At the time of writing, First Bancorp [FBNC] stock is trading at $47.16, up 11.83%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The FBNC shares have gain 10.99% over the last week, with a monthly amount glided 14.83%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
First Bancorp [NASDAQ: FBNC] stock has seen the most recent analyst activity on September 14, 2023, when DA Davidson upgraded its rating to a Buy and also revised its price target to $34 from $36.50. Previously, Raymond James downgraded its rating to Mkt Perform on July 31, 2023. On August 18, 2022, upgrade upgraded it’s rating to Overweight and revised its price target to $47 on the stock. DA Davidson downgraded its rating to a Neutral and decreased its price target to $42 on August 01, 2022. Piper Sandler downgraded its rating to Neutral for this stock on October 12, 2021, and upped its price target to $52. In a note dated June 16, 2021, Piper Sandler upgraded an Overweight rating on this stock and boosted its target price from $46 to $51.
For the past year, the stock price of First Bancorp fluctuated between $28.59 and $45.41. Currently, Wall Street analysts expect the stock to reach $43 within the next 12 months. First Bancorp [NASDAQ: FBNC] shares were valued at $47.16 at the most recent close of the market. An investor can expect a potential drop of -8.82% based on the average FBNC price forecast.
Analyzing the FBNC fundamentals
According to First Bancorp [NASDAQ:FBNC], the company’s sales were 569.71M for trailing twelve months, which represents an 4.84% jump. Gross Profit Margin for this corporation currently stands at 0.94% with Operating Profit Margin at 0.24%, Pretax Profit Margin comes in at 0.23%, and Net Profit Margin reading is 0.18%. To continue investigating profitability, this company’s Return on Assets is posted at 0.01, Equity is 0.07 and Total Capital is 0.03. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.06.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 44.90 points at the first support level, and at 42.65 for the second support level. However, for the 1st resistance point, the stock is sitting at 48.81, and for the 2nd resistance point, it is at 50.47.
Ratios To Look Out For
It is important to note that First Bancorp [NASDAQ:FBNC] has a current ratio of 0.10. Considering the valuation of this stock, the price to sales ratio is 3.42, the price to book ratio is 1.32 and price to earnings (TTM) ratio is 19.01.
Transactions by insiders
Recent insider trading involved HERENCIA ROBERTO R, Director, that happened on Nov 06 ’24 when 100000.0 shares were purchased. Director, DeFerie Suzanne S completed a deal on Sep 20 ’24 to sell 17750.0 shares. Meanwhile, Director DeFerie Suzanne S sold 2036.0 shares on Sep 23 ’24.
