Stratifi Exits Position in First Bancorp Inc (FNLC)

First Bancorp Inc (FNLC) : Stratifi has sold out all of its stake in First Bancorp Inc during the most recent quarter, according to the disclosure filed by the company on Nov 14, 2016 with the SEC. The investment management company has sold out 27,000 shares of First Bancorp Inc which is valued at $752,760.

Other Hedge Funds, Including , Parametric Portfolio Associates reduced its stake in FNLC by selling 311 shares or 1.17% in the most recent quarter. The Hedge Fund company now holds 26,365 shares of FNLC which is valued at $735,056.O’shaughnessy Asset Management reduced its stake in FNLC by selling 475 shares or 8.2% in the most recent quarter. The Hedge Fund company now holds 5,320 shares of FNLC which is valued at $136,405.Emerald Acquisition Ltd. boosted its stake in FNLC in the latest quarter, The investment management firm added 4,910 additional shares and now holds a total of 16,440 shares of First Bancorp Inc which is valued at $410,671.Rhumbline Advisers boosted its stake in FNLC in the latest quarter, The investment management firm added 200 additional shares and now holds a total of 13,023 shares of First Bancorp Inc which is valued at $312,812.Provise Management Group reduced its stake in FNLC by selling 2,624 shares or 6.88% in the most recent quarter. The Hedge Fund company now holds 35,500 shares of FNLC which is valued at $852,710. First Bancorp Inc makes up approx 0.15% of Provise Management Group’s portfolio.

First Bancorp Inc opened for trading at $27.6 and hit $27.97 on the upside on Monday, eventually ending the session at $27.89, with a gain of 1.01% or 0.28 points. The heightened volatility saw the trading volume jump to 12,302 shares. Company has a market cap of $301 M.

The First Bancorp Inc. is a financial holding company of The First N.A. (the Bank). The Bank focuses on personal service and its customers are primarily small businesses and individuals to whom the Bank offers a range of services including deposit accounts consumer commercial and mortgage loans. In addition to traditional banking services the Company provides investment management and private banking services through First Advisors which is an operating division of the Bank. First Advisors offer an array of private banking financial planning investment management and trust services to individuals businesses non-profit organizations and municipalities. The Bank’s loan portfolio consists of commercial loans municipal loans consumer loans home equity loans and residential loans. The Company’s investment securities include securities available for sale and securities to be held to maturity. The Bank’s sources of funds include deposits and borrowed funds.

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