In a report released yesterday, Brady Gailey 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 $35.50.
Gailey covers the Financial sector, focusing on stocks such as Prosperity Bancshares, Bok Financial, and Origin Bancorp. According to TipRanks, Gailey has an average return of 9.9% and a 66.15% success rate on recommended stocks.
First Bancorp has an analyst consensus of Strong Buy, with a price target consensus of $35.83.
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FBNC market cap is currently $1.45B and has a P/E ratio of 12.28.
Based on the recent corporate insider activity of 47 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of FBNC in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
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.
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