Today, the President of First Bancorp (NASDAQ: FBNC), Michael Goodwin Mayer, sold shares of FBNC for $149.9K.
Following Michael Goodwin Mayer’s last FBNC Sell transaction on May 02, 2017, the stock climbed by 12.4%. This is Mayer’s first Sell trade following 10 Buy transactions.
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Based on First Bancorp’s latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $71 million and quarterly net profit of $20.67 million. In comparison, last year the company earned revenue of $46.28 million and had a net profit of $7.56 million. FBNC’s market cap is $1.22B and the company has a P/E ratio of 19.07. Currently, First Bancorp has an average volume of 131.9K.
Based on 3 analyst ratings, the analyst consensus is Moderate Buy with an average price target of $43.00, reflecting a -3.7% downside.
In the last 30 days, insiders have sold $149.9K worth of FBNC shares and purchased $206.6K worth of FBNC shares. The insider sentiment on First Bancorp has been positive according to 26 insider trades in the past three months. This sentiment is slightly higher than the average sentiment of company insiders in this sector.
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First Bancorp (North Carolina) 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. The company’s offerings include credit cards, debit cards, letters of credit; safe deposit box rentals, bank money orders and electronic funds transfer services, including wire transfers. It provides loans for a range of consumer and commercial purposes, including loans for business, agriculture, real estate, personal uses, home improvement and automobiles. The company was founded on December 8, 1983 and is headquartered in Southern Pines, NC.
