30,668 Shares in First Bancorp (NASDAQ:FBNC) Bought by Natixis Advisors LLC

Natixis Advisors LLC bought a new stake in First Bancorp (NASDAQ:FBNC) during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 30,668 shares of the financial services provider’s stock, valued at approximately $1,275,000. Natixis Advisors LLC owned 0.07% of First Bancorp as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Innealta Capital LLC bought a new stake in First Bancorp during the 2nd quarter worth approximately $44,000. Aptus Capital Advisors LLC bought a new stake in shares of First Bancorp during the 3rd quarter valued at $212,000. Olympiad Research LP purchased a new position in shares of First Bancorp during the 3rd quarter valued at $217,000. Everence Capital Management Inc. purchased a new position in shares of First Bancorp during the 3rd quarter valued at $240,000. Finally, Novare Capital Management LLC bought a new position in First Bancorp in the 2nd quarter worth $216,000. 68.36% of the stock is owned by hedge funds and other institutional investors.

First Bancorp Stock Down 1.3 %

Shares of NASDAQ FBNC opened at $48.58 on Wednesday. The company has a current ratio of 0.83, a quick ratio of 0.82 and a debt-to-equity ratio of 0.06. First Bancorp has a 12-month low of $29.53 and a 12-month high of $50.34. The firm’s 50-day moving average price is $43.40 and its 200-day moving average price is $38.64. The stock has a market capitalization of $2.01 billion, a price-to-earnings ratio of 19.59 and a beta of 1.02.

First Bancorp (NASDAQ:FBNC) last issued its quarterly earnings results on Wednesday, October 23rd. The financial services provider reported $0.70 EPS for the quarter, meeting the consensus estimate of $0.70. The company had revenue of $144.99 million for the quarter, compared to the consensus estimate of $97.00 million. First Bancorp had a net margin of 17.98% and a return on equity of 8.00%. On average, equities research analysts anticipate that First Bancorp will post 2.72 EPS for the current fiscal year.

Insider Buying and Selling

In other news, Director Suzanne S. Deferie sold 2,036 shares of the stock in a transaction on Monday, September 23rd. The stock was sold at an average price of $43.77, for a total transaction of $89,115.72. Following the transaction, the director now owns 65,618 shares of the company’s stock, valued at approximately $2,872,099.86. This represents a 3.01 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 3.65% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut First Bancorp from a “hold” rating to a “sell” rating in a report 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.