First Bancorp (NASDAQ:FNLC) Releases Quarterly Earnings Results

First Bancorp (NASDAQ:FNLC) posted its earnings results on Wednesday. The bank reported $0.65 earnings per share (EPS) for the quarter, Zacks reports. First Bancorp had a return on equity of 10.72% and a net margin of 16.46%.

First Bancorp Stock Down 1.3 %

First Bancorp stock traded down $0.33 during trading hours on Wednesday, hitting $25.99. 13,755 shares of the stock traded hands, compared to its average volume of 22,500. The firm’s 50-day moving average price is $27.58 and its two-hundred day moving average price is $26.84. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.37. The company has a market cap of $289.84 million, a PE ratio of 10.97 and a beta of 0.58. First Bancorp has a one year low of $21.77 and a one year high of $31.05.

First Bancorp Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, January 16th. Shareholders of record on Monday, January 6th were given a dividend of $0.36 per share. The ex-dividend date of this dividend was Monday, January 6th. This represents a $1.44 annualized dividend and a yield of 5.54%. First Bancorp’s payout ratio is 60.76%.

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.