First Bancorp, Inc (ME) (NASDAQ:FNLC – Get Free Report) shares crossed above its 200-day moving average during trading on Friday. The stock has a 200-day moving average of $31.91 and traded as high as $34.25. First Bancorp, Inc (ME) shares last traded at $34.21, with a volume of 33,673 shares traded.
Wall Street Analyst Weigh In
Separately, Weiss Ratings reissued a “buy (b)” rating on shares of First Bancorp, Inc (ME) in a research report on Monday, September 14th. One analyst has rated the stock with a Buy rating, According to data from MarketBeat, the company currently has a consensus rating of “Buy”.
Get Our Latest Stock Report on FNLC
First Bancorp, Inc (ME) Stock Performance
First Bancorp, Inc (ME) (NASDAQ:FNLC – Get Free Report) last announced its earnings results on Wednesday, July 22nd. The bank reported $0.85 earnings per share (EPS) for the quarter. First Bancorp, Inc (ME) had a return on equity of 13.30% and a net margin of 21.43%.The company had revenue of $25.82 million for the quarter.
First Bancorp, Inc (ME) Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Friday, October 16th. Investors of record on Tuesday, October 6th will be paid a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a yield of 4.4%. The ex-dividend date is Tuesday, October 6th. First Bancorp, Inc (ME)’s dividend payout ratio (DPR) is 45.10%.
Insider Buying and Selling
In other news, EVP Sarah Tolman sold 5,200 shares of the business’s stock in a transaction that occurred on Tuesday, July 28th. The stock was sold at an average price of $35.22, for a total value of $183,144.00. Following the completion of the sale, the executive vice president directly owned 2,191 shares in the company, valued at approximately $77,167.02. The trade was a 70.36% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 5.11% of the stock is currently owned by corporate insiders.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently modified their holdings of the business. Legal & General Group Plc bought a new position in shares of First Bancorp, Inc (ME) during the second quarter valued at approximately $39,000. PNC Financial Services Group Inc. lifted its position in First Bancorp, Inc (ME) by 54.6% in the 1st quarter. PNC Financial Services Group Inc. now owns 3,168 shares of the bank’s stock valued at $89,000 after purchasing an additional 1,119 shares during the last quarter. Premier Financial Group bought a new position in First Bancorp, Inc (ME) in the 2nd quarter worth about $178,000. Squarepoint Ops LLC bought a new stake in shares of First Bancorp, Inc (ME) during the second quarter valued at approximately $274,000. Finally, Hsbc Holdings PLC bought a new position in First Bancorp, Inc (ME) in the 2nd quarter worth approximately $314,000. 40.41% of the stock is owned by institutional investors and hedge funds.
First Bancorp, Inc (ME) Company Profile
First Bancorp, Inc is a bank holding company headquartered in Damariscotta, Maine. Its principal subsidiary, First National Bank, provides banking and financial services to individuals, families, businesses and municipalities throughout Maine.
First National Bank offers deposit products, residential and commercial real estate lending, consumer loans, business financing and other commercial banking services. The bank also provides wealth management and investment-related services through its trust and investment operations.
First National Bank traces its history to 1852 and operates a community banking network serving customers primarily in central and coastal Maine.
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