Investors sentiment increased to 1.64 in Q2 2018. Its up 0.53, from 1.11 in 2018Q1. It increased, as 5 investors sold First Bancorp shares while 42 reduced holdings. 23 funds opened positions while 54 raised stakes. 19.00 million shares or 4.58% more from 18.17 million shares in 2018Q1 were reported.
Sg Americas Securities Lc owns 4,399 shares for 0% of their portfolio. Manufacturers Life Insurance Co The has 0% invested in First Bancorp (NASDAQ:FBNC) for 21,100 shares. Brown Advisory has 0% invested in First Bancorp (NASDAQ:FBNC) for 6,578 shares. Brandywine Invest Mngmt Limited Liability Corp holds 0% or 7,192 shares. D E Shaw & Communication accumulated 52,869 shares. Voya Investment Mngmt Ltd Co stated it has 0% in First Bancorp (NASDAQ:FBNC). Raymond James Fincl Svcs holds 0.01% or 28,969 shares in its portfolio. The Pennsylvania-based Penn Capital Management Company has invested 0.13% in First Bancorp (NASDAQ:FBNC). Bowling Mgmt Limited Liability holds 0.18% or 32,244 shares. Tiaa Cref Inv Management Limited Company holds 84,319 shares or 0% of its portfolio. Parkside Natl Bank & reported 3,000 shares. Barclays Public Limited Company invested 0% in First Bancorp (NASDAQ:FBNC). Zebra Cap Mgmt Limited Liability Corporation holds 0.26% or 15,105 shares. Greenwood Cap Associate Limited Liability Corp owns 5,772 shares for 0.05% of their portfolio. Davenport Limited Liability Company holds 0.01% or 17,316 shares in its portfolio.
Since May 18, 2018, it had 3 insider buys, and 2 sales for $84,485 activity. Another trade for 6,270 shares valued at $263,158 was sold by CREDLE ERIC P. 3,100 shares were bought by MOORE RICHARD H, worth $130,696. On Friday, May 18 the insider Mayer Michael Goodwin sold $18,918. 750 shares were sold by Capel Mary Clara, worth $31,791.
First Bancorp (NASDAQ:FBNC) Ratings Coverage
Among 3 analysts covering First Bancorp (NASDAQ:FBNC), 2 have Buy rating, 0 Sell and 1 Hold. Therefore 67% are positive. First Bancorp had 4 analyst reports since May 21, 2018 according to SRatingsIntel. The company was maintained on Monday, June 11 by Brean Capital. The company was downgraded on Tuesday, July 10 by Raymond James. The rating was maintained by Brean Capital on Monday, May 21 with “Buy”. The stock of First Bancorp (NASDAQ:FBNC) earned “Overweight” rating by PiperJaffray on Friday, July 27. Below is a list of First Bancorp (NASDAQ:FBNC) latest ratings and price target changes.
27/07/2018 Broker: PiperJaffray Old Rating: Overweight New Rating: Overweight Old Target: $44 New Target: $46 Maintain
10/07/2018 Broker: Raymond James Old Rating: Outperform New Rating: Market Perform Downgrade
11/06/2018 Broker: Brean Capital Rating: Buy Maintain
21/05/2018 Broker: Brean Capital Rating: Buy Maintain
The stock decreased 1.00% or $0.39 during the last trading session, reaching $38.46. About 74,355 shares traded. First Bancorp (NASDAQ:FBNC) has risen 31.03% since November 14, 2017 and is uptrending. It has outperformed by 15.41% the S&P500.
First Bancorp operates as the bank holding firm for First Bank that provides banking services and products for individuals and small to medium-sized businesses primarily in North Carolina and northeastern South Carolina. The company has market cap of $1.14 billion. It accepts deposit products, such as checking, savings, and money market accounts, as well as time deposits, including certificates of deposits and individual retirement accounts. It has a 14.29 P/E ratio. The firm also offers loans for a range of consumer and commercial purposes comprising loans for business, agriculture, real estate, personal uses, home improvement, and automobiles.