First Bancorp (FNLC) Stock Price, News & Analysis

Company Overview

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. In addition, it offers commercial multifamily loans; residential real estate term and residential real estate construction loans; loans to municipalities in Maine for capitalized expenditures, construction projects, or tax anticipation notes; home equity revolving and term loans; and personal lines of credit and amortizing loans for various purposes, such as autos, recreational vehicles, debt consolidation, personal expenses, or overdraft protection. Further, the company offers private banking, financial planning, investment management, and trust services to individuals, businesses, non-profit organizations and municipalities; and brokerage, annuity, and various insurance products, as well as payment processing services. It operates through full-service banking offices in Lincoln, Knox, Waldo, Penobscot, Hancock, and Washington counties in the Mid-Coast, Eastern, and Down East regions of Maine. The company was formerly known as First National Lincoln Corporation and changed its name to The First Bancorp, Inc. in April 2008. The First Bancorp, Inc. was founded in 1864 and is based in Damariscotta, Maine.

Key Stats

• Today's Range: $28.40 to $29.39
• 50-Day Range: $25.32 to $31.02
• 52-Week Range: $21.77 to $31.05
• Volume: 14,346 shs
• Average Volume: 17,526 shs
• Market Capitalization: $320.45 million
• P/E Ratio: 12.13
• Dividend Yield: 5.01%
• Price Target: N/A
• Consensus Rating: N/A

First Bancorp Stock Analysis - MarketRank™

First Bancorp scored higher than 65% of companies evaluated by MarketBeat, and ranked 489th out of 963 stocks in the finance sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: N/A
• Analyst Rating: N/A

Consensus Rating

There is not enough analysis data for First Bancorp.

Earnings and Valuation

• Score: 1.3 / 5
• Proj. Earnings Growth: N/A

Price to Earnings Ratio vs. the Market

The P/E ratio of First Bancorp is 12.13, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 110.62.

Price to Earnings Ratio vs. Sector

The P/E ratio of First Bancorp is 12.13, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 26.07.

Price to Book Value per Share Ratio

First Bancorp has a P/B Ratio of 1.25. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 5.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

0.33% of the float of First Bancorp has been sold short.

Short Interest Ratio / Days to Cover

First Bancorp has a short interest ratio ("days to cover") of 2, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in First Bancorp has recently decreased by 16.71%, indicating that investor sentiment is improving significantly.

Dividend

• Score: 2.5 / 5
• Dividend Strength: Moderate

Dividend Leadership

First Bancorp is a leading dividend payer. It pays a dividend yield of 5.01%, putting its dividend yield in the top 25% of dividend-paying stocks.

Dividend Growth

First Bancorp does not have a long track record of dividend growth.

Dividend Coverage

The dividend payout ratio of First Bancorp is 60.76%. This payout ratio is at a healthy, sustainable level, below 75%.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

0.33% of the float of First Bancorp has been sold short.

Short Interest Ratio / Days to Cover

First Bancorp has a short interest ratio ("days to cover") of 2, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in First Bancorp has recently decreased by 16.71%, indicating that investor sentiment is improving significantly.

News and Social Media

• Score: 3.5 / 5
• News Sentiment: 1.33

News Sentiment

First Bancorp has a news sentiment score of 1.33. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.68 average news sentiment score of Finance companies.

News Coverage This Week

MarketBeat has tracked 3 news articles for First Bancorp this week, compared to 1 article on an average week.

Search Interest

7 people have searched for FNLC on MarketBeat in the last 30 days. This is an increase of 133% compared to the previous 30 days.

Company Ownership

• Score: 0.8 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, First Bancorp insiders have not sold or bought any company stock.

Percentage Held by Insiders

Only 6.01% of the stock of First Bancorp is held by insiders.

Percentage Held by Institutions

40.41% of the stock of First Bancorp is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

FNLC Stock Analysis - Frequently Asked Questions

How have FNLC shares performed this year?

First Bancorp's stock was trading at $28.22 at the start of the year. Since then, FNLC stock has increased by 1.8% and is now trading at $28.74.
View the best growth stocks for 2024 here.

How were First Bancorp's earnings last quarter?

The First Bancorp, Inc. (NASDAQ:FNLC) posted its quarterly earnings data on Wednesday, April, 17th. The bank reported $0.57 EPS for the quarter. The bank had revenue of $16.04 million for the quarter. First Bancorp had a trailing twelve-month return on equity of 10.72% and a net margin of 16.46%.

Who are First Bancorp's major shareholders?

Top institutional shareholders of First Bancorp include First Bancorp Inc ME (6.52%), The Manufacturers Life Insurance Company (3.49%), Geode Capital Management LLC (2.02%) and State Street Corp (1.92%). Insiders that own company stock include Stuart G Smith, Susan A Norton, Kimberly Swan, Sarah Tolman and Robert B Gregory.
View institutional ownership trends.

How do I buy shares of First Bancorp?

Shares of FNLC stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of First Bancorp own?

Based on aggregate information from My MarketBeat watchlists, some other companies that First Bancorp investors own include American Water Works (AWK), Waste Connections (WCN), The RMR Group (RMR), DiamondRock Hospitality (DRH), iShares Micro-Cap ETF (IWC), AUO (AUOTY) and Triple Flag Precious Metals (TFPM).

Company Calendar

• Last Earnings: 4/17/2019
• Ex-Dividend for 10/18 Dividend: 10/08/2024
• Dividend Payable: 10/18/2024
• Today: 11/17/2024
• Fiscal Year End: 12/31/2024
• Next Earnings (Estimated): 1/22/2025

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Finance
• Industry: National commercial banks
• Sub-Industry: Regional Banks
• Current Symbol: NASDAQ:FNLC
• CUSIP: 31866P10
• CIK: 765207
• Web: www.thefirst.com
• Phone: (207) 563-3195
• Fax: 207-563-6853
• Employees: 270
• Year Founded: 1864

Profitability

• EPS (Most Recent Fiscal Year): $2.37
• Trailing P/E Ratio: 12.13
• Forward P/E Ratio: N/A
• P/E Growth: N/A
• Net Income: $29.52 million
• Net Margins: 16.46%
• Pretax Margin: 19.91%
• Return on Equity: 10.72%
• Return on Assets: 0.87%

Debt

• Debt-to-Equity Ratio: 0.37
• Current Ratio: 0.85
• Quick Ratio: 0.84

Sales & Book Value

• Annual Sales: $78.24 million
• Price / Sales: 4.10
• Cash Flow: $2.88 per share
• Price / Cash Flow: 9.97
• Book Value: $23.03 per share
• Price / Book: 1.25

Miscellaneous

• Outstanding Shares: 11,152,000
• Free Float: 10,482,000
• Market Cap: $320.51 million
• Optionable: Optionable
• Beta: 0.56