First Bancorp (FBNC) Stake Lowered by Nationwide Fund Advisors

Florence Fletcher
January 13, 2018

FBP's profit will be $10.81 million for 27.00 P/E if the $0.05 EPS becomes a reality. After having $0.28 EPS previously, RPC, Inc.'s analysts see 17.86% EPS growth.

The stock decreased 1.47% or $0.02 during the last trading session, reaching $1.34. (CF) pulled off a 3.06 percent gain and now trades for $43.72.

Investors sentiment decreased to 0.94 in 2017 Q3. Ubs Asset Mgmt Americas Inc owns 0% invested in First Bancorp (NYSE:FBP) for 93,266 shares. Therefore 44% are positive. Middleby had 16 analyst reports since November 12, 2015 according to SRatingsIntel. The stock presently has a consensus rating of Buy and an average price target of $39.50. They set an "overweight" rating and a $27.00 target price on the stock. Stifel Nicolaus maintained First Bancorp (NASDAQ:FBNC) rating on Monday, August 3. The firm earned "Buy" rating on Tuesday, January 2 by Brean Capital. On Wednesday, February 8 the stock rating was initiated by Citigroup with "Neutral". Piper Jaffray maintained First Bancorp (NYSE:FBP) rating on Friday, October 6. BNP Paribas Arbitrage SA now owns 3,268 shares of the financial services provider's stock valued at $102,000 after buying an additional 3,018 shares in the last quarter. The firm earned "Buy" rating on Thursday, December 21 by Keefe Bruyette & Woods. Bank of America maintained the shares of FBP in report on Wednesday, November 8 with "Neutral" rating.

Among 20 analysts covering PepsiCo (NYSE:PEP), 8 have Buy rating, 0 Sell and 12 Hold.

FBNC has been the topic of several analyst reports. The stock of S&T Bancorp, Inc. As per Tuesday, August 11, the company rating was upgraded by Zacks. Canaccord Genuity maintained the shares of GS in report on Monday, September 19 with "Hold" rating. As per Thursday, October 5, the company rating was reinitiated by PiperJaffray. The stock has "Sector Perform" rating by National Bank Canada on Friday, November 13. Citigroup has "Neutral" rating and $7 target. The stock has "Outperform" rating by Scotia Capital on Friday, November 11. As per Friday, April 28, the company rating was maintained by BMO Capital Markets. The firm has "Buy" rating by Maxim Group given on Monday, October 23.

Gluskin Sheff + Associates a publicly owned investment manager. The company has market cap of $5.47 billion. It has a 66.47 P/E ratio.

JPMorgan Chase & Co. increased its position in First Bancorp (NASDAQ:FBNC) by 2.4% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. Its up 0.86, from 1.63 in 2017Q2.

First Bancorp (NASDAQ:FBNC) insider Suzanne S. Deferie sold 12,001 shares of the business's stock in a transaction dated Wednesday, December 27th.

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Hedge funds and other institutional investors have recently made changes to their positions in the stock. Vanguard Grp holds 0% in First Internet Bancorp (NASDAQ:INBK) or 311,997 shares. Susquehanna Group Limited Liability Partnership reported 0% in First Bancorp (NASDAQ:FBNC). Plante Moran Advsr Ltd Liability Company reported 2,925 shares stake.

Us Retail Bank De has 2,829 shares for 0% of their portfolio. It is negative, as 29 investors sold RPC, Inc. shares while 69 reduced holdings. Raymond James Fincl Advisors holds 0% or 8,712 shares in its portfolio. Millennium Management Limited Liability, New York-based fund reported 42,394 shares. Piedmont Advisors invested 0.01% in S&T Bancorp, Inc. State Street reported 460,573 shares.

6 analysts on average are expecting First Bancorp to report earnings of $0.06 per share for the current quarter. Prelude Mngmt Ltd reported 9,600 shares.

The average Wall Street analyst rating for First Bancorp is Strong Buy, according to the average of 3 analyst scores. Two Sigma Secs Ltd Limited Liability Company has 11,411 shares for 0.01% of their portfolio. Sei holds 0% or 83 shares. Heartland Advisors Inc who had been investing in First Internet Bancorp for a number of months, seems to be bullish on the $341.91 million market cap company. The stock's 52-week range is $4.48 to $7.02, and its 3-month range is $4.48 to $5.53. First Bancorp (NASDAQ:FBNC) has risen 47.69% since January 10, 2017 and is uptrending. It has outperformed by 7.46% the S&P500.

Since December 20, 2017, it had 1 insider purchase, and 0 insider sales for $99,180 activity. The average 1-year price target for (CF) reveals an average price target of $37.13 per share.

For the current quarter First Bancorp (NYSE:FBP) has average revenue estimates of $123.64 Million, a total number of 4 analysts provided estimations over revenues.

Since December 7, 2017, it had 0 buys, and 5 selling transactions for $8.03 million activity.

S&T Bancorp, Inc. operates as the bank holding firm for S&T Bank that provides a range of financial services. The total amount of shares outstanding is 216.22 million, giving the company a market capitalization of about 1.16 billion.

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