First Bancorp (NASDAQ:FNLC) Announces Earnings Results

First Bancorp (NASDAQ:FNLC) announced its earnings results on Wednesday. The bank reported $0.65 earnings per share (EPS) for the quarter, Zacks reports. First Bancorp had a net margin of 16.46% and a return on equity of 10.72%.

First Bancorp Price Performance

Shares of NASDAQ:FNLC traded down $0.33 during trading hours on Wednesday, hitting $25.99. 13,755 shares of the company’s stock traded hands, compared to its average volume of 22,500. First Bancorp has a 52 week low of $21.77 and a 52 week high of $31.05. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.85 and a current ratio of 0.85. The company’s fifty day simple moving average is $27.58 and its two-hundred day simple moving average is $26.84. The company has a market cap of $289.84 million, a price-to-earnings ratio of 10.97 and a beta of 0.58.

First Bancorp Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, January 16th. Stockholders of record on Monday, January 6th were given a dividend of $0.36 per share. The ex-dividend date of this dividend was Monday, January 6th. This represents a $1.44 annualized dividend and a dividend yield of 5.54%. First Bancorp’s dividend payout ratio (DPR) is 60.76%.

About First Bancorp

The First Bancorp, Inc operates as the holding company for First National Bank that provides a range of banking products and services to individuals and businesses. It offers various deposit products, including demand, NOW, time, savings, money market, and certificates of deposit accounts. The company also provides commercial loans comprising commercial real estate owner occupied, such as mortgage loans to finance investments in real property such as retail space, offices, industrial buildings, hotels, educational facilities, and other specific or mixed use properties; commercial real estate non-owner occupied loans; commercial construction to finance construction in a mix of owner- and nonowner occupied commercial real estate properties; and commercial and industrial loans, including revolving and term loan for financing working capital and/or capital investment.