First Bancorp (FBNC) to Release Quarterly Earnings on Wednesday

First Bancorp (NASDAQ:FBNC) will post its quarterly earnings results on Wednesday, April 24th.

First Bancorp (NASDAQ:FBNC) last posted its quarterly earnings data on Wednesday, January 24th. The financial services provider reported $0.72 earnings per share for the quarter, beating analysts’ consensus estimates of $0.66 by $0.06. First Bancorp had a net margin of 19.06% and a return on equity of 7.97%. The firm had revenue of $97.03 million for the quarter, compared to analyst estimates of $99.63 million. On average, analysts expect First Bancorp to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

First Bancorp Stock Performance

NASDAQ:FBNC opened at $33.22 on Tuesday. The firm’s fifty day moving average price is $34.13 and its 200 day moving average price is $33.35. First Bancorp has a 1-year low of $26.00 and a 1-year high of $38.51. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.83 and a quick ratio of 0.83. The firm has a market cap of $1.37 billion, a price-to-earnings ratio of 13.13 and a beta of 1.00.

First Bancorp Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 25th. Shareholders of record on Sunday, March 31st will be issued a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a yield of 2.65%. The ex-dividend date of this dividend is Wednesday, March 27th. First Bancorp’s dividend payout ratio (DPR) is currently 34.78%.

Analysts Set New Price Targets

Separately, StockNews.com raised First Bancorp from a “sell” rating to a “hold” rating in a report on Monday, April 1st.

First Bancorp Company Profile

First Bancorp operates as the bank holding company for First Bank that provides banking products and services for individuals and small to medium-sized businesses. The company accepts deposit products, such as checking, savings, and money market accounts, as well as time deposits, including certificate of deposits and individual retirement accounts.