First Bancorp (FBNC) to Release Earnings on Wednesday

First Bancorp (NASDAQ:FBNC) is expected to release its earnings data before the market opens on Wednesday, April 23rd. Analysts expect First Bancorp to post earnings of $0.78 per share and revenue of $105.81 million for the quarter.

First Bancorp (NASDAQ:FBNC) last released its quarterly earnings data on Wednesday, January 29th. The financial services provider reported $0.76 earnings per share for the quarter, beating the consensus estimate of $0.72 by $0.04. First Bancorp had a net margin of 14.19% and a return on equity of 8.04%. 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 Trading Down 0.2 %

Shares of NASDAQ:FBNC opened at $37.05 on Tuesday. First Bancorp has a 12-month low of $29.53 and a 12-month high of $50.34. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 0.06. The firm has a market capitalization of $1.53 billion, a P/E ratio of 20.14 and a beta of 0.89. The firm has a fifty day moving average of $39.72 and a two-hundred day moving average of $42.85.

First Bancorp Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, April 25th. Stockholders of record on Monday, March 31st will be paid a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.38%. The ex-dividend date of this dividend is Monday, March 31st. First Bancorp’s dividend payout ratio (DPR) is presently 47.83%.

Analyst Ratings Changes

Several brokerages recently weighed in on FBNC. Stephens assumed coverage on shares of First Bancorp in a research report on Wednesday, March 26th. They set an “overweight” rating and a $48.00 price objective on the stock. Janney Montgomery Scott downgraded shares of First Bancorp from a “buy” rating to a “neutral” rating in a research report on Friday, February 7th.

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.