First Bancorp (FBP) Receives Average Recommendation of "Hold" from Analysts
Fsi Group Llc reported 124,600 shares or 3.04% of all its holdings. The institutional investor held 1.13 million shares of the major banks company at the end of 2017Q3, valued at $5.77M, up from 949,705 at the end of the previous reported quarter. It has underperformed by 75.40% the S&P500.
First Bancorp by far traveled 16.52% versus a 1-year low price of $4.48. (FBP) by 49.93% based on its latest 2017Q3 regulatory filing with the SEC. When we look at the Volatility of the company, Week Volatility is at 1.84% whereas Month Volatility is at 3.21%. The stock increased 3.45% or $0.18 during the last trading session, reaching $5.4. Given that liquidity is king in short-term, BBY is a stock with 285.58 million shares outstanding that normally trades 10.56% of its float. First Internet Bancorp (NASDAQ:INBK) has risen 9.91% since January 13, 2017 and is uptrending. Breaking that down further, it has performed 4.23% for the week, 6.55% for the month, 16.64% over the last quarter, 44.40% for the past half-year and 30.50% for this a year ago. Two equities research analysts have rated the stock with a sell recommendation, one has issued a hold recommendation and four have given a buy recommendation to the company. Therefore 25% are positive. Jefferies maintained it with "Buy" rating and $122 target in Friday, September 30 report. Guggenheim upgraded the stock to "Buy" rating in Monday, July 27 report. As per Friday, May 6, the company rating was downgraded by Citigroup. The company was upgraded on Friday, November 10 by Needham. The rating was maintained by Oppenheimer on Thursday, October 1 with "Perform". The company was maintained on Wednesday, July 13 by Citigroup.
Since August 7, 2017, it had 0 insider purchases, and 2 sales for $7.21 million activity. On Monday, December 11 the insider BERG CHARLES sold $488,016. MERLO LARRY J sold $20.03M worth of stock. Its down 6.78% from 4.13M shares previously.
Investors sentiment increased to 2.49 in 2017 Q3. Its down 0.19, from 1.08 in 2017Q2. Ls Invest Advsr Limited Liability Corp holds 0.01% or 34,869 shares. 106 funds opened positions while 593 raised stakes. The Jcsd Capital Llc holds 177,006 shares with $6.09 million value, down from 197,510 last quarter. Bank & Trust Of Nova Scotia holds 0.01% or 26,470 shares. Alyeska Group L P owns 0.39% invested in RPC, Inc. House Limited Liability Corp has 0.45% invested in CVS Health Corporation (NYSE:CVS). Hsbc Hldg Pcl stated it has 0.01% in DaVita Inc. The Florida-based Raymond James Fincl has invested 0.54% in Pepsico, Inc. 964.87 million shares or 1.00% less from 974.57 million shares in 2017Q2 were reported. Total debt to equity ratio of the company for most recent quarter is 0.11 whereas long term debt to equity ratio for most recent quarter is 0.11. (NYSE:V) for 2,118 shares. The number of shares now owned by investors are 29.52 mln. It helps investors in determining whether buying, selling or holding on to a stock would be beneficial for them. Swiss Natl Bank reported 0% stake. (NYSE:DVA) for 6,180 shares. (NYSE:RES). Pettee reported 0.45% in RPC, Inc. Texas Permanent School Fund invested 0.03% of its portfolio in DaVita Inc.
California State Teachers Retirement accumulated 39,231 shares. New York-based Barrett Asset Mngmt Lc has invested 5.39% in Visa Inc. About 3.42 million shares traded or 192.45% up from the average. It also reduced Sciclone Pharmaceuticals Inc (NASDAQ:SCLN) stake by 58,473 shares and now owns 373,523 shares.
Shares of First Bancorp (NYSE:FBP) now have an Average Brokerage Recommendation of 1.67, number of Recs in ABR is 3 while industry rank of the company by ABR is ut of 265. A month ago, they told us to expect earnings of US$0.53 per share while three months ago their EPS consensus estimate was US$0.52. FBP's profit would be $10.81M giving it 25.55 P/E if the $0.05 EPS is correct. Comparatively, FBP posted earnings of $0.1 per share in the same quarter, a year earlier.
Investors sentiment increased to 2.49 in 2017 Q3. Its down 0.05, from 0.99 in 2017Q2.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. (NYSE:RES). 2.07 million are owned by Victory Capital Management. The Return on Investment (ROI) ratio of First Bancorp (FBP) is 18.3 percent. Principal Grp Inc Inc invested 0.01% in First Bancorp (NYSE:FBP). Axa reported 0% in First Bancorp (NASDAQ:FBNC). Deutsche Commercial Bank Ag owns 288,390 shares or 0% of their United States portfolio.
First Bancorp is the bank holding company for First Bank (the Bank). 59,325 were accumulated by Connor Clark & Lunn Inv Mgmt Ltd.
First Bancorp (NYSE:FBP) shares were trading lower by -0.39 percent ($-0.02) at $5.11 a piece in Monday's session. Creative Planning reported 15,757 shares stake. Rosenbaum Jay D accumulated 17,280 shares. Paloma Ptnrs Mngmt holds 0% or 8,698 shares in its portfolio.
First Bancorp (NASDAQ:FBNC) insider Suzanne S. Deferie sold 12,001 shares of the business's stock in a transaction dated Wednesday, December 27th. Bnp Paribas Arbitrage has invested 0% of its portfolio in First Bancorp (NYSE:FBP). A low number in the 1-2 range typically indicates a Buy, 3 represents a Hold and 4-5 indicates a consensus Sell rating. Therefore 100% are positive. Yandex N.V. had 20 analyst reports since July 31, 2015 according to SRatingsIntel. The firm has "Outperform" rating given on Wednesday, October 7 by RBC Capital Markets. The firm has "Buy" rating given on Wednesday, October 4 by Keefe Bruyette & Woods. Keefe Bruyette & Woods initiated First Internet Bancorp (NASDAQ:INBK) on Tuesday, January 10 with "Outperform" rating. As per Thursday, October 26, the company rating was maintained by Piper Jaffray. The rating was maintained by Keefe Bruyette & Woods with "Buy" on Thursday, July 27. The stock of First Bancorp (NYSE:FBP) has "Neutral" rating given on Wednesday, November 8 by Bank of America.
Since August 7, 2017, it had 0 buys, and 3 sales for $169.65 million activity.