Proficio Capital Partners LLC Acquires Shares of 14,113 The First Bancorp, Inc. (NASDAQ:FNLC)

Proficio Capital Partners LLC purchased a new stake in The First Bancorp, Inc. (NASDAQ:FNLC - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 14,113 shares of the bank's stock, valued at approximately $386,000. Proficio Capital Partners LLC owned about 0.13% of First Bancorp at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. SG Americas Securities LLC grew its stake in First Bancorp by 11.6% in the fourth quarter. SG Americas Securities LLC now owns 4,421 shares of the bank's stock valued at $121,000 after purchasing an additional 458 shares in the last quarter. Geode Capital Management LLC boosted its holdings in shares of First Bancorp by 0.7% in the 3rd quarter. Geode Capital Management LLC now owns 225,659 shares of the bank's stock valued at $5,940,000 after buying an additional 1,599 shares during the last quarter. Rhumbline Advisers boosted its holdings in shares of First Bancorp by 12.1% in the 4th quarter. Rhumbline Advisers now owns 17,003 shares of the bank's stock valued at $465,000 after buying an additional 1,831 shares during the last quarter. State Street Corp grew its stake in shares of First Bancorp by 1.0% in the third quarter. State Street Corp now owns 214,144 shares of the bank's stock valued at $5,636,000 after buying an additional 2,156 shares in the last quarter. Finally, Stifel Financial Corp increased its holdings in First Bancorp by 28.3% during the third quarter. Stifel Financial Corp now owns 36,604 shares of the bank's stock worth $963,000 after buying an additional 8,079 shares during the last quarter. 40.41% of the stock is owned by institutional investors.

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First Bancorp Stock Performance

NASDAQ FNLC traded down $0.32 on Friday, hitting $24.83. 9,807 shares of the stock were exchanged, compared to its average volume of 18,052. The business's fifty day moving average is $25.50 and its 200 day moving average is $26.59. The First Bancorp, Inc. has a 52 week low of $21.77 and a 52 week high of $31.05. The company has a market capitalization of $278.00 million, a PE ratio of 10.26 and a beta of 0.53. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.85 and a quick ratio of 0.85.

First Bancorp (NASDAQ:FNLC - Get Free Report) last issued its earnings results on Wednesday, January 22nd. The bank reported $0.65 earnings per share (EPS) for the quarter. First Bancorp had a net margin of 16.37% and a return on equity of 10.90%.

First Bancorp Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 18th. Stockholders of record on Tuesday, April 8th will be paid a dividend of $0.36 per share. The ex-dividend date is Tuesday, April 8th. This represents a $1.44 annualized dividend and a dividend yield of 5.80%. First Bancorp's dividend payout ratio is currently 59.50%.

About First Bancorp

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.