HM Payson & Co. Trims Stake in First Bancorp Inc (FNLC)

HM Payson & Co. lowered its holdings in shares of First Bancorp Inc (NASDAQ:FNLC) by 11.6% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 37,427 shares of the bank’s stock after selling 4,929 shares during the quarter. HM Payson & Co. owned approximately 0.34% of First Bancorp worth $1,047,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. MetLife Investment Advisors LLC purchased a new stake in shares of First Bancorp during the 4th quarter valued at about $145,000. Hamel Associates Inc. increased its position in shares of First Bancorp by 36.9% during the 1st quarter. Hamel Associates Inc. now owns 19,950 shares of the bank’s stock valued at $558,000 after purchasing an additional 5,375 shares during the last quarter. Deutsche Bank AG increased its position in shares of First Bancorp by 137.1% during the 4th quarter. Deutsche Bank AG now owns 23,531 shares of the bank’s stock valued at $638,000 after purchasing an additional 13,607 shares during the last quarter. Wells Fargo & Company MN increased its position in shares of First Bancorp by 21.7% during the 4th quarter. Wells Fargo & Company MN now owns 24,938 shares of the bank’s stock valued at $678,000 after purchasing an additional 4,449 shares during the last quarter. Finally, Renaissance Technologies LLC increased its position in shares of First Bancorp by 3.6% during the 4th quarter. Renaissance Technologies LLC now owns 174,400 shares of the bank’s stock valued at $4,749,000 after purchasing an additional 6,100 shares during the last quarter. 32.16% of the stock is owned by hedge funds and other institutional investors.

First Bancorp opened at $29.59 on Thursday, according to Marketbeat Ratings. First Bancorp Inc has a 52 week low of $25.00 and a 52 week high of $32.33. The stock has a market cap of $317.24 million, a PE ratio of 15.47 and a beta of 0.69. The company has a quick ratio of 0.77, a current ratio of 0.77 and a debt-to-equity ratio of 0.63.

First Bancorp (NASDAQ:FNLC) last announced its quarterly earnings data on Wednesday, April 18th. The bank reported $0.51 earnings per share (EPS) for the quarter. The company had revenue of $15.54 million during the quarter. First Bancorp had a return on equity of 11.36% and a net margin of 27.05%.

First Bancorp Profile

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.

Institutional Ownership by Quarter for First Bancorp (NASDAQ:FNLC)

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