Proficio Capital Partners LLC Takes Position in The First Bancorp, Inc. (NASDAQ:FNLC)

Proficio Capital Partners LLC acquired a new stake in shares of The First Bancorp, Inc. (NASDAQ:FNLC) during the fourth quarter, according to its most recent filing with the SEC. The fund acquired 14,113 shares of the bank’s stock, valued at approximately $386,000.

A number of other institutional investors have also added to or reduced their stakes in FNLC. Barclays PLC boosted its stake in First Bancorp by 80.1% during the third quarter. Barclays PLC now owns 23,135 shares of the bank’s stock valued at $608,000 after buying an additional 10,288 shares during the period. Geode Capital Management LLC grew its position in First Bancorp by 0.7% in the third quarter. Geode Capital Management LLC now owns 225,659 shares of the bank’s stock worth $5,940,000 after acquiring an additional 1,599 shares in the last quarter. JPMorgan Chase & Co. increased its stake in First Bancorp by 285.2% in the third quarter. JPMorgan Chase & Co. now owns 22,354 shares of the bank’s stock valued at $588,000 after acquiring an additional 16,551 shares during the last quarter. Rhumbline Advisers raised its position in First Bancorp by 12.1% during the fourth quarter. Rhumbline Advisers now owns 17,003 shares of the bank’s stock valued at $465,000 after purchasing an additional 1,831 shares in the last quarter. Finally, SG Americas Securities LLC lifted its position in First Bancorp by 11.6% in the 4th quarter. SG Americas Securities LLC now owns 4,421 shares of the bank’s stock worth $121,000 after buying an additional 458 shares during the last quarter. Hedge funds and other institutional investors own 40.41% of the company’s stock.

First Bancorp Price Performance

FNLC stock opened at $24.87 on Wednesday. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.85 and a current ratio of 0.85. The firm’s fifty day moving average is $25.58 and its 200 day moving average is $26.61. The firm has a market cap of $278.44 million, a P/E ratio of 10.28 and a beta of 0.53. The First Bancorp, Inc. has a 52 week low of $21.77 and a 52 week high of $31.05.

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

First Bancorp 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.