Public Employees Retirement System of Ohio Purchases New Shares in First Bancorp $FBNC

Posted by on Sep 5th, 2026

Public Employees Retirement System of Ohio acquired a new stake in First Bancorp (NASDAQ:FBNC – Free Report) in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund acquired 120,076 shares of the financial services provider’s stock, valued at approximately $3,130,000. Public Employees Retirement System of Ohio owned about 0.29% of First Bancorp as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Royal Bank of Canada grew its holdings in shares of First Bancorp by 6.8% during the first quarter. Royal Bank of Canada now owns 43,558 shares of the financial services provider’s stock worth $1,749,000 after purchasing an additional 2,781 shares during the last quarter. AQR Capital Management LLC acquired a new stake in shares of First Bancorp in the first quarter valued at $318,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of First Bancorp by 5.1% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 23,935 shares of the financial services provider’s stock valued at $961,000 after buying an additional 1,160 shares during the last quarter. Millennium Management LLC bought a new position in shares of First Bancorp in the first quarter valued at about $4,046,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in First Bancorp by 6.4% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 258,671 shares of the financial services provider’s stock worth $10,383,000 after buying an additional 15,570 shares in the last quarter. Institutional investors and hedge funds own 68.36% of the company’s stock.

First Bancorp Price Performance

First Bancorp stock opened at $65.04 on Friday. The business’s 50-day simple moving average is $64.20 and its 200 day simple moving average is $60.33. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.04. The stock has a market cap of $2.69 billion, a price-to-earnings ratio of 20.20 and a beta of 0.80. 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 announced its quarterly earnings data on Wednesday, July 22nd. The financial services provider reported $1.22 earnings per share for the quarter, topping the consensus estimate of $1.15 by $0.07. First Bancorp had a return on equity of 11.31% and a net margin of 22.12%.The firm had revenue of $127.30 million during the quarter, compared to analysts’ expectations of $126.07 million. As a group, research analysts anticipate that First Bancorp will post 4.69 earnings per share for the current year.

Wall Street Analyst Weigh In

FBNC has been the topic of a number of research analyst reports. Piper Sandler increased their price objective on shares of First Bancorp from $64.00 to $65.00 and gave the stock a “neutral” rating in a report on Wednesday, July 29th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of First Bancorp in a research note on Thursday, August 13th. Keefe, Bruyette & Woods upped their target price on shares of First Bancorp from $67.00 to $70.00 and gave the stock an “outperform” rating in a research report on Tuesday, August 4th. Brean Capital began coverage on shares of First Bancorp in a research note on Monday, June 8th. They set a “neutral” rating and a $65.75 price target on the stock. Finally, Raymond James Financial raised 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. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, First Bancorp presently has an average rating of “Moderate Buy” and an average price target of $68.94.

Check Out Our Latest Stock Analysis on First Bancorp

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.

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Institutional Ownership by Quarter for First Bancorp (NASDAQ:FBNC)

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