First Bancorp Inc (NASDAQ:FNLC) Announces Quarterly Dividend of $0.30

First Bancorp Inc (NASDAQ:FNLC) declared a quarterly dividend on Thursday, June 27th, NASDAQ reports. Shareholders of record on Wednesday, July 10th will be given a dividend of 0.30 per share by the bank on Wednesday, July 31st. This represents a $1.20 annualized dividend and a dividend yield of 4.63%. The ex-dividend date is Tuesday, July 9th. This is an increase from First Bancorp’s previous quarterly dividend of $0.29.

First Bancorp has increased its dividend by an average of 7.2% annually over the last three years and has raised its dividend annually for the last 5 consecutive years.

NASDAQ FNLC opened at $25.92 on Friday. First Bancorp has a twelve month low of $24.49 and a twelve month high of $31.61. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.72 and a current ratio of 0.72. The stock has a market cap of $282.22 million, a PE ratio of 11.57 and a beta of 0.67. The business’s 50 day moving average price is $25.60.

First Bancorp (NASDAQ:FNLC) last posted its quarterly earnings data on Wednesday, April 17th. The bank reported $0.57 earnings per share for the quarter. First Bancorp had a net margin of 28.13% and a return on equity of 12.77%. The firm had revenue of $16.04 million for the quarter.

In other news, Director Katherine M. Boyd sold 1,697 shares of the business’s stock in a transaction on Monday, May 13th. The shares were sold at an average price of $25.72, for a total transaction of $43,646.84. Following the transaction, the director now directly owns 34,773 shares in the company, valued at approximately $894,361.56. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders own 6.69% of the company’s stock.

FNLC has been the topic of several research analyst reports. BidaskClub cut shares of Weyco Group from a “sell” rating to a “strong sell” rating in a research report on Saturday. ValuEngine upgraded shares of ZIX from a “buy” rating to a “strong-buy” rating in a research report on Saturday, May 4th.

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 individual and corporate customers. The company offers various deposit products, including demand, NOW, savings, money market, and certificates of deposit accounts.

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Dividend History for First Bancorp (NASDAQ:FNLC)

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