Stephens analyst Tyler Stafford reiterated a Hold rating on First Bancorp (FBNC) today and set a price target of $39. The company’s shares closed yesterday at $38.03.
According to TipRanks.com, Stafford is a 4-star analyst with an average return of 6.2% and a 63.8% success rate. Stafford covers the Financial sector, focusing on stocks such as Capstar Financial Holdings Inc, Carolina Financial Corporation, and Pacific Premier Bancorp Inc.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for First Bancorp with a $41.50 average price target.
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First Bancorp’s market cap is currently $1.13B and has a P/E ratio of 12.42. The company has a Price to Book ratio of 1.44.
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First Bancorp operates as a bank holding company, which engages banking activities, with the acceptance of deposits and the making of loans. It provides range of deposit products such as checking, savings, NOW and money market accounts, as well as time deposits, including various types of certificates of deposits CDs and individual retirement accounts.
