The First Bancorp, Inc. (NASDAQ:FNLC) Director Acquires $28,445.25 in Stock

The First Bancorp, Inc. (NASDAQ:FNLC) Director Kimberly Swan purchased 1,275 shares of the stock in a transaction on Thursday, April 18th. The stock was bought at an average price of $22.31 per share, for a total transaction of $28,445.25. Following the completion of the transaction, the director now directly owns 9,837 shares of the company’s stock, valued at $219,463.47. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink.

First Bancorp Price Performance

Shares of NASDAQ:FNLC opened at $22.99 on Monday. The business’s fifty day moving average price is $23.38 and its two-hundred day moving average price is $24.64. The First Bancorp, Inc. has a fifty-two week low of $21.77 and a fifty-two week high of $29.16. The stock has a market capitalization of $255.88 million, a price-to-earnings ratio of 9.27 and a beta of 0.56.

First Bancorp (NASDAQ:FNLC) last announced its quarterly earnings results on Wednesday, January 24th. The bank reported $0.60 earnings per share for the quarter. The firm had revenue of $19.96 million for the quarter. First Bancorp had a return on equity of 11.79% and a net margin of 18.41%.

First Bancorp Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 19th. Shareholders of record on Tuesday, April 9th were paid a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a yield of 6.09%. The ex-dividend date was Monday, April 8th. First Bancorp’s dividend payout ratio is currently 56.45%.

Hedge Funds Weigh In On First Bancorp

Institutional investors and hedge funds have recently bought and sold shares of the business. SG Americas Securities LLC boosted its stake in First Bancorp by 25.2% in the fourth quarter. SG Americas Securities LLC now owns 5,337 shares of the bank’s stock worth $151,000 after purchasing an additional 1,073 shares in the last quarter. FMR LLC boosted its stake in First Bancorp by 2.6% in the third quarter. FMR LLC now owns 224,889 shares of the bank’s stock worth $5,285,000 after purchasing an additional 5,748 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in First Bancorp by 1.7% in the third quarter. Bank of New York Mellon Corp now owns 97,661 shares of the bank’s stock worth $2,295,000 after purchasing an additional 1,613 shares in the last quarter. SouthState Corp acquired a new position in shares of First Bancorp during the third quarter valued at $38,000. Finally, Wells Fargo & Company MN lifted its stake in shares of First Bancorp by 65.7% during the second quarter. Wells Fargo & Company MN now owns 5,037 shares of the bank’s stock valued at $123,000 after acquiring an additional 1,997 shares during the period. Institutional investors and hedge funds own 40.41% of the company’s stock.

First Bancorp Company Profile

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.