First Bancorp (FBNC) Expected to Announce Earnings on Wednesday

First Bancorp (NASDAQ:FBNC) will likely be issuing its quarterly earnings data before the market opens on Wednesday, January 22nd. Analysts expect the company to announce earnings of $0.72 per share and revenue of $101,110.00 billion for the quarter.

First Bancorp (NASDAQ:FBNC) last announced its earnings results on Wednesday, October 23rd. The financial services provider reported $0.70 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.70. The company had revenue of $144.99 million for the quarter, compared to the consensus estimate of $97.00 million. First Bancorp had a net margin of 17.98% and a return on equity of 8.00%. On average, analysts expect First Bancorp to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

First Bancorp Stock Up 1.6 %

Shares of First Bancorp stock traded up $0.67 during midday trading on Wednesday, hitting $43.72. The company’s stock had a trading volume of 146,611 shares, compared to its average volume of 152,657. First Bancorp has a 1-year low of $29.53 and a 1-year high of $50.34. The company has a quick ratio of 0.82, a current ratio of 0.83 and a debt-to-equity ratio of 0.06. The firm has a market capitalization of $1.81 billion, a P/E ratio of 17.63 and a beta of 1.05. The stock has a 50-day simple moving average of $45.60 and a 200-day simple moving average of $42.26.

First Bancorp Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Saturday, January 25th. Shareholders of record on Tuesday, December 31st will be given a dividend of $0.22 per share. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $0.88 dividend on an annualized basis and a yield of 2.01%. First Bancorp’s payout ratio is presently 35.48%.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on FBNC. Keefe, Bruyette & Woods upped their target price on First Bancorp from $49.00 to $56.00 and gave the company an “outperform” rating in a report on Wednesday, December 4th. StockNews.com lowered shares of First Bancorp from a “hold” rating to a “sell” rating in a research note on Thursday, October 24th.

First Bancorp Company Profile

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.