First Bancorp (NASDAQ:FNLC) Stock Price Crosses Above 200 Day Moving Average – Time to Sell?

The First Bancorp, Inc. (NASDAQ:FNLC) shares passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $26.20 and traded as high as $28.71. First Bancorp shares last traded at $28.30, with a volume of 22,856 shares trading hands.

First Bancorp Price Performance

The company has a 50 day moving average of $27.67 and a 200 day moving average of $26.20. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.37. The firm has a market cap of $314.04 million, a price-to-earnings ratio of 11.88 and a beta of 0.58.

First Bancorp Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, October 18th. Shareholders of record on Tuesday, October 8th were issued a dividend of $0.36 per share. The ex-dividend date was Tuesday, October 8th. This represents a $1.44 annualized dividend and a yield of 5.11%. First Bancorp’s dividend payout ratio (DPR) is currently 60.76%.

Institutional Trading of First Bancorp

Hedge funds and other institutional investors have recently modified their holdings of the company. Rise Advisors LLC acquired a new stake in First Bancorp in the 3rd quarter valued at approximately $37,000. SG Americas Securities LLC acquired a new position in First Bancorp during the third quarter worth $104,000. Means Investment CO. Inc. bought a new position in First Bancorp in the third quarter valued at $226,000. Rhumbline Advisers increased its stake in First Bancorp by 7.7% in the 2nd quarter. Rhumbline Advisers now owns 16,029 shares of the bank’s stock valued at $398,000 after buying an additional 1,142 shares during the last quarter. Finally, Barclays PLC lifted its position in First Bancorp by 80.1% during the 3rd quarter. Barclays PLC now owns 23,135 shares of the bank’s stock worth $608,000 after buying an additional 10,288 shares in the last quarter. Institutional investors and hedge funds own 40.41% of the company’s stock.

About First Bancorp

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.