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NASDAQ:FNLC

First Bancorp (FNLC) Stock Price, News & Analysis

First Bancorp logo
$26.07
+0.17 (+0.66%)
(As of 11/1/2024 ET)

About First Bancorp Stock (NASDAQ:FNLC)

Key Stats

Today's Range
$25.90
$26.10
50-Day Range
$25.32
$27.89
52-Week Range
$21.77
$29.75
Volume
10,399 shs
Average Volume
16,052 shs
Market Capitalization
$290.42 million
P/E Ratio
11.00
Dividend Yield
5.52%
Price Target
N/A
Consensus Rating
N/A

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.

First Bancorp Stock Analysis - MarketRank™

See Top Rated MarketRank™ Stocks
55th Percentile Overall Score

FNLC MarketRank™: 

First Bancorp scored higher than 55% of companies evaluated by MarketBeat, and ranked 564th out of 949 stocks in the finance sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • Price to Earnings Ratio vs. the Market

    The P/E ratio of First Bancorp is 11.00, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 128.12.

  • Price to Earnings Ratio vs. Sector

    The P/E ratio of First Bancorp is 11.00, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 43.18.

  • Price to Book Value per Share Ratio

    First Bancorp has a P/B Ratio of 1.19. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

  • Read more about First Bancorp's valuation and earnings.
  • Percentage of Shares Shorted

    0.40% 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 2.5, 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 3.77%, indicating that investor sentiment is improving.
  • Dividend Leadership

    First Bancorp is a leading dividend payer. It pays a dividend yield of 5.45%, putting its dividend yield in the top 25% of dividend-paying stocks.

  • Dividend Growth

    First Bancorp has been increasing its dividend for 7 years.

  • Dividend Coverage

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

  • Read more about First Bancorp's dividend.
  • Percentage of Shares Shorted

    0.40% 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 2.5, 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 3.77%, indicating that investor sentiment is improving.
  • News Sentiment

    First Bancorp has a news sentiment score of 0.07. 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 lower news sentiment than the 0.56 average news sentiment score of Finance companies.
  • News Coverage This Week

    MarketBeat has tracked 5 news articles for First Bancorp this week, compared to 1 article on an average week.
  • Search Interest

    5 people have searched for FNLC on MarketBeat in the last 30 days. This is an increase of 67% compared to the previous 30 days.
  • 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.

  • Read more about First Bancorp's insider trading history.
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FNLC Stock News Headlines

First Northwest Bancorp Reports Third Quarter Loss
625,000% Gain
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First Bancorp Inc (FNLC)
See More Headlines

FNLC Stock Analysis - Frequently Asked Questions

First Bancorp's stock was trading at $28.22 at the beginning of 2024. Since then, FNLC stock has decreased by 7.6% and is now trading at $26.07.
View the best growth stocks for 2024 here
.

The First Bancorp, Inc. (NASDAQ:FNLC) issued its earnings results on Wednesday, April, 17th. The bank reported $0.57 EPS for the quarter. The bank earned $16.04 million during the quarter. First Bancorp had a net margin of 16.46% and a trailing twelve-month return on equity of 10.86%.

Top institutional shareholders of First Bancorp include First Bancorp Inc ME (6.52%), Means Investment CO. Inc. (0.08%), SG Americas Securities LLC (0.04%) and Rise Advisors LLC (0.01%). Insiders that own company stock include Stuart G Smith, Susan A Norton, Kimberly Swan, Sarah Tolman and Robert B Gregory.
View institutional ownership trends
.

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.

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
11/02/2024
Fiscal Year End
12/31/2024
Next Earnings (Estimated)
1/22/2025

Industry, Sector and Symbol

Sector
Finance
Industry
National commercial banks
Sub-Industry
Regional Banks
Current Symbol
NASDAQ:FNLC
CUSIP
31866P10
Employees
270
Year Founded
1864

Profitability

Net Income
$29.52 million
Pretax Margin
20.51%

Debt

Sales & Book Value

Annual Sales
$143.61 million
Cash Flow
$2.85 per share
Book Value
$21.91 per share

Miscellaneous

Free Float
10,474,000
Market Cap
$290.42 million
Optionable
Optionable
Beta
0.56

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This page (NASDAQ:FNLC) was last updated on 11/2/2024 by MarketBeat.com Staff
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