First Bancorp

Company Profile

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.

Stock update

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

8.4034

Trailing PE

8.6675

PEG

1.543

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

$0

Capital Expenditure

$0

Dividend Payout Ratio

22.74%

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

$36.5

52-Week High

$48.748

52-Week Low

$32.5416

Analyst Target Price

$47.35

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.