Bank of Montreal Can Has $279,000 Stake in First Bancorp (NASDAQ:FBNC)

Bank of Montreal Can lifted its stake in First Bancorp (NASDAQ:FBNC – Free Report) by 7.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 6,345 shares of the financial services provider’s stock after purchasing an additional 460 shares during the period.

Bank of Montreal Can’s holdings in First Bancorp were worth $279,000 at the end of the most recent quarter. Several other institutional investors have also recently bought and sold shares of the stock. Franklin Resources Inc.



increased its stake in shares of First Bancorp by 23.5% in the 4th quarter. Franklin Resources Inc.

now owns 2,202,960 shares of the financial services provider’s stock valued at $96,864,000 after buying an additional 418,752 shares during the period. Alliancebernstein L.P.

boosted its holdings in First Bancorp by 1.1% in the fourth quarter. Alliancebernstein L.

P. now owns 828,369 shares of the financial services provider’s stock valued at $36,423,000 after acquiring an additional 9,140 shares during the last quarter. William Blair Investment Management LLC increased its position in First Bancorp by 2.

4% in the fourth quarter. William Blair Investment Management LLC now owns 797,316 shares of the financial services provider’s stock worth $35,058,000 after purchasing an additional 18,749 shares during the period. Charles Schwab Investment Management Inc.

raised its holdings in First Bancorp by 2.7% during the 4th quarter. Charles Schwab Investment Management Inc.

now owns 507,297 shares of the financial services provider’s stock worth $22,306,000 after purchasing an additional 13,450 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its holdings in First Bancorp by 12.0% during the 4th quarter.

Bank of New York Mellon Corp now owns 367,298 shares of the financial services provider’s stock worth $16,150,000 after purchasing an additional 39,362 shares during the last quarter. Institutional investors own 68.36% of the company’s stock.

First Bancorp Stock PerformanceShares of FBNC stock opened at $40.45 on Friday. The stock has a market cap of $1.

67 billion, a PE ratio of 21.98 and a beta of 0.89.

The stock has a 50-day moving average of $39.47 and a 200-day moving average of $42.78.

The company has a debt-to-equity ratio of 0.06, a current ratio of 0.81 and a quick ratio of 0.

81. First Bancorp has a one year low of $29.53 and a one year high of $50.

34. First Bancorp (NASDAQ:FBNC – Get Free Report) last issued its quarterly earnings data on Wednesday, April 23rd. The financial services provider reported $0.

84 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.78 by $0.06.

The firm had revenue of $105.79 million during the quarter, compared to analysts’ expectations of $105.81 million.

First Bancorp had a net margin of 14.19% and a return on equity of 8.04%.

As a group, sell-side analysts expect that First Bancorp will post 3.27 earnings per share for the current year. First Bancorp Dividend AnnouncementThe firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 25th.

Investors of record on Monday, March 31st will be paid a dividend of $0.22 per share. This represents a $0.

88 annualized dividend and a yield of 2.18%. The ex-dividend date is Monday, March 31st.

First Bancorp’s payout ratio is presently 47.83%. Wall Street Analysts Forecast GrowthSeveral brokerages have recently commented on FBNC.

Keefe, Bruyette & Woods lowered their price target on shares of First Bancorp from $51.00 to $50.00 and set an “outperform” rating for the company in a research report on Thursday.

Stephens initiated coverage on shares of First Bancorp in a report on Wednesday, March 26th. They set an “overweight” rating and a $48.00 target price for the company.

Finally, Janney Montgomery Scott cut shares of First Bancorp from a “buy” rating to a “neutral” rating in a research report on Friday, February 7th.Read Our Latest Report on FBNCAbout First Bancorp (Free Report)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.

See AlsoFive stocks we like better than First BancorpHow to Profit From Value Investing 2 Strong Utilities Plays With Booming Earnings and Room to GrowShort Selling – The Pros and Cons Why Smart Investors Don’t Panic in Election SeasonWhen to Sell a Stock for Profit or LossNow Is the Time to Buy ServiceNow—The Rebound Is Real.