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

Proficio Capital Partners LLC bought a new position in shares of The First Bancorp, Inc. (NASDAQ:FNLC - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 14,113 shares of the bank's stock, valued at approximately $386,000. Proficio Capital Partners LLC owned approximately 0.13% of First Bancorp as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of FNLC. Rhumbline Advisers increased its position 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 purchasing an additional 1,831 shares during the last quarter. SeaBridge Investment Advisors LLC purchased a new position in shares of First Bancorp in the 4th quarter valued at $341,000. SG Americas Securities LLC grew its position in shares of First Bancorp by 11.6% in the 4th quarter. SG Americas Securities LLC now owns 4,421 shares of the bank's stock valued at $121,000 after buying an additional 458 shares during the last quarter. Bath Savings Trust Co purchased a new position in shares of First Bancorp in the 4th quarter valued at $245,000. Finally, JPMorgan Chase & Co. grew its position in shares of First Bancorp by 285.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 22,354 shares of the bank's stock valued at $588,000 after buying an additional 16,551 shares during the last quarter. Hedge funds and other institutional investors own 40.41% of the company's stock.

First Bancorp Stock Up 1.2 %

Shares of NASDAQ FNLC traded up $0.30 during mid-day trading on Friday, reaching $24.81. The company had a trading volume of 13,318 shares, compared to its average volume of 17,555. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.37. The firm has a 50 day simple moving average of $25.74 and a two-hundred day simple moving average of $26.74. The stock has a market cap of $276.68 million, a P/E ratio of 10.25 and a beta of 0.53. The First Bancorp, Inc. has a 52-week low of $21.77 and a 52-week high of $31.05.

Remove Ads

First Bancorp (NASDAQ:FNLC - Get Free Report) last issued its quarterly earnings results on Wednesday, January 22nd. The bank reported $0.65 earnings per share 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 company also recently announced a quarterly dividend, which was paid on Thursday, January 16th. Stockholders of record on Monday, January 6th were paid a $0.36 dividend. This represents a $1.44 annualized dividend and a dividend yield of 5.80%. The ex-dividend date of this dividend was Monday, January 6th. First Bancorp's dividend payout ratio (DPR) is presently 59.50%.

First Bancorp 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.