First Bancorp (FBNC) Projected to Post Earnings on Wednesday

First Bancorp (NASDAQ:FBNC) is expected to be announcing its earnings results 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 EPS for the quarter, hitting the consensus estimate of $0.70. The firm had revenue of $144.99 million for the quarter, compared to analysts’ expectations of $97.00 million. First Bancorp had a return on equity of 8.00% and a net margin of 17.98%. 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 Price Performance

NASDAQ FBNC traded up $0.67 on Wednesday, reaching $43.72. 146,611 shares of the stock traded hands, compared to its average volume of 152,657. First Bancorp has a 12 month low of $29.53 and a 12 month high of $50.34. The company has a market cap of $1.81 billion, a price-to-earnings ratio of 17.63 and a beta of 1.05. The firm’s fifty day simple moving average is $45.60 and its 200 day simple moving average is $42.26. The company has a quick ratio of 0.82, a current ratio of 0.83 and a debt-to-equity ratio of 0.06.

First Bancorp Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Saturday, January 25th. Investors of record on Tuesday, December 31st will be paid a dividend of $0.22 per share. The ex-dividend date is Tuesday, December 31st. This represents a $0.88 annualized dividend and a yield of 2.01%. First Bancorp’s dividend payout ratio is currently 35.48%.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on FBNC. Keefe, Bruyette & Woods raised their price objective on shares of First Bancorp from $49.00 to $56.00 and gave the company an “outperform” rating in a research report on Wednesday, December 4th. StockNews.com cut shares of First Bancorp from a “hold” rating to a “sell” rating in a report on Thursday, October 24th.

About First Bancorp

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.