First Bancorp (NASDAQ:FBNC) Shares Purchased by Hantz Financial Services Inc.

Hantz Financial Services Inc. boosted its stake in shares of First Bancorp (NASDAQ:FBNC - Free Report) by 26.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 42,714 shares of the financial services provider's stock after purchasing an additional 8,896 shares during the period. Hantz Financial Services Inc. owned approximately 0.10% of First Bancorp worth $1,878,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the stock. Envestnet Asset Management Inc. lifted its stake in First Bancorp by 8.5% during the 2nd quarter. Envestnet Asset Management Inc. now owns 84,596 shares of the financial services provider's stock valued at $2,700,000 after acquiring an additional 6,628 shares during the period. Sei Investments Co. raised its holdings in shares of First Bancorp by 15.7% during the second quarter. Sei Investments Co. now owns 77,955 shares of the financial services provider's stock worth $2,488,000 after purchasing an additional 10,572 shares during the last quarter. Squarepoint Ops LLC acquired a new position in First Bancorp during the second quarter valued at $698,000. The Manufacturers Life Insurance Company boosted its holdings in First Bancorp by 2.8% in the second quarter. The Manufacturers Life Insurance Company now owns 20,933 shares of the financial services provider's stock valued at $668,000 after purchasing an additional 566 shares during the last quarter. Finally, Truist Financial Corp grew its position in First Bancorp by 165.2% during the 2nd quarter. Truist Financial Corp now owns 34,911 shares of the financial services provider's stock worth $1,114,000 after purchasing an additional 21,749 shares during the period. Institutional investors and hedge funds own 68.36% of the company's stock.

Analyst Ratings Changes

Several equities analysts have recently issued reports on FBNC shares. Keefe, Bruyette & Woods boosted their price objective on First Bancorp from $49.00 to $56.00 and gave the company an "outperform" rating in a report on Wednesday, December 4th. StockNews.com cut First Bancorp from a "hold" rating to a "sell" rating in a research report on Thursday, October 24th.

First Bancorp Stock Performance

Shares of FBNC traded down $0.82 during trading hours on Monday, hitting $43.31. The stock had a trading volume of 107,415 shares, compared to its average volume of 174,063. The firm has a market capitalization of $1.79 billion, a price-to-earnings ratio of 23.51 and a beta of 1.04. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.81 and a current ratio of 0.81. The firm has a 50-day moving average price of $45.10 and a 200 day moving average price of $43.18. First Bancorp has a fifty-two week low of $29.53 and a fifty-two week high of $50.34.

First Bancorp (NASDAQ:FBNC - Get Free Report) last issued its quarterly earnings data on Wednesday, January 29th. The financial services provider reported $0.76 earnings per share for the quarter, topping analysts' consensus estimates of $0.72 by $0.04. First Bancorp had a net margin of 14.19% and a return on equity of 8.04%. As a group, research analysts anticipate that First Bancorp will post 3.09 EPS for the current year.

About First Bancorp

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.