The First Bancorp, Inc. (NASDAQ:FNLC) Declares Dividend of $0.35

The First Bancorp, Inc. (NASDAQ:FNLCGet Free Report) declared a dividend on Tuesday, April 2nd, investing.com reports. Investors of record on Tuesday, April 9th will be given a dividend of 0.35 per share by the bank on Friday, April 19th. This represents a dividend yield of 5.68%. The ex-dividend date is Monday, April 8th.

First Bancorp has raised its dividend payment by an average of 14.9% per year over the last three years and has raised its dividend annually for the last 4 consecutive years.

First Bancorp Stock Performance

FNLC stock opened at $24.39 on Tuesday. The firm has a fifty day moving average price of $23.98 and a 200 day moving average price of $24.68. The firm has a market cap of $271.46 million, a PE ratio of 9.17 and a beta of 0.56. First Bancorp has a fifty-two week low of $22.13 and a fifty-two week high of $29.16.

First Bancorp (NASDAQ:FNLCGet Free Report) last posted its quarterly earnings data on Wednesday, January 24th. The bank reported $0.60 EPS for the quarter. The company had revenue of $19.96 million during the quarter. First Bancorp had a net margin of 20.55% and a return on equity of 12.69%.

Institutional Trading of First Bancorp

A number of large investors have recently made changes to their positions in the stock. Vanguard Group Inc. raised its holdings in shares of First Bancorp by 1.6% in the fourth quarter. Vanguard Group Inc. now owns 488,983 shares of the bank’s stock valued at $13,799,000 after acquiring an additional 7,735 shares in the last quarter. Goldman Sachs Group Inc. raised its holdings in First Bancorp by 7.3% in the fourth quarter. Goldman Sachs Group Inc. now owns 24,587 shares of the bank’s stock worth $694,000 after purchasing an additional 1,668 shares in the last quarter. Barclays PLC raised its holdings in First Bancorp by 107.9% in the fourth quarter. Barclays PLC now owns 22,663 shares of the bank’s stock worth $639,000 after purchasing an additional 11,764 shares in the last quarter. Nuveen Asset Management LLC raised its holdings in First Bancorp by 30.9% in the fourth quarter. Nuveen Asset Management LLC now owns 28,537 shares of the bank’s stock worth $805,000 after purchasing an additional 6,742 shares in the last quarter. Finally, Citadel Advisors LLC bought a new position in First Bancorp in the fourth quarter worth about $310,000. 40.41% of the stock is owned by hedge funds and other institutional investors.

First Bancorp Company Profile

(Get Free Report)

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.

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Dividend History for First Bancorp (NASDAQ:FNLC)

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