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First Bancorp (FBP): Insider Trading and Ownership Analysis

13 January 2018

First Bancorp had 22 analyst reports since August 3, 2015 according to SRatingsIntel.

The stock decreased 1.47% or $0.02 during the last trading session, reaching $1.34. About 2.24 million shares traded or 3.79% up from the average.

Investors sentiment increased to 0.94 in 2017 Q3. It has underperformed by 8.52% the S&P500. Ubs Asset Mgmt Americas Inc owns 0% invested in First Bancorp (NYSE:FBP) for 93,266 shares. Therefore 50% are positive. First Bancorp had 11 analyst reports since July 27, 2015 according to SRatingsIntel. The firm earned "Market Perform" rating on Wednesday, October 21 by Keefe Bruyette & Woods. The firm has "Buy" rating given on Monday, July 27 by Guggenheim. The rating was upgraded by Keefe Bruyette & Woods on Tuesday, August 23 to "Outperform". Citigroup initiated the shares of FBP in report on Wednesday, February 8 with "Neutral" rating. As per Friday, December 1, the company rating was maintained by Brean Capital. Keefe Bruyette & Woods maintained the stock with "Buy" rating in Friday, November 10 report. The stock of First Bancorp (NYSE:FBP) earned "Buy" rating by Citigroup on Thursday, December 21. 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. Therefore 40% are positive.

Several analysts have issued reports on the company. The stock of RPC, Inc. The firm earned "Hold" rating on Wednesday, December 20 by SunTrust. The rating was downgraded by Zacks on Saturday, August 29 to "Buy". The rating was maintained by TH Capital with "Buy" on Thursday, November 12. The rating was initiated by Jefferies with "Buy" on Monday, November 28.

Gluskin Sheff + Associates a publicly owned investment manager. Captrust Financial Advisors bought a new stake in shares of First Bancorp in the 2nd quarter valued at approximately $146,000.

RPC, Inc. provides a range of oilfield services and equipment for gas and oil companies involved in the exploration, production, and development of gas and oil properties in the United States, Africa, Canada, Argentina, China, Mexico, Eastern Europe, Latin America, and the Middle East. A low price-to-sales ratio, typically less than 1.0, is considered a good value. It primarily provides its services to high net worth investors, including entrepreneurs, professionals, family trusts, private charitable foundations, pension and profit sharing plans, pooled investment vehicles, charitable organizations, firms, institutions, insurance companies, and estates.

Investors sentiment decreased to 1.06 in 2017 Q3. Its down 0.25, from 1.05 in 2017Q2.

The analysts offering 12 month price targets for First Bancorp have a median target of $6.88, with a high estimate of $7.5 and a low estimate of $6. BlackRock Fund Advisors increased its position in First Bancorp by 1.3% in the second quarter.

ValuEngine upgraded shares of First Bancorp (NASDAQ:FBNC) from a hold rating to a buy rating in a report published on Sunday, December 31st. Principal Grp Inc Inc invested 0.01% in First Bancorp (NYSE:FBP). After $0.53 actual earnings per share reported by First Bancorp for the previous quarter, Wall Street now forecasts 0.00% EPS growth. Virginia Retirement System Et Al, Virginia-based fund reported 16,600 shares.

Us Retail Bank De has 2,829 shares for 0% of their portfolio.

According to the Recommendation Trends of the stock polled by Finviz, the company has a consensus recommendation of 1.8 out of the scale from 1 to 5 where 1 stands for Buy and 5 means Sell. Strs Ohio holds 0% of its portfolio in First Bancorp (NASDAQ:FBNC) for 834 shares.

Lafayette Investments Inc decreased Markel Corp Com (MKL) stake by 3.04% reported in 2017Q3 SEC filing. The correct version of this news story can be accessed at Swiss Natl Bank reported 0% stake. Brean Capital restated a "buy" rating on shares of First Bancorp in a report on Tuesday, December 5th. New York-based Barrett Asset Mngmt Lc has invested 5.39% in Visa Inc.

Among 2 analysts covering First Internet Bancorp (NASDAQ:INBK), 2 have Buy rating, 0 Sell and 0 Hold. Two Sigma Securities Limited Liability holds 0.01% or 11,411 shares in its portfolio. Comparatively, FBP posted earnings of $0.1 per share in the same quarter, a year earlier. Moreover, Exxonmobil Invest Management Tx has 0.04% invested in DaVita Inc. It has ranged in price between $5.04-$5.11 after having started the session at $5.11 as compared to the previous trading day's close of $5.13. About 136,500 shares traded. First Bancorp (NYSE:FBP) has risen 32.84% since January 9, 2017 and is uptrending. It has outperformed by 30.99% the S&P500.

Since December 20, 2017, it had 1 insider purchase, and 0 selling transactions for $99,180 activity. Bresler Joshua D sold 10.00M shares worth $56.55M.

Since August 1, 2017, it had 0 insider purchases, and 15 sales for $7.09 million activity. The company has a market capitalization of $1,090.90, a P/E ratio of 20.56, a P/E/G ratio of 1.19 and a beta of 1.10.

The price-earnings ratio (P/E ratio) is the ratio for valuing a company that measures its current share price relative to its per-share earnings. It accepts deposit products, such as checking, savings, and money market accounts, as well as time deposits, including certificates of deposits and individual retirement accounts.