Sanctuary Advisors LLC Buys New Shares in First Bancorp $FBNC

Posted by Brian Himes on Aug 29th, 2026

Sanctuary Advisors LLC purchased a new position in First Bancorp (NASDAQ:FBNC – Free Report) in the 2nd quarter, Holdings Channel.com reports. The fund purchased 10,990 shares of the financial services provider’s stock, valued at approximately $703,000.

Several other institutional investors have also added to or reduced their stakes in FBNC. EverSource Wealth Advisors LLC boosted its holdings in First Bancorp by 2,222.6% during the 2nd 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 position in First Bancorp during the 1st quarter worth approximately $34,000. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new position in First Bancorp in the 2nd quarter worth approximately $34,000. Torren Management LLC purchased a new position in First Bancorp in the 4th quarter worth approximately $41,000. Finally, Steward Partners Investment Advisory LLC lifted its position in First Bancorp by 87.0% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 819 shares of the financial services provider’s stock valued at $42,000 after purchasing an additional 381 shares during the last quarter. 68.36% of the stock is currently owned by hedge funds and other institutional investors.

First Bancorp Stock Performance

Shares of FBNC stock opened at $63.99 on Friday. The company’s fifty day moving average price is $64.05 and its 200-day moving average price is $60.23. The stock has a market cap of $2.65 billion, a PE ratio of 19.87 and a beta of 0.81. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.04. First Bancorp has a 12 month low of $45.96 and a 12 month high of $66.78.

First Bancorp (NASDAQ:FBNC – Get Free Report) last issued its quarterly earnings results on Wednesday, July 22nd. The financial services provider reported $1.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.15 by $0.07. First Bancorp had a net margin of 22.12% and a return on equity of 11.31%. The company had revenue of $127.30 million during the quarter, compared to analyst estimates of $126.07 million. On average, equities analysts expect that First Bancorp will post 4.69 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the company. Weiss Ratings reissued a “buy (b)” rating on shares of First Bancorp in a research note on Thursday, August 13th. Raymond James Financial upped their price target on shares of First Bancorp from $68.00 to $75.00 and gave the company a “strong-buy” rating in a report on Thursday, July 16th. Brean Capital began coverage on shares of First Bancorp in a report on Monday, June 8th. They issued a “neutral” rating and a $65.75 price target on the stock. Keefe, Bruyette & Woods raised their price target on shares of First Bancorp from $67.00 to $70.00 and gave the stock an “outperform” rating in a report on Tuesday, August 4th. Finally, Piper Sandler boosted their price objective on shares of First Bancorp from $64.00 to $65.00 and gave the company a “neutral” rating in a research report on Wednesday, July 29th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $68.94.

Read Our Latest Stock Analysis on FBNC

First Bancorp Company Profile

(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.

Sanctuary Advisors LLC Buys New Shares in First Bancorp $FBNC

First Bancorp Stock Performance

Analysts Set New Price Targets

First Bancorp Company Profile

Further Reading

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