First Bancorp (NASDAQ:FBNC) Traded 5.0% Above Its 50 Day Moving Average


It is trading at $35.27 which is just a bit higher than $33.58, the stock’s 50 day moving average and significantly higher than the 200 day moving average of $31.10. The 50 day moving average was up $1.69 or +5.03% whereas the 200 day moving average was up $4.17 or +13.42%. First Bancorp shares had a trading volume of 854 by the end of trading on Tuesday. Shares saw a steep decrease in trading volume of 99.14% under the normal average daily volume.

Investors are a little more bearish on shares of First Bancorp recently at least if you consider the motion in short interest. The firm realized a rise in short interest from September 15, 2017 to September 29, 2017 of 3.31%. Short interest increased from 843,978 to 871,874 over that timeframe. Days to cover decreased -1.0 to 10.0 and the short interest percentage is 0.04% as of September 29.

Additionally, here are a few investment firms who have increased or decreased their stake in (FBNC). Ubs Group Ag added to its position by buying 2,370 shares an increase of 526.7% from 03/31/2017 to 06/30/2017. Ubs Group Ag controls 2,820 shares with a value of $88,000. The total value of its holdings increased 576.9%. Dalton Greiner Hartman Maher & Co divested its ownership by selling 75 shares a decrease of 0.1% as of 09/30/2017. Dalton Greiner Hartman Maher & Co currently owns 70,079 shares valued at $2,411,000. The value of the position overall is up by 9.9%.

Creative Planning expanded its holdings by buying 1 shares an increase of 0.0%. Creative Planning claims 15,757 shares worth $542,000. The value of the position overall is up by 9.9%. Shell Asset Management CO cut its investment by selling 900 shares a decrease of 2.4% in the quarter. Shell Asset Management CO owns 36,300 shares with a value of $1,249,000. The value of the position overall is up by 7.4%.

On October 5 analysts at PiperJaffray initiated coverage with an initial rating of “Overweight” and price target of $37.00.

The company is now down since yesterday’s close of 35.59. The company also recently declared a dividend payable on Wednesday October 25th, 2017. The dividend will be $0.080 per share for the quarter or $0.32 annualized. This dividend represents a yield of $0.90 which is the dividend as a percentage of the current share price. The ex-dividend date will be on Thursday the 28th of September 2017.

The company currently has a P/E ratio of 24.58 and the market cap is 870.39M. In the last earnings report the EPS was $1.43 and is projected to be $1.88 for the current year with 24,678,000 shares outstanding. Next quarter’s EPS is estimated at $0.50 with next year’s EPS anticipated to be $2.27.

First Bancorp, launched on December 8, 1983, is the bank holding company for First Bank (the Bank). The Business’s principal activity is the ownership and operation of First Bank. The Bank engages in a range of banking activities, including the acceptance of deposits and the making of loans. The Bank offers credit cards, debit cards, letters of credit, safe deposit box rentals and electronic funds transfer services, including wire transfers. In addition, the Bank offers Internet banking, mobile banking, cash management and bank-by-phone capabilities to its customers. It also offers a mobile check deposit feature for its mobile banking customers to deposit checks through their smartphone. The Bank offers remote deposit capture for its business customers..