BNP Paribas Arbitrage SA grew its stake in shares of First Bancorp Inc (NASDAQ:FNLC) by 28.6% during the 1st quarter, Holdings Channel.com reports. The firm owned 3,184 shares of the bank’s stock after buying an additional 708 shares during the quarter. BNP Paribas Arbitrage SA’s holdings in First Bancorp were worth $70,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also bought and sold shares of the company. Citigroup Inc. grew its position in shares of First Bancorp by 36.9% during the 1st quarter. Citigroup Inc. now owns 3,511 shares of the bank’s stock valued at $77,000 after acquiring an additional 946 shares during the period. JPMorgan Chase & Co. boosted its stake in shares of First Bancorp by 30.9% during the 1st quarter. JPMorgan Chase & Co. now owns 18,202 shares of the bank’s stock valued at $400,000 after purchasing an additional 4,294 shares in the last quarter. Rhumbline Advisers boosted its stake in shares of First Bancorp by 43.4% during the 1st quarter. Rhumbline Advisers now owns 23,469 shares of the bank’s stock valued at $516,000 after purchasing an additional 7,100 shares in the last quarter. Nuveen Asset Management LLC boosted its stake in shares of First Bancorp by 9.1% during the 4th quarter. Nuveen Asset Management LLC now owns 37,845 shares of the bank’s stock valued at $1,144,000 after purchasing an additional 3,165 shares in the last quarter. Finally, Geode Capital Management LLC boosted its stake in shares of First Bancorp by 1.0% during the 4th quarter. Geode Capital Management LLC now owns 115,374 shares of the bank’s stock valued at $3,487,000 after purchasing an additional 1,087 shares in the last quarter. Institutional investors own 33.60% of the company’s stock.
In other First Bancorp news, CEO Tony C. Mckim bought 2,000 shares of the stock in a transaction on Wednesday, May 20th. The shares were bought at an average price of $20.10 per share, with a total value of $40,200.00. Also, EVP Steven Parady bought 3,000 shares of the stock in a transaction on Wednesday, May 13th. The shares were acquired at an average cost of $18.98 per share, for a total transaction of $56,940.00. Following the purchase, the executive vice president now owns 52,673 shares in the company, valued at $999,733.54. The disclosure for this purchase can be found here. Insiders purchased a total of 6,500 shares of company stock worth $125,880 in the last three months. 8.29% of the stock is owned by corporate insiders.
First Bancorp (NASDAQ:FNLC) last posted its quarterly earnings results on Wednesday, April 22nd. The bank reported $0.60 earnings per share (EPS) for the quarter. First Bancorp had a net margin of 27.13% and a return on equity of 12.30%. The company had revenue of $19.14 million during the quarter.
The business also recently declared a quarterly dividend, which will be paid on Monday, July 20th. Investors of record on Tuesday, July 7th will be paid a $0.31 dividend. The ex-dividend date of this dividend is Monday, July 6th. This represents a $1.24 dividend on an annualized basis and a yield of 5.91%. This is a boost from First Bancorp’s previous quarterly dividend of $0.30.
Separately, ValuEngine raised shares of First Bancorp from a “sell” rating to a “hold” rating in a report on Friday, March 13th.
About First Bancorp
The First Bancorp, Inc operates as the holding company for First National Bank that provides a range of banking products and services to individual and corporate customers. The company offers various deposit products, including demand, NOW, savings, money market, and certificates of deposit accounts.
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