The First Bancorp, Inc. (NASDAQ:FNLC) Short Interest Update

The First Bancorp, Inc. (NASDAQ:FNLC - Get Free Report) saw a large growth in short interest during the month of February. As of February 28th, there was short interest totalling 33,000 shares, a growth of 17.9% from the February 13th total of 28,000 shares. Currently, 0.3% of the company's stock are sold short. Based on an average daily volume of 22,900 shares, the days-to-cover ratio is presently 1.4 days.

Institutional Investors Weigh In On First Bancorp

A number of institutional investors have recently made changes to their positions in FNLC. SG Americas Securities LLC boosted its holdings in First Bancorp by 11.6% in the fourth quarter. SG Americas Securities LLC now owns 4,421 shares of the bank's stock worth $121,000 after purchasing an additional 458 shares during the period. Wells Fargo & Company MN lifted its holdings in First Bancorp by 22.0% in the fourth quarter. Wells Fargo & Company MN now owns 7,604 shares of the bank's stock worth $208,000 after acquiring an additional 1,369 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in First Bancorp by 0.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 473,481 shares of the bank's stock valued at $12,949,000 after acquiring an additional 1,525 shares during the period. Geode Capital Management LLC grew its holdings in shares of First Bancorp by 0.7% during the third quarter. Geode Capital Management LLC now owns 225,659 shares of the bank's stock valued at $5,940,000 after purchasing an additional 1,599 shares during the last quarter. Finally, Rhumbline Advisers lifted 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 worth $465,000 after purchasing an additional 1,831 shares during the last quarter. 40.41% of the stock is currently owned by institutional investors.

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First Bancorp Stock Up 0.5 %

Shares of First Bancorp stock traded up $0.13 on Friday, hitting $25.08. 53,347 shares of the company's stock traded hands, compared to its average volume of 17,575. First Bancorp has a 52-week low of $21.77 and a 52-week high of $31.05. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.37. The stock has a market cap of $280.80 million, a P/E ratio of 10.36 and a beta of 0.53. The firm's 50-day moving average is $25.60 and its 200 day moving average is $26.63.

First Bancorp (NASDAQ:FNLC - Get Free Report) last released its 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 Company 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.