The First Bancorp, Inc. (NASDAQ:FNLC) Shares Bought by Barclays PLC

Barclays PLC lifted its position in shares of The First Bancorp, Inc. (NASDAQ:FNLC) by 80.1% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 23,135 shares of the bank’s stock after purchasing an additional 10,288 shares during the quarter. Barclays PLC owned 0.21% of First Bancorp worth $608,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the company. Kimelman & Baird LLC acquired a new stake in First Bancorp in the second quarter valued at approximately $848,000. Foundry Partners LLC increased its holdings in First Bancorp by 14.9% in the 3rd quarter. Foundry Partners LLC now owns 71,170 shares of the bank’s stock worth $1,873,000 after acquiring an additional 9,245 shares in the last quarter. Means Investment CO. Inc. acquired a new position in First Bancorp during the third quarter worth $226,000. Stifel Financial Corp lifted its holdings in First Bancorp by 28.3% during the third quarter. Stifel Financial Corp now owns 36,604 shares of the bank’s stock valued at $963,000 after purchasing an additional 8,079 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its position in shares of First Bancorp by 9.9% in the second quarter. Bank of New York Mellon Corp now owns 49,663 shares of the bank’s stock valued at $1,234,000 after purchasing an additional 4,477 shares during the period. 40.41% of the stock is owned by hedge funds and other institutional investors.

First Bancorp Stock Up 1.5 %

FNLC opened at $27.35 on Thursday. The company has a market cap of $305.01 million, a PE ratio of 11.54 and a beta of 0.58. The First Bancorp, Inc. has a twelve month low of $21.77 and a twelve month high of $31.05. The company has a 50-day moving average price of $27.96 and a 200 day moving average price of $26.59. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.37.

First Bancorp Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, January 16th. Stockholders of record on Monday, January 6th will be given a $0.36 dividend. The ex-dividend date is Monday, January 6th. This represents a $1.44 annualized dividend and a dividend yield of 5.27%. First Bancorp’s dividend payout ratio (DPR) is presently 60.76%.

First Bancorp Company Profile

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.