Rhumbline Advisers Has $465,000 Stock Holdings in The First Bancorp, Inc. (NASDAQ:FNLC)

Rhumbline Advisers raised its position in The First Bancorp, Inc. (NASDAQ:FNLC) by 12.1% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 17,003 shares of the bank’s stock after acquiring an additional 1,831 shares during the period. Rhumbline Advisers owned about 0.15% of First Bancorp worth $465,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in FNLC. Foundry Partners LLC grew 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 worth $1,873,000 after acquiring an additional 9,245 shares during the last quarter. Stifel Financial Corp grew its position in First Bancorp by 28.3% during the 3rd quarter. Stifel Financial Corp now owns 36,604 shares of the bank’s stock worth $963,000 after acquiring an additional 8,079 shares during the last quarter. State Street Corp grew its position in First Bancorp by 1.0% during the 3rd quarter. State Street Corp now owns 214,144 shares of the bank’s stock worth $5,636,000 after acquiring an additional 2,156 shares during the last quarter. Barclays PLC boosted its position in First Bancorp by 80.1% in the 3rd quarter. Barclays PLC now owns 23,135 shares of the bank’s stock valued at $608,000 after buying an additional 10,288 shares during the last quarter. Finally, Geode Capital Management LLC boosted its position in First Bancorp by 0.7% in the 3rd quarter. Geode Capital Management LLC now owns 225,659 shares of the bank’s stock valued at $5,940,000 after buying an additional 1,599 shares during the last quarter. Institutional investors and hedge funds own 40.41% of the company’s stock.

First Bancorp Stock Up 0.1 %

Shares of FNLC opened at $25.50 on Friday. The firm has a market capitalization of $284.38 million, a price-to-earnings ratio of 10.54 and a beta of 0.53. 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 business’s fifty day moving average price is $25.93 and its two-hundred day moving average price is $26.79. The First Bancorp, Inc. has a 52 week low of $21.77 and a 52 week high of $31.05.

First Bancorp (NASDAQ:FNLC) last announced its quarterly earnings data on Wednesday, January 22nd. The bank reported $0.65 EPS for the quarter. First Bancorp had a return on equity of 10.90% and a net margin of 16.37%.

First Bancorp Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, January 16th. Stockholders of record on Monday, January 6th were paid a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a dividend yield of 5.65%. The ex-dividend date was Monday, January 6th. First Bancorp’s dividend payout ratio (DPR) is currently 59.50%.

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.