Proficio Capital Partners LLC Invests $386,000 in The First Bancorp, Inc. (NASDAQ:FNLC)

Proficio Capital Partners LLC purchased a new position in The First Bancorp, Inc. (NASDAQ:FNLC) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 14,113 shares of the bank’s stock, valued at approximately $386,000. Proficio Capital Partners LLC owned approximately 0.13% of First Bancorp as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also bought and sold shares of FNLC. Foundry Partners LLC increased its stake in First Bancorp by 14.9% in the 3rd quarter. Foundry Partners LLC now owns 71,170 shares of the bank’s stock worth $1,873,000 after buying an additional 9,245 shares in the last quarter. Stifel Financial Corp lifted its holdings in shares of First Bancorp by 28.3% in the 3rd 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 during the last quarter. State Street Corp lifted its holdings in shares of First Bancorp by 1.0% in the 3rd quarter. State Street Corp now owns 214,144 shares of the bank’s stock valued at $5,636,000 after acquiring an additional 2,156 shares during the last quarter. Barclays PLC raised its position in First Bancorp by 80.1% in the 3rd quarter. Barclays PLC now owns 23,135 shares of the bank’s stock worth $608,000 after purchasing an additional 10,288 shares during the period. Finally, Geode Capital Management LLC raised 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 worth $5,940,000 after purchasing an additional 1,599 shares during the period. Hedge funds and other institutional investors own 40.41% of the company’s stock.

First Bancorp Stock Performance

First Bancorp stock opened at $24.78 on Tuesday. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.85 and a quick ratio of 0.85. The First Bancorp, Inc. has a 1-year low of $21.77 and a 1-year high of $31.05. The firm has a market capitalization of $276.35 million, a P/E ratio of 10.24 and a beta of 0.53. The company’s 50-day moving average is $25.89 and its 200 day moving average is $26.79.

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

First Bancorp Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, January 16th. Stockholders of record on Monday, January 6th were given a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a dividend yield of 5.81%. The ex-dividend date of this dividend was Monday, January 6th. First Bancorp’s dividend payout ratio (DPR) is presently 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.