Barclays PLC Increases Stake in The First Bancorp, Inc. (NASDAQ:FNLC)

Barclays PLC boosted its stake in The First Bancorp, Inc. (NASDAQ:FNLC) by 80.1% in the third quarter, according to the company in its most recent disclosure with the 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 about 0.21% of First Bancorp worth $608,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently bought and sold shares of FNLC. Bank of New York Mellon Corp grew its stake in shares of First Bancorp by 9.9% during the 2nd quarter. Bank of New York Mellon Corp now owns 49,663 shares of the bank’s stock valued at $1,234,000 after buying an additional 4,477 shares during the period. Rhumbline Advisers grew its position in First Bancorp by 7.7% during the second quarter. Rhumbline Advisers now owns 16,029 shares of the bank’s stock valued at $398,000 after acquiring an additional 1,142 shares during the period. Kimelman & Baird LLC acquired a new stake in First Bancorp during the second quarter worth about $848,000. SG Americas Securities LLC acquired a new position in shares of First Bancorp in the 3rd quarter valued at about $104,000. Finally, Rise Advisors LLC acquired a new stake in First Bancorp during the 3rd quarter worth approximately $37,000. Institutional investors and hedge funds own 40.41% of the company’s stock.

First Bancorp Trading Down 0.4 %

NASDAQ FNLC opened at $26.15 on Friday. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.85 and a current ratio of 0.85. The First Bancorp, Inc. has a one year low of $21.77 and a one year high of $31.05. The company’s 50 day moving average price is $27.77 and its 200 day moving average price is $26.77. The firm has a market capitalization of $291.57 million, a price-to-earnings ratio of 11.03 and a beta of 0.58.

First Bancorp Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, January 16th. Investors of record on Monday, January 6th were issued a dividend of $0.36 per share. The ex-dividend date of this dividend was Monday, January 6th. This represents a $1.44 annualized dividend and a dividend yield of 5.51%. First Bancorp’s payout ratio is 60.76%.

First Bancorp 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.