$0.05 EPS Expected for First Bancorp (FBP)

Ruben Hill
January 14, 2018

About 33,806 shares traded. First Bancorp (NASDAQ:FBNC) has risen 47.69% since January 12, 2017 and is uptrending. It has outperformed by 3.59% the S&P500.

Next Century Growth Investors Llc decreased Visa Inc (V) stake by 7.69% reported in 2017Q3 SEC filing. A low number in the 1-2 range typically indicates a Buy, 3 represents a Hold and 4-5 indicates a consensus Sell rating. Glatfelter now has $962.82 million valuation. The stock increased 0.36% or $0.06 during the last trading session, reaching $16.58. It has underperformed by 4.50% the S&P500. Finally, Zacks Investment Research raised First Bancorp from a "hold" rating to a "buy" rating and set a $39.00 price objective on the stock in a research note on Thursday, October 5th. Therefore 67% are positive. Ironsides Asset Advisors Llc acquired 37,486 shares as First Bancorp N C (FBNC)'s stock declined 9.05%. State Street Corp now owns 461,813 shares of the financial services provider's stock worth $14,436,000 after purchasing an additional 100,632 shares during the last quarter. Suntrust Banks Inc owns 78,600 shares. 9 of them rate its stock a hold. On Wednesday, October 4 the stock rating was maintained by Keefe Bruyette & Woods with "Buy". Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Keefe Bruyette & Woods maintained First Internet Bancorp (NASDAQ:INBK) rating on Monday, June 26. Citigroup maintained the shares of FBP in report on Monday, November 20 with "Neutral" rating.

A number of equities research analysts have issued reports on FBP shares.

Investors sentiment decreased to 0.8 in Q3 2017. Its up 0.86, from 1.63 in 2017Q2.

Analysts are expecting average earnings estimates of $0.05 for the current quarter based on the opinion of 5 analysts, relating to high earnings per share estimates of $0.07 and low estimates of $0.02, however First Bancorp (NYSE:FBP) reported $0.11 earnings per share for the same quarter a year ago. Schwab Charles Investment Management Inc. increased its position in shares of First Bancorp by 24.3% during the second quarter. Tower Research Cap Limited Liability Com (Trc) holds 0.01% or 2,409 shares. Nationwide Fund Advisors, Pennsylvania-based fund reported 799,723 shares. Los Angeles Cap And Equity Rech stated it has 531,571 shares or 0.02% of all its holdings. Hutchin Hill Ltd Partnership owns 915,942 shares or 0.18% of their USA portfolio. Victory Capital holds 48,805 shares or 0% of its portfolio. American Intl Incorporated has 0% invested in First Bancorp (NYSE:FBP) for 149,245 shares. Stockholders of record on Saturday, December 31st were given a dividend of $0.08 per share.

First Bancorp (NYSE:FBP) has seen its stock price gain 0.28, or +5.49%, so far in 2017. Ntv Asset Management Ltd Liability has 1.46% invested in Pepsico, Inc.

Meanwhile, during the same quarter First Bancorp (FBP) delivered a 25.34% earnings surprise. The Missouri-based Kennedy Capital Management Inc. has invested 0.01% in the stock. At National Bank & Trust invested 0.31% in The Middleby Corporation (NASDAQ:MIDD).

Since December 20, 2017, it had 1 insider purchase, and 0 selling transactions for $99,180 activity. Also, CEO Richard H. Moore purchased 2,755 shares of the business's stock in a transaction on Wednesday, December 20th.

First Bancorp operates as the bank holding firm for First Bank that provides banking services and products for individuals and small to medium-sized businesses primarily in North Carolina and northeastern SC. The company has a market capitalization of $1,090.90, a P/E ratio of 20.56, a P/E/G ratio of 1.19 and a beta of 1.10. The companyÂ's Consumer Banking segment provides auto, boat, and personal loans; credit cards; lines of credit; and deposit products comprising interest bearing and non-interest bearing checking and savings accounts, individual retirement accounts, and retail certificates of deposit, as well as engages in the finance leasing and insurance activities. It has a 21.31 P/E ratio.

Investors sentiment increased to 0.94 in 2017 Q3. Its down 0.12, from 1.45 in 2017Q2. Heartland Advisors Inc bought 124,220 shares as the company's stock declined 16.32% while stock markets rallied. 142 funds opened positions while 524 raised stakes. Strong Sell. Investors might also notice that two months ago the Buy recommendations (0) were less than Sell recommendations (0). New York State Common Retirement Fund holds 27,500 shares. (NASDAQ:STBA) or 1,250 shares. Credit Suisse Ag has invested 0% in First Bancorp (NYSE:FBP). After $0.90 actual earnings per share reported by Visa Inc. for the previous quarter, Wall Street now forecasts 7.78% EPS growth. Prudential Fincl reported 259,563 shares. A month ago, analyst EPS consensus estimated earnings of US$0.07 per share. Smith Salley And Assocs invested in 1.34% or 66,348 shares.

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