Economy

First Bancorp (FBP) A Look at Technical Overview

First Bancorp (FBP) A Look at Technical Overview

First Bancorp (NASDAQ:FBNC) last announced its quarterly earnings results on Thursday, January 26th. T_GS's profit would be $14.52 million giving it 8.64 P/E if the $0.48 EPS is correct. The stock increased 0.57% or $0.99 during the last trading session, reaching $175.28. About 5.98M shares traded. It has outperformed by 22.60% the S&P500. Therefore 50% are positive.

According to Zacks, "First Bancorp is a one-bank holding company". The company has a consensus rating of "Buy" and a consensus target price of $39.50. The stock of First Bancorp (NYSE:FBP) has "Neutral" rating given on Wednesday, November 8 by Bank of America. Keefe, Bruyette & Woods restated a "hold" rating and issued a $17.50 price target on shares of Hope Bancorp in a research note on Tuesday, October 3rd. The stock of First Bancorp (NYSE:FBP) has "Buy" rating given on Friday, October 6 by Piper Jaffray. Citigroup has "Neutral" rating and $7 target. The rating was maintained by Stifel Nicolaus on Monday, August 3 with "Market Perform". The firm has "Buy" rating given on Thursday, December 21 by Citigroup. The company was maintained on Tuesday, October 3 by Keefe Bruyette & Woods.

Equities analysts expect that First Bancorp (NASDAQ:FBNC) will post $64.13 million in sales for the current quarter, Zacks reports. Yearly performance of the stock shows a bearish trend of -25.43% while year-to-date (YTD) performance reflected 2.35% positive outlook. RPC had 72 analyst reports since August 14, 2015 according to SRatingsIntel. As per Friday, December 1, the company rating was maintained by Brean Capital. The rating was maintained by Barclays Capital on Wednesday, January 27 with "Overweight". The company was maintained on Wednesday, July 13 by Citigroup. The stock of RPC, Inc. The firm has "Buy" rating given on Friday, September 11 by Canaccord Genuity. Jefferies maintained RPC, Inc. (NYSE:RES) on Thursday, January 4 with "Hold" rating. (TSE:GS) earned "Hold" rating by Desjardins Securities on Monday, September 21. The company has market cap of $5.47 billion. It has a 20.86 P/E ratio. The Technical Services segment offers pressure pumping, fracturing, acidizing, downhole tools, coiled tubing, snubbing, nitrogen, well control, wireline, and fishing services that are used in the completion, production, and maintenance of gas and oil wells. They expect $0.05 EPS, down 54.55% or $0.06 from last year's $0.11 per share. Its up 0.86, from 1.63 in 2017Q2. Also, Director Steven Koh sold 47,833 shares of the company's stock in a transaction on Wednesday, November 29th. 142 funds opened positions while 524 raised stakes. Financial Bank Of America Corp De holds 0% or 321,099 shares in its portfolio. The Minnesota-based Perkins Capital Management Inc has invested 0.87% in the stock. Legal & General Group Plc boosted its stake in First Bancorp by 23.1% during the second quarter. The company was maintained on Wednesday, March 2 by Bernstein. Rock Point Advisors Llc bought 176,320 shares as the company's stock declined 17.25% while stock markets rallied. 159.24 million shares or 1.31% more from 157.19 million shares in 2017Q2 were reported. BidaskClub downgraded shares of First Bancorp from a "buy" rating to a "hold" rating in a research report on Thursday, December 21st. Over the previous 4 weeks, shares have seen a change of 2.28%. Lucas Capital Mngmt holds 41,098 shares. Loomis Sayles & Communication L P owns 933,525 shares. 964.87 million shares or 1.00% less from 974.57 million shares in 2017Q2 were reported. Smith Salley And Assocs invested in 1.34% or 66,348 shares. Northern Corp accumulated 0% or 2.15 million shares. (NYSE:DVA). Howe & Rusling has invested 0% in DaVita Inc.

First BanCorp. operates as the bank holding firm for FirstBank Puerto Rico that provides a range of financial services and products to retail, commercial, and institutional clients. Lee Thomas H Partners Lp who had been investing in First Bancorp. for a number of months, seems to be less bullish one the $1.12 billion market cap company. It has a 20.56 P/E ratio. The Community Banking segment accepts time and demand deposits; and originates commercial and consumer loans.

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The broker has just set a target price of $41.0 on First Bancorp (NASDAQ:FBNC) shares. Pinebridge Investments L.P. now owns 84,660 shares of the financial services provider's stock worth $1,580,000 after acquiring an additional 2,586 shares during the period. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.05 and a quick ratio of 1.05. It increased, as 5 investors sold S&T Bancorp, Inc. shares while 32 reduced holdings. Bresler Joshua D sold 10.00 million shares worth $56.55M. Credit Suisse Ag has invested 0% in First Bancorp (NYSE:FBP). 94,172 were reported by Arizona State Retirement Systems. Moreover, Virginia Retirement Systems Et Al has 0% invested in First Bancorp (NYSE:FBP). The institutional investor held 10.03M shares of the major banks company at the end of 2017Q3, valued at $51.35M, down from 20.03M at the end of the previous reported quarter. (NYSE:V). Wafra Invest Advisory Group New York has invested 0.07% of its portfolio in Visa Inc. 12,718 are owned by Hsbc Hldgs Plc. Fmr Llc invested in 7.92 million shares or 0% of the stock. Forest Hill Capital Lc invested 1.93% of its portfolio in First Bancorp (NASDAQ:FBNC). Weatherly Asset Mngmt LP holds 5.72% of its portfolio in Apple Inc. Louisiana State Employees Retirement holds 0.02% or 73,500 shares in its portfolio. Prelude accumulated 0% or 9,600 shares.

Calamos Wealth Management Llc decreased Apple Inc (AAPL) stake by 15.66% reported in 2017Q3 SEC filing. Two Sigma Securities Ltd Llc owns 11,411 shares.

The stock increased 3.07% or $0.16 during the last trading session, reaching $5.38. However the company's price to cash per share for most recent quarter stands at 3.65. It has outperformed by 3.59% the S&P500.


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