TFO Wealth Partners LLC Raises Stake in First Bancorp (NASDAQ:FBNC)

TFO Wealth Partners LLC increased its holdings in First Bancorp (NASDAQ:FBNCFree Report) by 17,233.3% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 1,560 shares of the financial services provider’s stock after buying an additional 1,551 shares during the period. TFO Wealth Partners LLC’s holdings in First Bancorp were worth $58,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of FBNC. Swiss National Bank raised its holdings in shares of First Bancorp by 1.3% during the third quarter. Swiss National Bank now owns 90,200 shares of the financial services provider’s stock worth $2,538,000 after purchasing an additional 1,200 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of First Bancorp by 4.9% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 400,597 shares of the financial services provider’s stock valued at $11,273,000 after buying an additional 18,567 shares during the period. Deutsche Bank AG boosted its stake in shares of First Bancorp by 11.0% in the third quarter. Deutsche Bank AG now owns 20,170 shares of the financial services provider’s stock worth $568,000 after buying an additional 1,992 shares during the last quarter. Trexquant Investment LP acquired a new stake in First Bancorp during the third quarter worth about $327,000. Finally, Kennedy Capital Management LLC purchased a new position in First Bancorp during the third quarter valued at approximately $490,000. 68.36% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, StockNews.com lowered First Bancorp from a “hold” rating to a “sell” rating in a research report on Thursday, April 25th.

Get Our Latest Report on First Bancorp

First Bancorp Stock Up 1.4 %

FBNC opened at $31.34 on Friday. The company has a fifty day moving average of $32.35 and a two-hundred day moving average of $33.91. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.81 and a current ratio of 0.81. First Bancorp has a fifty-two week low of $26.00 and a fifty-two week high of $38.51. The stock has a market capitalization of $1.29 billion, a price-to-earnings ratio of 11.31 and a beta of 1.02.

First Bancorp (NASDAQ:FBNCGet Free Report) last announced its quarterly earnings results on Wednesday, April 24th. The financial services provider reported $0.61 earnings per share for the quarter, missing the consensus estimate of $0.64 by ($0.03). The business had revenue of $92.17 million during the quarter, compared to analysts’ expectations of $96.12 million. First Bancorp had a net margin of 20.58% and a return on equity of 8.62%. On average, research analysts expect that First Bancorp will post 2.61 earnings per share for the current year.

First Bancorp Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, April 25th. Stockholders of record on Sunday, March 31st were paid a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a dividend yield of 2.81%. The ex-dividend date of this dividend was Wednesday, March 27th. First Bancorp’s payout ratio is 31.77%.

First Bancorp Profile

(Free Report)

First Bancorp operates as the bank holding company for First Bank that provides banking products and services for individuals and small to medium-sized businesses. The company accepts deposit products, such as checking, savings, and money market accounts, as well as time deposits, including certificate of deposits and individual retirement accounts.

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Institutional Ownership by Quarter for First Bancorp (NASDAQ:FBNC)

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