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

First Bancorp (NASDAQ:FBNC) had declared a cash dividend of $0.0800 on Jun 15, 2016. The shares will quote ex-dividend on Jun 28, 2016 and the record date has been fixed for Jun 30, 2016. On Jun 15, 2016 share price, the yield comes out to be 1.6641%. The dividend payable date has been fixed on Jul 25, 2016.

In a different note, On May 11, 2016, Fig Partners said it Downgrades its rating on First Bancorp. The shares have been rated ‘Market Perform’ by the firm.

First Bancorp (FBNC) shares turned negative on Tuesdays trading session with the shares closing down -0.01 points or -0.05% at a volume of 19,719. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $19.18. The peak price level was also seen at $19.18 while the days lowest was $18.91. Finally the shares closed at $18.98. The 52-week high of the shares is $21.94 while the 52-week low is $16.01. According to the latest information available, the market cap of the company is $377 M.

First Bancorp(FBNC) last announced its earnings results on Apr 27, 2016 for Fiscal Year 2016 and Q1.Company reported revenue of $34.94M. Analysts had an estimated revenue of $36.50M. Earnings per share were $0.33. Analysts had estimated an EPS of $0.31.

Several Insider Transactions has been reported to the SEC. On Mar 22, 2016, Edward Francis Iii Soccorso (EVP) purchased 1,097 shares at $19.56 per share price.Also, On Feb 5, 2016, Daniel T Jr. Blue (director) purchased 300 shares at $18.41 per share price.On Dec 7, 2015, Richard H Moore (CEO) purchased 5,100 shares at $19.47 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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