Connor Clark & Lunn Investment Management Ltd. Invests $330,000 in The First Bancorp, Inc. (NASDAQ:FNLC)

Connor Clark & Lunn Investment Management Ltd. acquired a new stake in The First Bancorp, Inc. (NASDAQ:FNLC) in the fourth quarter, Holdings Channel reports. The firm acquired 12,073 shares of the bank’s stock, valued at approximately $330,000.

Other large investors have also bought and sold shares of the company. SG Americas Securities LLC increased its stake in shares of First Bancorp by 11.6% in the fourth quarter. SG Americas Securities LLC now owns 4,421 shares of the bank’s stock valued at $121,000 after buying an additional 458 shares during the period. Bath Savings Trust Co bought a new stake in First Bancorp in the fourth quarter valued at approximately $245,000. SeaBridge Investment Advisors LLC acquired a new stake in First Bancorp during the 4th quarter valued at approximately $341,000. Proficio Capital Partners LLC bought a new position in First Bancorp during the 4th quarter worth approximately $386,000. Finally, Rhumbline Advisers lifted its position in shares of First Bancorp by 12.1% in the 4th quarter. Rhumbline Advisers now owns 17,003 shares of the bank’s stock worth $465,000 after purchasing an additional 1,831 shares during the period. 40.41% of the stock is owned by institutional investors.

First Bancorp Trading Up 0.5 %

FNLC opened at $25.08 on Monday. The First Bancorp, Inc. has a twelve month low of $21.77 and a twelve month high of $31.05. The company has a fifty day moving average of $25.60 and a 200-day moving average of $26.63. The stock has a market cap of $280.80 million, a PE ratio of 10.36 and a beta of 0.53. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.37.

First Bancorp (NASDAQ:FNLC) last issued its quarterly earnings results on Wednesday, January 22nd. The bank reported $0.65 earnings per share for the quarter. First Bancorp had a return on equity of 10.90% and a net margin of 16.37%.

First Bancorp 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.