First Bancorp, Inc (ME) (FNLC) to Issue Quarterly Dividend of $0.38 on July 17th

First Bancorp, Inc (ME) (NASDAQ:FNLCGet Free Report) declared a quarterly dividend on Thursday, June 25th. Shareholders of record on Tuesday, July 7th will be paid a dividend of 0.38 per share by the bank on Friday, July 17th. This represents a c) dividend on an annualized basis and a dividend yield of 4.3%. The ex-dividend date is Tuesday, July 7th. This is a 2.7% increase from First Bancorp, Inc (ME)’s previous quarterly dividend of $0.37.

First Bancorp, Inc (ME) has increased its dividend payment by an average of 0.0%per year over the last three years and has raised its dividend every year for the last 6 years.

First Bancorp, Inc (ME) Price Performance

Shares of NASDAQ FNLC opened at $35.04 on Friday. The stock has a market capitalization of $395.25 million, a PE ratio of 10.81 and a beta of 0.50. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 0.33. The firm has a fifty day moving average of $30.26 and a 200-day moving average of $28.73. First Bancorp, Inc has a 52-week low of $24.08 and a 52-week high of $35.93.

First Bancorp, Inc (ME) (NASDAQ:FNLCGet Free Report) last issued its earnings results on Wednesday, April 22nd. The bank reported $0.80 earnings per share for the quarter. First Bancorp, Inc (ME) had a return on equity of 13.09% and a net margin of 20.34%.The business had revenue of $25.87 million for the quarter.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a “buy (b)” rating on shares of First Bancorp, Inc (ME) in a research note on Thursday, June 18th. One analyst has rated the stock with a Buy rating, According to MarketBeat.com, the stock presently has a consensus rating of “Buy”.

View Our Latest Analysis on FNLC

First Bancorp, Inc (ME) Company Profile

(Get Free Report)

First Bancorp, Inc (NASDAQ: FNLC) is a Maine-based bank holding company headquartered in Dover-Foxcroft. Through its principal subsidiary, The First National Bank of Dover-Foxcroft, the company provides a full suite of community banking services to individuals, small businesses and nonprofit organizations. Its core deposit offerings include checking, savings, money market and certificate of deposit accounts, complemented by online and mobile banking platforms.

On the lending side, First Bancorp’s product portfolio spans consumer and residential mortgage loans as well as commercial and agricultural lending.

Further Reading

Dividend History for First Bancorp, Inc (ME) (NASDAQ:FNLC)

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