Last Week, First Bancorp (FBNC) Recorded A Gain Of $50.68


As of Wednesday close, First Bancorp’s (NASDAQ:FBNC) stock was down -$0.11, moving down -0.23 percent to $48.36. The average number of shares traded per day over the past five days has been 135,340 shares. 4 times new highs have been achieved over the past 5 days, with a $2.02 gain in that time frame. In the last twenty days, the average volume was 140,045, while in the previous 50 days, it was 152,186.

Since last month, FBNC stock rose 17.12%. Shares of the company fell to $40.47 on 10/26/22, the lowest level in the past month. A 52-week high of $49.36 was reached on 01/18/22 after having rallying from a 52-week low of $32.90. Since the beginning of this year, FBNC’s stock price has risen by 5.77% or $2.64, and marked a new high 6 times. However, the stock has declined by -2.03% since its 52-week high.

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FBNC stock investors should be aware that First Bancorp (FBNC) stock had its last reported insider trading activity 13 days ago on Nov 11. McLamb Carlie C Jr, the Director of the company, purchased of 928 shares for $46.40 on Nov 11. It resulted in a $43,059 investment by the insider. Capel Mary Clara sold 705 shares at an average price of $37.70 on Aug 25. The insider now owns 12,077 shares following the transaction. On Aug 15, Director McLamb Carlie C Jr bought 1,039 shares at $37.73 apiece. The transaction was valued at $39,201.

Valuation Metrics

Right now, First Bancorp (FBNC) has a P/E ratio of about 14.52. The stock’s beta is 1.13. Besides these, the trailing price-to-sales (P/S) ratio of 5.29, the price-to-book (PB) ratio of 1.74, and the price-to-cash flow ratio of 9.85 may also be considered.

The latest dividend of $0.22 per share was paid out, remained unchanged from last year’s $0.22. On Tuesday February 8 2022, a $0.02 dividend increase was announced.

Financial Health

According to company report, the long-term debt-to-equity ratio for the quarter ending September 29 was 0.23, and the total debt-to-equity ratio was 0.23. In the year ended September 29, operating margins totaled 96.60%. Based on annual data, FBNC earned $246.4 million in gross profit and brought in $255.92 million in revenue.

A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 16.70%. Return on equity (ROE) for the past 12 months was 10.80%.

In First Bancorp’s quarter-end financial report for September 29, it reported total debt of $226.48 million. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. While analysts expected First Bancorp to report $0.98 quarterly earnings, the actual figure was $1.06 per share, beating the consensus estimate by 8.20%. The value of shareholders’ equity is $35.71 million.

Technical Picture

This quick technical analysis looks at First Bancorp’s (FBNC) price momentum. With a historical volatility rate of 16.00%, the RSI 9-day stood at 77.65% on 23 November.

With respect to its five-day moving average, the current First Bancorp price is up by +4.36% percent or $2.02. At present, FBNC shares trade +18.91% above its 20-day simple moving average and +35.58% percent above its 100-day simple moving average. However, the stock is currently trading approximately +31.06% above its SMA50 and +4.63% above its SMA200.

Stochastic coefficient K was 94.55% and Stochastic coefficient D was 89.92%, while ATR was 1.19. Given the Stochastic reading of 90.77% for the 14-day period, the RSI (14) reading has been calculated as 74.53%. As of today, the MACD Oscillator reading stands at 1.17, while the 14-day reading stands at 1.53.

Analyst Ratings

Piper Sandler upgraded its rating on First Bancorp (NASDAQ: FBNC) to an Overweight in a note to investors on August 18, 2022. The analysts firm previously had a Neutral rating on the stock.First Bancorp (FBNC) has been rated Overweight by analysts. According to 0 brokerage firms, FBNC is a sell, and 1 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 1 analyst rate First Bancorp stock as buy, with 3 recommending it as overweight.

With a median target price of $49.00, the current consensus forecast for the stock is $49.00 – $53.00. Based on these forecasts, analysts predict First Bancorp (FBNC) will achieve an average price target of $50.00.


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