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- Market Cap.:
- $1.44 billion
- Book Value:
- Revenue TTM:
- $373.10 million
- Operating Margin TTM:
- Gross Profit TTM:
- $373.10 million
- Profit Margin:
- Return on Assets TTM:
- Return on Equity TTM:
First Bancorp had its IPO on 1992-12-09 under the ticker symbol FBNC.
The company operates in the Financial Services sector and Banks-Regional industry. First Bancorp has a staff strength of 1,244 employees.
Shares of First Bancorp opened at $34.82 at the start of the last trading session i.e. 2023-03-24.
The stocks traded within a range of $34.7 - $36.76, and closed at $36.5.
This is a +3.72% increase from the previous day's closing price.
A total volume of 233,571 shares were traded at the close of the day’s session.
In the last one week, shares of First Bancorp have slipped by -1.88%.
First Bancorp's Key Ratios
First Bancorp has a market cap of $1.44 billion, indicating a price to book ratio of 1.6755 and a price to sales ratio of 4.171.
In the last 12-months First Bancorp’s revenue was $373.10 million with a gross profit of $373.10 million and an EBITDA of $0. The EBITDA ratio measures First Bancorp's overall financial performance and is widely used to measure its profitability.
In the trailing 12-month period, First Bancorp’s operating margin was 49.92% while its return on assets stood at 1.39% with a return of equity of 12.99%.
In Q4, First Bancorp’s quarterly earnings growth was a positive 253.2% while revenue growth was a positive 20.2%.
First Bancorp’s PE and PEG Ratio
- Forward PE
- Trailing PE
Its diluted EPS in the last 12-months stands at $4.06 per share while it has a forward price to earnings multiple of 8.4034 and a PEG multiple of 1.543. A low price to earnings ratio can mean the stock is attractively valued while a high ratio suggests the stock may be overvalued.
The PEG on the other hand provides a broader view compared to the P/E ratio and gives greater insight into First Bancorp’s profitability.
First Bancorp stock is trading at a EV to sales ratio of 0 and a EV to EBITDA ratio of 0. Its price to sales ratio in the trailing 12-months stood at 4.171.
First Bancorp stock pays annual dividends of $0.88 per share, indicating a yield of 2.45% and a payout ratio of 22.74%.
Balance sheet and cash flow metrics
- Total Assets
- $10.63 billion
- Total Liabilities
- $19.39 million
- Operating Cash Flow
- Capital Expenditure
- Dividend Payout Ratio
First Bancorp ended 2023 with $10.63 billion in total assets and $0 in total liabilities. Its intangible assets were valued at $10.63 billion while shareholder equity stood at $1.03 billion.
First Bancorp ended 2023 with $0 in deferred long-term liabilities, $19.39 million in other current liabilities, 725153000.00 in common stock, $648.42 million in retained earnings and $364.26 million in goodwill. Its cash balance stood at $270.32 million and cash and short-term investments were $2.58 billion. The company’s total short-term debt was $19,391,000 while long-term debt stood at $287.51 million.
First Bancorp’s total current assets stands at $2.45 billion while long-term investments were $2.86 billion and short-term investments were $2.31 billion. Its net receivables were $29.71 million compared to accounts payable of $0 and inventory worth $0.
In 2023, First Bancorp's operating cash flow was $0 while its capital expenditure stood at $0.
Comparatively, First Bancorp paid $0.23 in dividends in 2023.
Other key metrics
- Current Trading Price
- 52-Week High
- 52-Week Low
- Analyst Target Price
First Bancorp stock is currently trading at $36.5 per share. It touched a 52-week high of $48.748 and a 52-week low of $48.748. Analysts tracking the stock have a 12-month average target price of $47.35.
Its 50-day moving average was $39.94 and 200-day moving average was $39.58 The short ratio stood at 3.13 indicating a short percent outstanding of 0%.
Around 238.5% of the company’s stock are held by insiders while 6320.3% are held by institutions.
Frequently Asked Questions About First Bancorp
Similar Industry Stocks (Banks-Regional)
First Bancorp operates as the bank holding company for First Bank that provides banking products and services for individuals and small to medium-sized businesses. It accepts deposit products, such as checking, savings, and money market accounts, as well as time deposits, including certificate of deposits and individual retirement accounts. The company also offers loans for a range of consumer and commercial purposes comprising loans for business, real estate, personal, home improvement, and automobiles, as well as residential mortgages and small business administration loans; and accounts receivable financing and factoring, inventory financing, and purchase order financing services. In addition, it provides credit and debit cards, letter of credits, and safe deposit box rental services, as well as electronic funds transfer services consisting of wire transfers; and internet and mobile banking, cash management, bank-by-phone services, and remote deposit capture services. Further, the company offers investment and insurance products, such as mutual funds, annuities, long-term care insurance, life insurance, and company retirement plans, as well as property and casualty insurance products; and financial planning services. First Bancorp was founded in 1934 and is headquartered in Southern Pines, North Carolina.