First Bancorp (NASDAQ:FBNC) Director Michael Goodwin Mayer Sells 44,324 Shares of Stock

Posted by on May 22nd, 2026

First Bancorp (NASDAQ:FBNC – Get Free Report) Director Michael Goodwin Mayer sold 44,324 shares of the business’s stock in a transaction that occurred on Wednesday, May 20th. The shares were sold at an average price of $58.58, for a total value of $2,596,499.92. Following the completion of the sale, the director directly owned 41,491 shares of the company’s stock, valued at approximately $2,430,542.78. The trade was a 51.65% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

First Bancorp Trading Down 1.0%

Shares of NASDAQ FBNC opened at $58.67 on Friday. The stock has a market cap of $2.43 billion, a price-to-earnings ratio of 20.02 and a beta of 0.82. The business has a 50 day simple moving average of $57.07 and a 200 day simple moving average of $55.57. First Bancorp has a 52 week low of $40.00 and a 52 week high of $62.64. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.84 and a current ratio of 0.85.

First Bancorp (NASDAQ:FBNC – Get Free Report) last announced its quarterly earnings results on Wednesday, April 22nd. The financial services provider reported $1.13 EPS for the quarter, beating the consensus estimate of $1.09 by $0.04. The business had revenue of $122.29 million during the quarter, compared to analysts’ expectations of $123.21 million. First Bancorp had a return on equity of 10.86% and a net margin of 20.59%. On average, research analysts predict that First Bancorp will post 4.75 earnings per share for the current fiscal year.

Institutional Investors Weigh In On First Bancorp

Hedge funds have recently modified their holdings of the business. Smartleaf Asset Management LLC boosted its position in shares of First Bancorp by 183.6% in the third quarter. Smartleaf Asset Management LLC now owns 553 shares of the financial services provider’s stock valued at $29,000 after acquiring an additional 358 shares during the period. EverSource Wealth Advisors LLC boosted its position in shares of First Bancorp by 2,222.6% in the second quarter. EverSource Wealth Advisors LLC now owns 720 shares of the financial services provider’s stock valued at $32,000 after acquiring an additional 689 shares during the period. Summit Securities Group LLC bought a new stake in shares of First Bancorp in the first quarter valued at approximately $34,000. First Horizon Corp boosted its position in shares of First Bancorp by 83.7% in the fourth quarter. First Horizon Corp now owns 777 shares of the financial services provider’s stock valued at $39,000 after acquiring an additional 354 shares during the period. Finally, Torren Management LLC bought a new stake in shares of First Bancorp in the fourth quarter valued at approximately $41,000. 68.36% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

FBNC has been the topic of several analyst reports. Keefe, Bruyette & Woods increased their price target on First Bancorp from $65.00 to $66.00 and gave the company an “outperform” rating in a report on Thursday, April 23rd. Piper Sandler downgraded First Bancorp from an “overweight” rating to a “neutral” rating and increased their price target for the company from $58.00 to $64.00 in a report on Saturday, February 7th. Wall Street Zen upgraded First Bancorp from a “sell” rating to a “hold” rating in a report on Saturday, February 28th. Zacks Research upgraded shares of First Bancorp from a “strong sell” rating to a “hold” rating in a report on Monday, March 9th. Finally, Weiss Ratings upgraded shares of First Bancorp from a “buy (b-)” rating to a “buy (b)” rating in a report on Monday. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $62.25.

View Our Latest Stock Analysis on FBNC

About First Bancorp

(Get Free Report)

First Bancorp operates as the bank holding company for First Bank, offering a broad range of commercial and consumer banking services. Its core offerings include business lending, treasury and cash management, residential and commercial mortgage financing, and consumer deposit products. Through its subsidiary, First Bank provides online and branch-based banking solutions, including checking and savings accounts, certificate of deposits, and digital banking tools designed to meet the needs of individuals, small- to mid-sized businesses, and professional institutions.

The company maintains a network of full-service banking centers and loan production offices across North Carolina and South Carolina, with a focus on markets in the Piedmont, Sandhills and coastal regions.

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