First Bancorp (FBNC) To Go Ex-Dividend on June 30th

First Bancorp (NASDAQ:FBNC) declared a quarterly dividend on Tuesday, April 28th. Shareholders of record on Tuesday, June 30th will be given a dividend of 0.24 per share by the financial services provider on Friday, July 24th. This represents a c) dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date of this dividend is Tuesday, June 30th.

First Bancorp has raised its dividend payment by an average of 0.0%annually over the last three years. First Bancorp has a dividend payout ratio of 25.1% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect First Bancorp to earn $4.92 per share next year, which means the company should continue to be able to cover its $0.96 annual dividend with an expected future payout ratio of 19.5%.

First Bancorp Price Performance

Shares of FBNC opened at $63.53 on Friday. The business’s 50-day moving average is $59.43 and its two-hundred day moving average is $57.29. The company has a market capitalization of $2.63 billion, a P/E ratio of 21.68 and a beta of 0.81. First Bancorp has a fifty-two week low of $42.17 and a fifty-two week high of $63.67. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.84 and a current ratio of 0.85.

First Bancorp (NASDAQ:FBNC) last issued its quarterly earnings data on Wednesday, April 22nd. The financial services provider reported $1.13 earnings per share for the quarter, topping analysts’ consensus estimates of $1.09 by $0.04. First Bancorp had a net margin of 20.59% and a return on equity of 10.86%. The business had revenue of $122.29 million during the quarter, compared to the consensus estimate of $123.20 million. Research analysts predict that First Bancorp will post 4.67 earnings per share for the current year.

First Bancorp Company Profile

First Bancorp operates as the bank holding company for First Bank, offering a broad range of commercial and consumer banking services. Its core offerings include business lending, treasury and cash management, residential and commercial mortgage financing, and consumer deposit products. Through its subsidiary, First Bank provides online and branch-based banking solutions, including checking and savings accounts, certificate of deposits, and digital banking tools designed to meet the needs of individuals, small- to mid-sized businesses, and professional institutions.

The company maintains a network of full-service banking centers and loan production offices across North Carolina and South Carolina, with a focus on markets in the Piedmont, Sandhills and coastal regions.