First Bancorp (NASDAQ:FBNC): Stock Institutional Investors Feel Good About

September 12, 2017 - By Louis Casey

 First Bancorp (NASDAQ:FBNC): Stock Institutional Investors  Feel Good About

Sentiment for First Bancorp (NASDAQ:FBNC)

First Bancorp (NASDAQ:FBNC) institutional sentiment increased to 2 in Q4 2016. Its up 0.04, from 1.96 in 2016Q3. The ratio is positive, as 64 funds opened new or increased holdings, while 32 decreased and sold their positions in First Bancorp. The funds in our partner’s database now possess: 13.27 million shares, up from 10.95 million shares in 2016Q3. Also, the number of funds holding First Bancorp in their top 10 holdings was flat from 1 to 1 for the same number . Sold All: 7 Reduced: 25 Increased: 42 New Position: 22.

First Bancorp is the bank holding company for First Bank . The company has market cap of $767.74 million. The Company’s principal activity is the ownership and operation of First Bank. It has a 21.96 P/E ratio. The Bank engages in a range of banking activities, including the acceptance of deposits and the making of loans.

About 22,818 shares traded. First Bancorp (NASDAQ:FBNC) has risen 47.69% since September 12, 2016 and is uptrending. It has outperformed by 30.99% the S&P500.

Castle Creek Capital Partners Iv Lp holds 19.08% of its portfolio in First Bancorp for 728,706 shares. Stieven Capital Advisors L.P. owns 530,225 shares or 2.83% of their US portfolio. Moreover, Castine Capital Management Llc has 1.49% invested in the company for 131,856 shares. The Virginia-based Ejf Capital Llc has invested 1.02% in the stock. Continental Advisors Llc, a Illinois-based fund reported 125,404 shares.#img1#

Since January 1, 0001, it had 5 insider purchases, and 0 insider sales for $104,384 activity.

First Bancorp (NASDAQ:FBNC) Ratings Coverage

Ratings analysis reveals 43% of First Bancorp’s analysts are positive. Out of 7 Wall Street analysts rating First Bancorp, 3 give it “Buy”, 1 “Sell” rating, while 3 recommend “Hold”. The lowest target is $20 while the high is $3400. The stock’s average target of $30.25 is -2.76% below today’s ($31.11) share price. FBNC was included in 13 notes of analysts from August 3, 2015. The stock of First Bancorp (NASDAQ:FBNC) has “Buy” rating given on Monday, June 26 by Keefe Bruyette & Woods. The stock of First Bancorp (NASDAQ:FBNC) has “Overweight” rating given on Wednesday, November 16 by Piper Jaffray. Gabelli downgraded First Bancorp (NASDAQ:FBNC) on Monday, November 14 to “Hold” rating. As per Wednesday, May 11, the company rating was downgraded by FIG Partners. Brean Capital maintained the stock with “Buy” rating in Wednesday, July 26 report. Zacks downgraded the stock to “Sell” rating in Wednesday, September 2 report. The rating was upgraded by Keefe Bruyette & Woods to “Outperform” on Tuesday, August 23. Piper Jaffray maintained First Bancorp (NASDAQ:FBNC) rating on Wednesday, August 2. Piper Jaffray has “Buy” rating and $3400 target. Brean Capital maintained the shares of FBNC in report on Wednesday, August 2 with “Buy” rating. As per Tuesday, August 11, the company rating was upgraded by Zacks.

Another recent and important First Bancorp (NASDAQ:FBNC) news was published by Prnewswire.com which published an article titled: “First Bank Insurance Services To Acquire Bear Insurance Service” on August 21, 2017.

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