First Bancorp (NYSE:FBP) EVP Nayda Rivera sold 8,085 shares of the company’s stock in a transaction dated Thursday, November 10th. The shares were sold at an average price of $5.77, for a total transaction of $46,650.45. Following the transaction, the executive vice president now owns 389,377 shares in the company, valued at $2,246,705.29. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

First Bancorp (NYSE:FBP) opened at 6.29 on Thursday. The company has a market cap of $1.34 billion, a PE ratio of 16.13 and a beta of 2.04. First Bancorp has a 12 month low of $2.06 and a 12 month high of $6.48. The company has a 50 day moving average price of $5.36 and a 200-day moving average price of $4.63.

First Bancorp (NYSE:FBP) last announced its quarterly earnings data on Tuesday, October 25th. The company reported $0.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.10 by $0.01. First Bancorp had a return on equity of 4.90% and a net margin of 12.76%. During the same period in the prior year, the firm posted $0.07 earnings per share. Equities analysts predict that First Bancorp will post $0.41 earnings per share for the current fiscal year.

A number of analysts have recently commented on the company. Zacks Investment Research cut First Bancorp from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 27th. TheStreet raised First Bancorp from a “hold” rating to a “buy” rating in a research note on Wednesday, August 17th.

A number of hedge funds and other institutional investors have recently made changes to their positions in FBP. Principal Financial Group Inc. increased its position in shares of First Bancorp by 3.9% in the second quarter. Principal Financial Group Inc. now owns 848,939 shares of the company’s stock worth $3,370,000 after buying an additional 31,727 shares during the period. Prudential Financial Inc. increased its position in shares of First Bancorp by 3.4% in the first quarter. Prudential Financial Inc. now owns 283,199 shares of the company’s stock worth $827,000 after buying an additional 9,300 shares during the period. JPMorgan Chase & Co. increased its position in shares of First Bancorp by 2.4% in the first quarter. JPMorgan Chase & Co. now owns 2,345,149 shares of the company’s stock worth $6,848,000 after buying an additional 54,809 shares during the period. Smith Asset Management Group LP acquired a new position in shares of First Bancorp during the second quarter worth about $427,000. Finally, FSI Group LLC acquired a new position in shares of First Bancorp during the second quarter worth about $893,000. Hedge funds and other institutional investors own 86.25% of the company’s stock.

About First Bancorp

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