First Bancorp Inc ME grew its position in shares of The First Bancorp, Inc. (NASDAQ:FNLC – Free Report) by 0.1% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 727,204 shares of the bank’s stock after buying an additional 500 shares during the period. First Bancorp accounts for 13.6% of First Bancorp Inc ME’s investment portfolio, making the stock its largest position. First Bancorp Inc ME owned about 6.53% of First Bancorp worth $17,918,000 at the end of the most recent reporting period.
Separately, FMR LLC lifted its holdings in 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 purchasing an additional 5,748 shares in the last quarter. 40.41% of the stock is currently owned by hedge funds and other institutional investors.
Insiders Place Their Bets
In other news, Director Kimberly Swan acquired 1,275 shares of First Bancorp stock in a transaction dated Thursday, April 18th. The shares were purchased at an average cost of $22.31 per share, for a total transaction of $28,445.25. Following the transaction, the director now owns 9,837 shares of the company’s stock, valued at $219,463.47. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 6.01% of the company’s stock.
First Bancorp Price Performance
First Bancorp (NASDAQ:FNLC – Get Free Report) last announced its earnings results on Wednesday, April 17th. The bank reported $0.54 earnings per share for the quarter. The business had revenue of $18.52 million for the quarter. First Bancorp had a return on equity of 11.68% and a net margin of 18.41%.
First Bancorp Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Friday, April 19th. Shareholders of record on Tuesday, April 9th were paid a $0.35 dividend. The ex-dividend date of this dividend was Monday, April 8th. This represents a $1.40 dividend on an annualized basis and a yield of 5.90%. First Bancorp’s dividend payout ratio is currently 56.45%.
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.
Recommended Stories
- Five stocks we like better than First Bancorp
- 3 Must-Buy Warren Buffett Stocks for Volatile Times
- Stock Impact: McDonald’s Price War with Starbucks, Wendy’s
- Utilities Stocks Explained – How and Why to Invest in Utilities
- General Mills Q4 Sales Miss Expectations, Triggering Stock Drop
- How to invest in blue chip stocks
- Enovix Stock Rises 35% in Short-Squeeze: This Rally Has Legs
Receive News & Ratings for First Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for First Bancorp and related companies with MarketBeat.com's FREE daily email newsletter.