First Bancorp (FBNC) to Release Quarterly Earnings on Wednesday

First Bancorp (NASDAQ:FBNC) is expected to announce its earnings results before the market opens on Wednesday, January 22nd. Analysts expect the company to announce earnings of $0.72 per share and revenue of $101,110.00 billion for the quarter.

First Bancorp (NASDAQ:FBNC) last announced its quarterly earnings data on Wednesday, October 23rd. The financial services provider reported $0.70 earnings per share for the quarter, hitting the consensus estimate of $0.70. First Bancorp had a net margin of 17.98% and a return on equity of 8.00%. The company had revenue of $144.99 million during the quarter, compared to analyst estimates of $97.00 million. 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 Stock Performance

Shares of FBNC stock opened at $44.14 on Tuesday. The stock has a market capitalization of $1.82 billion, a price-to-earnings ratio of 17.80 and a beta of 1.05. First Bancorp has a one year low of $29.53 and a one year high of $50.34. The company’s 50-day simple moving average is $45.49 and its 200-day simple moving average is $42.58. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.82 and a current ratio of 0.83.

First Bancorp Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Saturday, January 25th. Shareholders of record on Tuesday, December 31st will be paid a dividend of $0.22 per share. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $0.88 annualized dividend and a yield of 1.99%. First Bancorp’s payout ratio is 35.48%.

Analyst Ratings Changes

Several equities analysts have recently commented on FBNC shares. Keefe, Bruyette & Woods upped their target price on First Bancorp from $49.00 to $56.00 and gave the company an “outperform” rating in a report on Wednesday, December 4th. StockNews.com downgraded First Bancorp from a “hold” rating to a “sell” rating in a research note on Thursday, October 24th.

First Bancorp Company Profile

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.