First Bancorp (NASDAQ:FBNC) Relative Strength Index (RSI) is 46.22, with weekly volatility at 2.49% and ATR at 1.50. The FBNC stock’s 52-week price range has touched low of $19.60 and a $48.83 high. Intraday shares traded counted 0.48 million, which was -388.67% lower than its 30-day average trading volume of 98.49K. Its shares traded higher over the last trading session, gaining 0.12% on 06/03/21. The shares fell to a low of $42.82 before closing at $43.04. FBNC’s previous close was $42.99 while the outstanding shares total 28.36M. The firm has a beta of 1.33, a 12-month trailing P/E ratio of 13.59, and a growth ratio of 1.68.
Investors have identified the Banks – Regional company First Bancorp as an interesting stock but before investments are made there, an in-depth look at its trading activities will have to be conducted. The share is trading with a market value of around $1.22 billion, the company now has both obstacles and catalysts that affect them and they came from their mode of operations. With the company affected by events currently, it is a perfect time to analyze the numbers behind the firm in order to come up with a rather realistic picture of what this stock is.
First Bancorp (FBNC) Fundamentals that are to be considered.
FBNC were able to record 26.2 million as free cash flow during the 07/27/2021 quarter of the year, this saw their quarterly net cash flow reduce by 162.78 million. In cash movements, the company had a total of 30.73 million as operating cash flow.
Potential earnings growth for First Bancorp (FBNC)
In order to determine the future investment potential for this stock, we will have to analyze key trends that affect it. During the 07/27/2021 quarter of the year, First Bancorp recorded a total of 58.01 million in revenue. This figure implies that they witnessed a quarterly year/year change in their earnings with -6.94% coming in sequential stages and their sales for the 07/27/2021 quarter reducing by -2.27%.
What matters though is how it ends. When the core data for the company is broken down, then the stock sounds interesting. The company spent 2.77 million trying to sell their products during the last quarter, with the result yielding a gross income of 55.24 million. This allows shareholders to hold on to 28.36M with the recently reported earning now reading 0.99 cents per share. This is a figure that compared to analyst’s prediction for their 07/27/2021 (0.99 cents a share).
Having a look at the company’s valuation, the company is expected to record 3.21 total earnings per share during the next fiscal year. It is very important though to remember that the importance of trend far outweighs that of outlook. This analysis has been great and getting further updates on FBNC sounds very interesting.
Is the stock of FBNC attractive?
In related news, President, Mayer Michael Goodwin sold 1 shares of the company’s stock in a transaction that recorded on Mar 23. The sale was performed at an average price of 35.74, for a total value of 29. As the sale deal closes, the President, Mayer Michael Goodwin now sold 700 shares of the company’s stock, valued at 33,943. Also, Chief Executive Officer, MOORE RICHARD H sold 8,000 shares of the company’s stock in a deal that was recorded on Feb 11. The shares were price at an average price of 37.53 per share, with a total market value of 300,240. Following this completion of acquisition, the Director, Capel Mary Clara now holds 2,000 shares of the company’s stock, valued at 70,000. In the last 6 months, insiders have changed their ownership in shares of company stock by 1.20%.
3 out of 6 analysts covering the stock have rated it a Buy, while 3 have maintained a Hold recommendation on First Bancorp. 0 analysts has assigned a Sell rating on the FBNC stock. The 12-month mean consensus price target for the company’s shares has been set at $49.00.