Piper Sandler Maintains Overweight on First Bancorp, Lowers Price Target to $32
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Piper Sandler analyst Stephen Scouten maintains First Bancorp (NASDAQ:FBNC) with a Overweight and lowers the price target from $34 to $32.
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 9/14/2023 | $36.50 → $34.00 | Neutral → Buy | DA Davidson |
| 7/31/2023 | Outperform → Mkt Perform | Raymond James | |
| 8/18/2022 | $49.00 → $47.00 | Neutral → Overweight | Piper Sandler |
| 8/1/2022 | $43.00 → $42.00 | Buy → Neutral | DA Davidson |
| 2/28/2022 | $49.00 | Outperform | Raymond James |
| 10/12/2021 | $49.00 → $52.00 | Overweight → Neutral | Piper Sandler |
Keefe, Bruyette & Woods analyst Wood Lay maintains First Bancorp (NASDAQ:FBNC) with a Outperform and raises the price target from $40 to $45.
First Bancorp (NASDAQ:FBNC) reported quarterly earnings of $0.70 per share which beat the analyst consensus estimate of $0.59 by 18.64 percent. This is a 1.41 percent decrease over earnings of $0.71 per share from the same period last year.
SOUTHERN PINES, N.C., Oct. 23, 2024 /PRNewswire/ -- First Bancorp (the "Company") (NASDAQ - FBNC), the parent company of First Bank, reported third quarter earnings today. At the end of September, Hurricane Helene greatly impacted portions of our footprint in Western North Carolina and the upstate of South Carolina. We quickly initiated a response for our associates, customers and communities in these areas, and our most important priority was and continues to be making sure our people are taken care of during this difficult time. Our team rallied together to support our customers and the communities we serve. While some of our facilities suffered damage during the storm, we have worked
SOUTHERN PINES, N.C., Sept. 13, 2024 /PRNewswire/ -- The Board of Directors of First Bancorp (NASDAQ:FBNC) (the "Company"), the parent company of First Bank, has declared a cash dividend on its common stock of $0.22 per share payable on October 25, 2024 to shareholders of record as of September 30, 2024. Richard Moore, Chief Executive Officer of First Bancorp, stated, "Our company had a strong performance during the second quarter of 2024 with improved liquidity, solid capital growth and continued strong credit quality. We are pleased that our financial performance and capital position allow us to continue distributing the level of cash dividend providing our shareholders with a valuable re
SOUTHERN PINES, N.C., July 24, 2024 /PRNewswire/ -- First Bancorp (the "Company") (NASDAQ - FBNC), the parent company of First Bank, announced today net income of $28.7 million, or $0.70 per diluted common share, for the three months ended June 30, 2024 compared to $25.3 million, or $0.61 per diluted common share, for the three months ended March 31, 2024 ("linked quarter") and $29.4 million, or $0.71 per diluted common share, for the second quarter of 2023 ("like quarter"). For the six months ended June 30, 2024, the Company recorded net income of $54.0 million, or $1.31 per diluted common share, compared to $44.6 million, or $1.08 per diluted common share, for the six months ended June 30
4 - FIRST BANCORP /NC/ (0000811589) (Issuer)
4 - FIRST BANCORP /NC/ (0000811589) (Issuer)
4 - FIRST BANCORP /NC/ (0000811589) (Issuer)
DA Davidson upgraded First Bancorp from Neutral to Buy and set a new price target of $34.00 from $36.50 previously
Raymond James downgraded First Bancorp from Outperform to Mkt Perform
Piper Sandler upgraded First Bancorp from Neutral to Overweight and set a new price target of $47.00 from $49.00 previously
4 - FIRST BANCORP /NC/ (0000811589) (Issuer)
4 - FIRST BANCORP /NC/ (0000811589) (Issuer)
4 - FIRST BANCORP /NC/ (0000811589) (Issuer)
SC 13G - FIRST BANCORP /NC/ (0000811589) (Subject)
SC 13G/A - FIRST BANCORP /NC/ (0000811589) (Subject)
SC 13G/A - FIRST BANCORP /NC/ (0000811589) (Subject)
10-Q - FIRST BANCORP /NC/ (0000811589) (Filer)
8-K - FIRST BANCORP /NC/ (0000811589) (Filer)
8-K - FIRST BANCORP /NC/ (0000811589) (Filer)
SOUTHERN PINES, N.C., July 30, 2024 /PRNewswire/ -- The Board of Directors of First Bancorp (NASDAQ:FBNC) (the "Company") announces the retirement of Mason Y. Garrett from the First Bancorp and First Bank Board of Directors (the "Board of Directors") effective July 26, 2024. Mr. Garrett was the Founder and Chairman of the Board of Directors of GrandSouth Bank and CEO of GrandSouth Bancorporation from 1998 until its merger with the Company in 2023, at which time he joined the Company's Board of Directors. He was a member of the Executive & Loan Committee of First Bank. Mr. Garrett has over 50 years of banking experience, including roles as President and Chief Executive Officer and Chairman of
SOUTHERN PINES, N.C., Oct. 23, 2024 /PRNewswire/ -- First Bancorp (the "Company") (NASDAQ - FBNC), the parent company of First Bank, reported third quarter earnings today. At the end of September, Hurricane Helene greatly impacted portions of our footprint in Western North Carolina and the upstate of South Carolina. We quickly initiated a response for our associates, customers and communities in these areas, and our most important priority was and continues to be making sure our people are taken care of during this difficult time. Our team rallied together to support our customers and the communities we serve. While some of our facilities suffered damage during the storm, we have worked
SOUTHERN PINES, N.C., Sept. 13, 2024 /PRNewswire/ -- The Board of Directors of First Bancorp (NASDAQ:FBNC) (the "Company"), the parent company of First Bank, has declared a cash dividend on its common stock of $0.22 per share payable on October 25, 2024 to shareholders of record as of September 30, 2024. Richard Moore, Chief Executive Officer of First Bancorp, stated, "Our company had a strong performance during the second quarter of 2024 with improved liquidity, solid capital growth and continued strong credit quality. We are pleased that our financial performance and capital position allow us to continue distributing the level of cash dividend providing our shareholders with a valuable re
SOUTHERN PINES, N.C., July 30, 2024 /PRNewswire/ -- The Board of Directors of First Bancorp (NASDAQ:FBNC) (the "Company") announces the retirement of Mason Y. Garrett from the First Bancorp and First Bank Board of Directors (the "Board of Directors") effective July 26, 2024. Mr. Garrett was the Founder and Chairman of the Board of Directors of GrandSouth Bank and CEO of GrandSouth Bancorporation from 1998 until its merger with the Company in 2023, at which time he joined the Company's Board of Directors. He was a member of the Executive & Loan Committee of First Bank. Mr. Garrett has over 50 years of banking experience, including roles as President and Chief Executive Officer and Chairman of