State Street Corp Purchases 2,156 Shares of The First Bancorp, Inc. (NASDAQ:FNLC)

State Street Corp raised its holdings in shares of The First Bancorp, Inc. (NASDAQ:FNLC) by 1.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 214,144 shares of the bank’s stock after buying an additional 2,156 shares during the period. State Street Corp owned about 1.92% of First Bancorp worth $5,636,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of FNLC. Stifel Financial Corp raised its stake in shares of 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 acquiring an additional 8,079 shares in the last quarter. Foundry Partners LLC increased its position in First Bancorp by 14.9% during the 3rd quarter. Foundry Partners LLC now owns 71,170 shares of the bank’s stock valued at $1,873,000 after purchasing an additional 9,245 shares during the period. Means Investment CO. Inc. purchased a new stake in First Bancorp during the third quarter worth $226,000. Rise Advisors LLC bought a new position in First Bancorp in the third quarter worth about $37,000. Finally, SG Americas Securities LLC purchased a new position in First Bancorp in the third quarter worth $104,000. Institutional investors own 40.41% of the company’s stock.

First Bancorp Stock Performance

Shares of FNLC opened at $27.07 on Friday. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.37. The firm has a market cap of $301.88 million, a PE ratio of 11.42 and a beta of 0.58. The stock has a fifty day moving average price of $27.89 and a 200-day moving average price of $26.51. The First Bancorp, Inc. has a 12 month low of $21.77 and a 12 month high of $31.05.

First Bancorp Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 16th. Stockholders of record on Monday, January 6th will be paid a $0.36 dividend. This represents a $1.44 annualized dividend and a dividend yield of 5.32%. The ex-dividend date of this dividend is Monday, January 6th. First Bancorp’s payout ratio is 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.