Orchard Capital Management LLC Invests $7.33 Million in First Bancorp, Inc (ME) $FNLC

Posted by Brian Himes on Aug 23rd, 2026

Orchard Capital Management LLC acquired a new position in First Bancorp, Inc (ME) (NASDAQ:FNLC – Free Report) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 116,995 shares of the bank’s stock, valued at approximately $7,329,000. First Bancorp, Inc (ME) accounts for about 7.1% of Orchard Capital Management LLC’s portfolio, making the stock its biggest position.

Several other institutional investors have also added to or reduced their stakes in the stock. Rhino Investment Partners Inc acquired a new stake in First Bancorp, Inc (ME) during the 1st quarter valued at approximately $1,362,000. GSA Capital Partners LLP acquired a new position in shares of First Bancorp, Inc (ME) in the 2nd quarter worth approximately $1,837,000. Deutsche Bank AG acquired a new position in shares of First Bancorp, Inc (ME) in the 2nd quarter worth approximately $52,704,000. Quantinno Capital Management LP lifted its position in shares of First Bancorp, Inc (ME) by 37.8% in the 1st quarter. Quantinno Capital Management LP now owns 55,599 shares of the bank’s stock worth $1,558,000 after purchasing an additional 15,263 shares during the period. Finally, Quartz Partners LLC bought a new stake in shares of First Bancorp, Inc (ME) in the 2nd quarter valued at $1,725,000. 40.41% of the stock is currently owned by institutional investors.

First Bancorp, Inc (ME) Stock Down 0.9%

Shares of NASDAQ:FNLC opened at $34.74 on Friday. First Bancorp, Inc has a 1 year low of $24.08 and a 1 year high of $36.30. The company has a debt-to-equity ratio of 0.12, a current ratio of 0.86 and a quick ratio of 0.86. The business’s 50-day moving average is $34.29 and its 200-day moving average is $30.62. The company has a market capitalization of $391.87 million, a price-to-earnings ratio of 10.31 and a beta of 0.50.

First Bancorp, Inc (ME) (NASDAQ:FNLC – Get Free Report) last released its earnings results on Wednesday, July 22nd. The bank reported $0.85 EPS for the quarter. The business had revenue of $25.82 million during the quarter. First Bancorp, Inc (ME) had a return on equity of 13.30% and a net margin of 21.43%.

First Bancorp, Inc (ME) Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 17th. Stockholders of record on Tuesday, July 7th were given a dividend of $0.38 per share. This is a positive change from First Bancorp, Inc (ME)’s previous quarterly dividend of $0.37. The ex-dividend date of this dividend was Tuesday, July 7th. This represents a $1.52 annualized dividend and a dividend yield of 4.4%. First Bancorp, Inc (ME)’s payout ratio is 45.10%.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “buy (b)” rating on shares of First Bancorp, Inc (ME) in a research report on Thursday, June 18th. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat, the stock presently has an average rating of “Buy”.

Get Our Latest Research Report on FNLC

Insider Activity at First Bancorp, Inc (ME)

In other news, EVP Sarah Tolman sold 5,200 shares of First Bancorp, Inc (ME) stock in a transaction on Tuesday, July 28th. The shares were 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 owned 2,191 shares in the company, valued at $77,167.02. The trade was a 70.36% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 5.11% of the stock is currently owned by company insiders.

First Bancorp, Inc (ME) Company Profile

(Free Report)

First Bancorp, Inc (NASDAQ: FNLC) is a Maine-based bank holding company headquartered in Dover-Foxcroft. Through its principal subsidiary, The First National Bank of Dover-Foxcroft, the company provides a full suite of community banking services to individuals, small businesses and nonprofit organizations. Its core deposit offerings include checking, savings, money market and certificate of deposit accounts, complemented by online and mobile banking platforms.

On the lending side, First Bancorp’s product portfolio spans consumer and residential mortgage loans as well as commercial and agricultural lending.