Analysts See $0.05 EPS for First Bancorp (FBP)


The institutional investor held 1.13 million shares of the major banks company at the end of 2017Q3, valued at $5.77M, up from 949,705 at the end of the previous reported quarter. The stock increased 0.96% or $0.21 during the last trading session, reaching $22.09. Another trade for 100 shares valued at $105,403 was made by KIRSHNER ALAN I on Thursday, August 3. Finally, TheStreet lowered shares of First Bancorp from a "b-" rating to a "c" rating in a report on Tuesday, November 7th.

In other news, CEO Richard H. Moore purchased 2,755 shares of First Bancorp stock in a transaction dated Wednesday, December 20th. First Bancorp has a 52-week low of $4.48 and a 52-week high of $7.02.

The stock increased 3.07% or $0.16 during the last trading session, reaching $5.38. About 33,833 shares traded. First Bancorp (NASDAQ:FBNC) has risen 47.69% since January 12, 2017 and is uptrending.

Analysts await First Bancorp (NYSE:FBP) to report earnings on January, 25. They expect $0.53 earnings per share, up 32.50% or $0.13 from last year's $0.4 per share. Finally, CNA Financial Corp acquired a new stake in First Bancorp in the 2nd quarter worth approximately $214,000.

Relative Strength Index (RSI) for First Bancorp (FBP) is at 60.99. First Bancorp had 11 analyst reports since July 27, 2015 according to SRatingsIntel. The firm earned "Outperform" rating on Tuesday, August 23 by Keefe Bruyette & Woods. On Thursday, June 22 the stock rating was maintained by Jefferies with "Buy". One research analyst has rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the stock. The firm has "Outperform" rating given on Wednesday, January 13 by Macquarie Research. As per Zacks simplified descending rating scale the ABR rank is displayed in the range of 1 to 5 where 1 represents Strong Buy and 5 a Strong Sell. Stifel Nicolaus maintained First Bancorp (NASDAQ:FBNC) rating on Monday, August 3.

Shares of First Bancorp (FBNC) opened at $36.97 on Friday. The stock of First Internet Bancorp (NASDAQ:INBK) earned "Buy" rating by Keefe Bruyette & Woods on Thursday, October 19. Keefe Bruyette & Woods maintained the shares of INBK in report on Thursday, December 21 with "Buy" rating.

2017, First Bancorp (FBP) delivered a 2.96% surprise with its net revenue. Its up 0.86, from 1.63 in 2017Q2. It is positive, as 3 investors sold INBK shares while 12 reduced holdings. Bank of America maintained the shares of FBP in report on Wednesday, November 8 with "Neutral" rating. Hutchin Hill LP has 122,529 shares.

News headlines about First Bancorp (NYSE:FBP) have been trending positive this week, Accern reports. The rating was initiated by Piper Jaffray on Friday, April 8 with "Overweight". It also reduced its holding in Landec Corp (NASDAQ:LNDC) by 51,300 shares in the quarter, leaving it with 851,650 shares, and cut its stake in Park Electrochemical Corp (NYSE:PKE). Vanguard Grp holds 0% in First Internet Bancorp (NASDAQ:INBK) or 311,997 shares. Jacobs Levy Equity Mgmt Inc holds 487,607 shares. Louisiana State Employees Retirement Sys reported 17,700 shares. Counselors Of Maryland Ltd Liability owns 295,386 shares for 0.52% of their portfolio. Marshfield Associate holds 4.79% or 510,847 shares in its portfolio. State Board Of Administration Of Florida Retirement System holds 0.03% of its portfolio in The Middleby Corporation (NASDAQ:MIDD) for 78,386 shares. Principal Financial Gp holds 1.39M shares or 0.01% of its portfolio. Heartland Advisors Inc who had been investing in First Internet Bancorp for a number of months, seems to be bullish on the $341.91 million market cap company. Creative Planning reported 15,757 shares stake.

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Since August 1, 2017, it had 0 insider purchases, and 15 sales for $7.09 million activity.

Investors sentiment decreased to 0.94 in 2017 Q3. Its up 0.19, from 0.75 in 2017Q2. 9 funds opened positions while 52 raised stakes. A month ago, analyst EPS consensus estimated earnings of US$0.07 per share. Two Sigma Secs Ltd Limited Liability Company has 11,411 shares for 0.01% of their portfolio. The company was maintained on Wednesday, March 2 by Bernstein. 17,600 were reported by Nine Chapters Mngmt Lc. (NYSE:V). First Interstate Bancshares holds 0.36% in Visa Inc. Barclays Public Limited has 143 shares for 0% of their portfolio. 964.87 million shares or 1.00% less from 974.57 million shares in 2017Q2 were reported. North Star Inv Management holds 0.03% of its portfolio in Visa Inc. (NYSE:DVA) or 5,270 shares. 26,854 are owned by Homrich & Berg. (NYSE:RES) for 1.93 million shares. BlackRock Advisors LLC increased its position in First Bancorp by 1.4% in the second quarter.

First Bancorp (NYSE:FBP) soared 0.2% year-to-date. Alyeska Group L P owns 0.39% invested in RPC, Inc.

Analyst Thoughts About CF Industries Holdings, Inc. Manufacturers Life Co The owns 33,994 shares or 0% of their U.S. portfolio. Wetherby Asset Mgmt reported 18,382 shares stake.

Continental Advisors Llc, which manages about $318.00M and $437.12 million US Long portfolio, decreased its stake in Ishares Tr (Put) (IYR) by 85,700 shares to 20,000 shares, valued at $1.60 million in 2017Q3, according to the filing. Viewray Inc. was raised too.

Since December 20, 2017, it had 1 buying transaction, and 0 sales for $99,180 activity. About 30,454 shares traded.

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