The First Bancorp, Inc. (NASDAQ:FNLC) Stock Position Lifted by First Bancorp Inc ME

First Bancorp Inc ME boosted its stake in shares of The First Bancorp, Inc. (NASDAQ:FNLC) by 0.1% during the first quarter, HoldingsChannel.com reports. The firm owned 727,204 shares of the bank’s stock after acquiring an additional 500 shares during the period. First Bancorp makes up about 13.6% of First Bancorp Inc ME’s portfolio, making the stock its largest holding. First Bancorp Inc ME owned approximately 0.07% of First Bancorp worth $17,918,000 as of its most recent SEC filing.

Separately, FMR LLC boosted its holdings in shares of First Bancorp by 2.6% during the 3rd quarter. FMR LLC now owns 224,889 shares of the bank’s stock worth $5,285,000 after buying an additional 5,748 shares during the period. 40.41% of the stock is owned by hedge funds and other institutional investors.

First Bancorp Stock Performance

NASDAQ:FNLC traded up $0.78 during trading hours on Wednesday, hitting $23.72. 6,347 shares of the company traded hands, compared to its average volume of 14,401. The stock has a market capitalization of $264.24 million, a price-to-earnings ratio of 9.44 and a beta of 0.58. The First Bancorp, Inc. has a twelve month low of $21.77 and a twelve month high of $29.16. The firm has a 50-day moving average of $23.32 and a 200 day moving average of $24.36. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.29.

First Bancorp (NASDAQ:FNLC) last released its earnings results on Wednesday, April 17th. The bank reported $0.54 EPS for the quarter. The firm had revenue of $18.52 million during the quarter. First Bancorp had a net margin of 18.41% and a return on equity of 11.68%.

First Bancorp Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, April 19th. Investors of record on Tuesday, April 9th were given a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a dividend yield of 5.90%. The ex-dividend date of this dividend was Monday, April 8th. First Bancorp’s dividend payout ratio (DPR) is currently 56.45%.

Insiders Place Their Bets

In other First Bancorp news, Director Kimberly Swan bought 1,275 shares of First Bancorp stock in a transaction dated Thursday, April 18th. The shares were bought at an average price of $22.31 per share, with a total value of $28,445.25. Following the purchase, the director now owns 9,837 shares of the company’s stock, valued at $219,463.47. The transaction was disclosed in a document filed with the SEC, which is available at this link. Insiders own 6.01% of the company’s stock.

First Bancorp Company Profile

The First Bancorp, Inc operates as the holding company for First National Bank that provides a range of banking products and services to individuals and businesses. It offers various deposit products, including demand, NOW, time, savings, money market, and certificates of deposit accounts. The company also provides commercial loans comprising commercial real estate owner occupied, such as mortgage loans to finance investments in real property such as retail space, offices, industrial buildings, hotels, educational facilities, and other specific or mixed use properties; commercial real estate non-owner occupied loans; commercial construction to finance construction in a mix of owner- and nonowner occupied commercial real estate properties; and commercial and industrial loans, including revolving and term loan for financing working capital and/or capital investment.