 shares of the bank's stock valued at $1,301,000 after buying an additional 12,935 shares during the period. Bright Financial Advisors Inc. purchased a new position in First Bancorp during the first quarter valued at $241,000. Quadrature Capital Ltd purchased a new position in First Bancorp during the first quarter valued at $214,000. Finally, Means Investment CO. Inc. purchased a new position in First Bancorp during the third quarter valued at $226,000. 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.