First Bancorp (FBNC) Expected to Announce Earnings on Wednesday

First Bancorp (NASDAQ:FBNC) is projected to release its earnings data before the market opens on Wednesday, April 23rd. Analysts expect First Bancorp to post earnings of $0.78 per share and revenue of $105.81 million for the quarter.

First Bancorp (NASDAQ:FBNC) last announced its earnings results on Wednesday, January 29th. The financial services provider reported $0.76 earnings per share for the quarter, topping the consensus estimate of $0.72 by $0.04. First Bancorp had a return on equity of 8.04% and a net margin of 14.19%. On average, analysts expect First Bancorp to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

First Bancorp Trading Up 0.8 %

First Bancorp stock opened at $37.12 on Monday. First Bancorp has a one year low of $29.53 and a one year high of $50.34. The stock has a market cap of $1.53 billion, a PE ratio of 20.17 and a beta of 0.89. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.81 and a current ratio of 0.81. The stock has a 50-day moving average of $39.84 and a two-hundred day moving average of $42.88.

First Bancorp Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, April 25th. Investors of record on Monday, March 31st will be paid a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a yield of 2.37%. The ex-dividend date is Monday, March 31st. First Bancorp’s dividend payout ratio (DPR) is presently 47.83%.

Analyst Ratings Changes

A number of research analysts have issued reports on the stock. Stephens started coverage on shares of First Bancorp in a report on Wednesday, March 26th. They issued an “overweight” rating and a $48.00 price target for the company. Janney Montgomery Scott lowered First Bancorp from a “buy” rating to a “neutral” rating in a research note on Friday, February 7th.

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.