First Bancorp (NASDAQ:FBNC) Posts Earnings Results, Beats Expectations By $0.04 EPS

First Bancorp (NASDAQ:FBNC) issued its quarterly earnings data on Wednesday. The financial services provider reported $0.76 EPS for the quarter, topping the consensus estimate of $0.72 by $0.04, Zacks reports. First Bancorp had a net margin of 17.98% and a return on equity of 8.00%.

First Bancorp Stock Down 0.4 %

Shares of First Bancorp stock traded down $0.19 on Wednesday, reaching $43.94. 208,150 shares of the company were exchanged, compared to its average volume of 168,686. The stock’s 50 day moving average price is $45.26 and its 200-day moving average price is $43.04. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.83 and a quick ratio of 0.82. First Bancorp has a 1-year low of $29.53 and a 1-year high of $50.34. The company has a market cap of $1.82 billion, a P/E ratio of 17.72 and a beta of 1.05.

Wall Street Analyst Weigh In

A number of research analysts have commented on the company. Keefe, Bruyette & Woods upped their price target on First Bancorp from $49.00 to $56.00 and gave the stock an “outperform” rating in a research note on Wednesday, December 4th. StockNews.com lowered First Bancorp from a “hold” rating to a “sell” rating in a research report on Thursday, October 24th.

About First Bancorp

First Bancorp operates as the bank holding company for First Bank that provides banking products and services for individuals and small to medium-sized businesses. The company accepts deposit products, such as checking, savings, and money market accounts, as well as time deposits, including certificate of deposits and individual retirement accounts.