Shares of The First Bancorp, Inc. (NASDAQ:FNLC - Get Free Report) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $25.17 and traded as high as $25.88. First Bancorp shares last traded at $25.78, with a volume of 7,410 shares.
First Bancorp Stock Up 3.2 %
The company has a market cap of $296.32 million, a P/E ratio of 11.22 and a beta of 0.56. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.84 and a current ratio of 0.84. The business's fifty day moving average is $26.43 and its two-hundred day moving average is $25.19.
First Bancorp Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Friday, October 18th. Investors of record on Tuesday, October 8th were paid a $0.36 dividend. The ex-dividend date of this dividend was Tuesday, October 8th. This represents a $1.44 annualized dividend and a yield of 5.41%. First Bancorp's dividend payout ratio (DPR) is currently 60.76%.
Institutional Investors Weigh In On First Bancorp
A number of institutional investors and hedge funds have recently bought and sold shares of FNLC. Kimelman & Baird LLC purchased a new position in shares of First Bancorp during the second quarter valued at $848,000. Foundry Partners LLC boosted its stake in shares of 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 purchasing an additional 12,935 shares in the last quarter. Quadrature Capital Ltd purchased a new position in First Bancorp during the first quarter valued at approximately $214,000. Vanguard Group Inc. raised its stake in First Bancorp by 0.7% in the first quarter. Vanguard Group Inc. now owns 492,518 shares of the bank's stock worth $12,136,000 after buying an additional 3,535 shares in the last quarter. Finally, SG Americas Securities LLC purchased a new stake in First Bancorp during the third quarter worth $104,000. 40.41% of the stock is owned by institutional investors.
First Bancorp Company Profile
(
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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.
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