First Bancorp (NASDAQ:FNLC) Shares Cross Above 200 Day Moving Average – What’s Next?

The First Bancorp, Inc. (NASDAQ:FNLC) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $25.39 and traded as high as $29.78. First Bancorp shares last traded at $29.00, with a volume of 34,058 shares.

First Bancorp Trading Down 2.6 %

The business has a 50 day moving average of $26.59 and a 200-day moving average of $25.39. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.29. The firm has a market capitalization of $323.06 million, a P/E ratio of 12.24 and a beta of 0.56.

First Bancorp Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, October 18th. Investors of record on Tuesday, October 8th were paid a dividend of $0.36 per share. The ex-dividend date of this dividend was Tuesday, October 8th. This represents a $1.44 dividend on an annualized basis and a yield of 4.97%. First Bancorp’s payout ratio is 60.76%.

Institutional Trading of First Bancorp

Large investors have recently bought and sold shares of the business. Kimelman & Baird LLC bought a new stake in First Bancorp during the 2nd quarter worth approximately $848,000. Foundry Partners LLC boosted its position in First Bancorp by 32.5% during the 1st quarter. Foundry Partners LLC now owns 52,785 shares of the bank’s stock worth $1,301,000 after acquiring an additional 12,935 shares during the last quarter. Quadrature Capital Ltd acquired a new position in First Bancorp during the 1st quarter worth approximately $214,000. SG Americas Securities LLC acquired a new position in First Bancorp during the 3rd quarter worth approximately $104,000. Finally, Vanguard Group Inc. boosted its position in First Bancorp by 0.7% during the 1st quarter. Vanguard Group Inc. now owns 492,518 shares of the bank’s stock worth $12,136,000 after acquiring an additional 3,535 shares during the last quarter. 40.41% of the stock is owned by institutional investors.

About First Bancorp

The First Bancorp, Inc operates as the holding company for First National Bank that provides a range of banking products and services to individuals and businesses. It offers various deposit products, including demand, NOW, time, savings, money market, and certificates of deposit accounts. The company also provides commercial loans comprising commercial real estate owner occupied, such as mortgage loans to finance investments in real property such as retail space, offices, industrial buildings, hotels, educational facilities, and other specific or mixed use properties; commercial real estate non-owner occupied loans; commercial construction to finance construction in a mix of owner- and nonowner occupied commercial real estate properties; and commercial and industrial loans, including revolving and term loan for financing working capital and/or capital investment.