First Bancorp (NASDAQ:FBNC) Announces Earnings Results

First Bancorp (NASDAQ:FBNC) announced its earnings results on Wednesday. The financial services provider reported $0.76 earnings per share for the quarter, beating analysts’ consensus estimates of $0.72 by $0.04, Zacks reports. First Bancorp had a net margin of 17.98% and a return on equity of 8.00%.

First Bancorp Trading Down 0.4 %

Shares of NASDAQ FBNC opened at $43.94 on Thursday. The firm’s 50 day moving average price is $45.24 and its 200-day moving average price is $43.05. First Bancorp has a 52-week low of $29.53 and a 52-week high of $50.34. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.82 and a current ratio of 0.83. The company has a market cap of $1.82 billion, a PE ratio of 17.72 and a beta of 1.05.

Analyst Ratings Changes

Several analysts recently weighed in on the company. Keefe, Bruyette & Woods upped their price target on First Bancorp from $49.00 to $56.00 and gave the stock an “outperform” rating in a research note on Wednesday, December 4th. StockNews.com downgraded First Bancorp from a “hold” rating to a “sell” rating in a report on Thursday, October 24th.

About First Bancorp

First Bancorp operates as the bank holding company for First Bank that provides banking products and services for individuals and small to medium-sized businesses. The company accepts deposit products, such as checking, savings, and money market accounts, as well as time deposits, including certificate of deposits and individual retirement accounts.