First Bancorp (FBNC) Expected to Post Quarterly Sales of $64.13 Million

Lloyd Doyle
January 13, 2018

Rock Point Advisors Llc bought 176,320 shares as the company's stock declined 17.25% while stock markets rallied. Dimensional Fund L P owns 1.29 million shares. SG Americas Securities LLC bought a new position in First Bancorp during the third quarter worth $107,000.

The stock increased 0.33% or $0.12 during the last trading session, reaching $36.92. About 11,795 shares traded. Jcsd Capital Llc sold 20,504 shares as First Bancorp Nc (FBNC)'s stock declined 9.05%. Gsa Ptnrs Llp invested in 0.02% or 8,644 shares. Palouse Cap Mngmt has invested 1.42% in Apple Inc. The stock increased 0.36% or $0.06 during the last trading session, reaching $16.58. About 3.21M shares traded or 47.76% up from the average. It has underperformed by 23.95% the S&P500.

In other First Bancorp news, CEO Richard H. Moore purchased 2,755 shares of the business's stock in a transaction dated Wednesday, December 20th.

Since August 7, 2017, it had 0 buys, and 3 insider sales for $169.65 million activity. Oaktree Capital Group Holdings GP - LLC had sold 10.00 million shares worth $56.55M. CF comes in with a P/S ratio of 2.61 that's greater than 1, potentially implying that it could be expensive relative to the overall sector (3.67) and its peers (3.36). A year ago the company's sales were $121430 while its sales growth yearly estimates for the current quarter are 1.8%.

Analysts are expecting average earnings estimates of $0.05 for the current quarter based on the opinion of 5 analysts, relating to high earnings per share estimates of $0.07 and low estimates of $0.02, however First Bancorp (NYSE:FBP) reported $0.11 earnings per share for the same quarter a year ago. 18 funds opened positions while 41 raised stakes. Financial Bank Of America Corp De holds 0% or 321,099 shares in its portfolio. IFP Advisors Inc now owns 3,513 shares of the financial services provider's stock valued at $110,000 after acquiring an additional 2,512 shares during the period. Rmb Mngmt Ltd Liability Co stated it has 374,581 shares or 0.33% of all its holdings. They expect $0.05 EPS, down 54.55% or $0.06 from last year's $0.11 per share. Manufacturers Life Ins Comm The holds 0% or 18,710 shares in its portfolio. First Bancorp (NYSE:FBP)'s price sits 7.15% above from its SMA 50 of $5.08 and -0.82% far from the SMA 200 which is at $5.35. Credit Agricole S A, a France-based fund reported 91,331 shares.

While having a peek at profitability ratios First Bancorp (NYSE:FBP) has trailing twelve month gross margin at 0%, its trailing twelve month operating margin stands at 59.6% whereas its trailing twelve month net profit margin spots at 11%. Meeder Asset Incorporated holds 10,411 shares or 0.01% of its portfolio. Citigroup has 0% invested in First Bancorp (NYSE:FBP). D E Shaw And reported 2.78 million shares. BidaskClub downgraded shares of First Bancorp from a "buy" rating to a "hold" rating in a report on Thursday, December 21st. Financial Bank Of Montreal Can accumulated 0% or 228 shares.


Among 2 analysts covering First Internet Bancorp (NASDAQ:INBK), 2 have Buy rating, 0 Sell and 0 Hold. Therefore 67% are positive.

According to Zacks, "First Bancorp is a one-bank holding company". On Wednesday, February 8 the stock rating was initiated by Citigroup with "Neutral". As per Friday, April 8, the company rating was initiated by Piper Jaffray. Keefe, Bruyette & Woods reissued a "buy" rating and issued a $41.00 target price on shares of First Bancorp in a research report on Friday. The firm has "Neutral" rating given on Monday, November 20 by Citigroup. Zacks upgraded the shares of FBNC in report on Tuesday, August 11 to "Sell" rating. The stock of First Bancorp (NASDAQ:FBNC) has "Hold" rating given on Monday, November 14 by Gabelli. Gabelli downgraded First Bancorp (NASDAQ:FBNC) on Monday, November 14 to "Hold" rating. Brean Capital maintained the stock with "Buy" rating in Wednesday, July 26 report. Keefe Bruyette & Woods has "Outperform" rating and $6.50 target. A 6 analysts rate it as either a buy or a strong buy, while 2 believe that investors should either steer clear of (NYSE:CF) or, if they already own its stock, sell it. Therefore 25% are positive. Apple Inc. had 344 analyst reports since July 21, 2015 according to SRatingsIntel. (NYSE:RES) has "Buy" rating given on Monday, August 28 by Jefferies. The company was maintained on Friday, March 24 by Nomura. (NASDAQ:TSLA). Taking a peek at the current consensus rating, we can see that the ABR is 2.83.

A stock rating usually tells investors how well a stock's market value relates to what analysts think is a fair value for the stock, based on an independent evaluation of the company. The rating was maintained by Jefferies with "Buy" on Thursday, July 20. Jefferies maintained RPC, Inc. (NASDAQ:PEP) on Monday, January 8 with "Buy" rating. Morgan Stanley maintained the shares of AAPL in report on Tuesday, September 19 with "Overweight" rating. Canaccord Genuity maintained the shares of GS in report on Monday, September 19 with "Hold" rating.

Investors sentiment increased to 0.7 in 2017 Q3. Its down 0.05, from 0.99 in 2017Q2. It increased, as 51 investors sold PEP shares while 689 reduced holdings. 116 funds opened positions while 640 raised stakes. (NYSE:V) or 16,053 shares. Sheets Smith Wealth Mgmt invested 0.08% of its portfolio in RPC, Inc. (NASDAQ:PEP). Moreover, Company Of Virginia Va has 1.44% invested in Pepsico, Inc. (NASDAQ:PEP) for 87,068 shares.

Viewing some popular support and resistance marks on shares of Tesla Inc. Bank Of America Corp De reported 135,733 shares or 0% of all its holdings. Shelton Capital Management now owns 12,630 shares of the financial services provider's stock worth $236,000 after acquiring an additional 962 shares during the period. Ntv Asset Management Ltd Liability has 1.46% invested in Pepsico, Inc.

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