First Bancorp(NASDAQ:FBNC) Declares Dividend of $0.0800.

First Bancorp (NASDAQ:FBNC) had declared a cash dividend of $0.0800 on Sep 15, 2016. The shares will quote ex-dividend on Sep 28, 2016 and the record date has been fixed for Sep 30, 2016. On Sep 15, 2016 share price, the yield comes out to be 1.6368%. The dividend payable date has been fixed on Oct 25, 2016.

In a different note, On Aug 23, 2016, Keefe Bruyette & Woods said it Maintains its rating on First Bancorp. In the research note, the firm Raises the price-target to $22.00 per share. The shares have been rated ‘Outperform’ by the firm.

First Bancorp (FBNC) made into the market gainers list on Tuesdays trading session with the shares advancing 0.66% or 0.13 points. Due to strong positive momentum, the stock ended at $19.72, which is also near the day’s high of $19.78. The stock began the session at $19.61 and the volume stood at 21,063 shares. The 52-week high of the shares is $21.94 and the 52 week low is $16.0121. The company has a current market capitalization of $396 M and it has 2,00,87,942 shares in outstanding.

First Bancorp(FBNC) last announced its earnings results on Jul 26, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $37.97M. Analysts had an estimated revenue of $37.25M. Earnings per share were $0.37. Analysts had estimated an EPS of $0.33.

Several Insider Transactions has been reported to the SEC. On Aug 15, 2016, James C Iii Crawford (director) purchased 2,000 shares at $18.63 per share price.Also, On Jun 30, 2016, Richard H Moore (CEO) purchased 1,440 shares at $17.25 per share price.On Jun 27, 2016, Michael Goodwin Mayer (President) purchased 500 shares at $17.35 per share price, according to the Form-4 filing with the securities and exchange commission.

First Bancorp is the bank holding company for First Bank (the Bank). The Company’s banking activities include the acceptance of deposits and the making of loans. The Company also offers credit cards debit cards letters of credit safe deposit box rentals and electronic funds transfer services including wire transfers. The Company offers Internet banking mobile banking cash management and bank-by-phone capabilities. As of December 31 2014 the Company conducted business from 87 branches and served primarily the south central region (the Piedmont region) the central mountain region and the eastern coastal region of North Carolina with operations in northeastern South Carolina and southwestern Virginia. As of December 31 2014 the Bank had two wholly owned subsidiaries First Bank Insurance Services Inc. an agent for property and casualty insurance policies and First Troy SPE LLC.

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