In a report released yesterday, Wood Lay from KBW maintained a Buy rating on First Bancorp (FBNC – Research Report), with a price target of $40.00. The company’s shares closed yesterday at $34.50.
Lay covers the Financial sector, focusing on stocks such as Bok Financial, Hilltop Holdings, and Sierra Bancorp. According to TipRanks, Lay has an average return of 0.3% and a 63.64% success rate on recommended stocks.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for First Bancorp with a $40.00 average price target.
The company has a one-year high of $38.05 and a one-year low of $25.55. Currently, First Bancorp has an average volume of 137.1K.
Based on the recent corporate insider activity of 50 insiders, corporate insider sentiment is neutral on the stock.
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First Bancorp (FBNC) Company Description:
First Bancorp operates as a bank holding company, which engages banking activities, with the acceptance of deposits and the making of loans. It provides range of deposit products such as checking, savings, NOW and money market accounts, as well as time deposits, including various types of certificates of deposits CDs and individual retirement accounts. The company’s offerings include credit cards, debit cards, letters of credit; safe deposit box rentals, bank money orders and electronic funds transfer services, including wire transfers. It provides loans for a range of consumer and commercial purposes, including loans for business, agriculture, real estate, personal uses, home improvement and automobiles. The company was founded on December 8, 1983 and is headquartered in Southern Pines, NC.
