First Bancorp (NASDAQ:FNLC) Stock Passes Above Two Hundred Day Moving Average – Time to Sell?

The First Bancorp, Inc. (NASDAQ:FNLC)’s stock price crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $25.17 and traded as high as $25.88. First Bancorp shares last traded at $25.78, with a volume of 7,410 shares.

First Bancorp Stock Performance

The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 0.29. The firm has a market cap of $287.19 million, a PE ratio of 10.88 and a beta of 0.56. The firm has a 50-day moving average price of $26.43 and a two-hundred day moving average price of $25.17.

First Bancorp Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, October 18th. Stockholders of record on Tuesday, October 8th were issued a dividend of $0.36 per share. The ex-dividend date was Tuesday, October 8th. This represents a $1.44 annualized dividend and a dividend yield of 5.59%. First Bancorp’s dividend payout ratio is presently 60.76%.

Institutional Trading of First Bancorp

A number of institutional investors and hedge funds have recently bought and sold shares of FNLC. WASHINGTON TRUST Co purchased a new position in First Bancorp in the second quarter valued at $25,000. Rise Advisors LLC acquired a new position in shares of First Bancorp during the third quarter worth about $37,000. SG Americas Securities LLC acquired a new stake in First Bancorp in the third quarter valued at approximately $104,000. BNP Paribas Financial Markets lifted its stake in First Bancorp by 89.7% in the first quarter. BNP Paribas Financial Markets now owns 4,905 shares of the bank’s stock worth $121,000 after acquiring an additional 2,319 shares during the last quarter. Finally, Quadrature Capital Ltd acquired a new position in First Bancorp during the 1st quarter worth approximately $214,000. 40.41% of the stock is currently owned by hedge funds and other 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.