First Bancorp [NASDAQ: FBNC] traded at a high on Friday, posting a 1.49 gain after which it closed the day’ session at $44.14.
The results of the trading session contributed to over 240459 shares changing hands. Over the past one week, the price volatility of First Bancorp stands at 2.79% while the volatility over the past one month is 3.25%.
The market cap for FBNC stock reached $1.82 billion, with 41.34 million shares outstanding and 39.84 million shares in the current float. Compared to the average trading volume of 180.67K shares, FBNC reached a trading volume of 240459 in the most recent trading day, which is why market watchdogs consider the stock to be active.
What do top market gurus say about First Bancorp [FBNC]?
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for FBNC shares is $51.62 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on FBNC stock is a recommendation set at 1.67. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
DA Davidson have made an estimate for First Bancorp shares, keeping their opinion on the stock as Buy, with their previous recommendation back on September 14, 2023. The new note on the price target was released on July 31, 2023, representing the official price target for First Bancorp stock. Previously, the target price had yet another drop from $49 to $47, while Piper Sandler kept a Overweight rating on FBNC stock. On August 01, 2022, analysts decreased their price target for FBNC shares from 43 to 42.
The Average True Range (ATR) for First Bancorp is set at 1.36, with the Price to Sales ratio for FBNC stock in the period of the last 12 months amounting to 3.20. The Price to Book ratio for the last quarter was 1.24. Price to Free Cash Flow for FBNC in the course of the last twelve months was 13.49.
How has FBNC stock performed recently?
First Bancorp [FBNC] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 7.76. With this latest performance, FBNC shares dropped by -7.93% in over the last four-week period, additionally plugging by 15.52% over the last 6 months – not to mention a rise of 31.80% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for FBNC stock in for the last two-week period is set at 50.22, with the RSI for the last a single of trading hit 54.92, and the three-weeks RSI is set at 49.17 for First Bancorp [FBNC]. The present Moving Average for the last 50 days of trading for this stock 45.56, while it was recorded at 43.13 for the last single week of trading, and 39.05 for the last 200 days.
First Bancorp [FBNC]: Deeper insight into the fundamentals
First Bancorp’s liquidity data is similarly interesting compelling, with a Current Ratio set at 0.09.
Insider trade positions for First Bancorp [FBNC]
There are presently around $68.50%, or 71.12%% of FBNC stock, in the hands of institutional investors. The top three institutional holders of FBNC stocks are: BLACKROCK INC. with ownership of 6.06 million shares, which is approximately 14.8269%. VANGUARD GROUP INC, holding 2.8 million shares of the stock with an approximate value of $$89.36 million in FBNC stocks shares; and VANGUARD GROUP INC, currently with $$67.17 million in FBNC stock with ownership which is approximately 5.152%.
