The First Bancorp, Inc. (NASDAQ:FNLC) Shares Acquired by Barclays PLC

Barclays PLC increased its holdings in shares of The First Bancorp, Inc. (NASDAQ:FNLC) by 80.1% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 23,135 shares of the bank’s stock after acquiring an additional 10,288 shares during the quarter. Barclays PLC’s holdings in First Bancorp were worth $608,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. State Street Corp raised its holdings in First Bancorp by 1.0% in the 3rd quarter. State Street Corp now owns 214,144 shares of the bank’s stock valued at $5,636,000 after acquiring an additional 2,156 shares during the last quarter. Foundry Partners LLC grew its position in shares of First Bancorp by 14.9% in the third quarter. Foundry Partners LLC now owns 71,170 shares of the bank’s stock valued at $1,873,000 after purchasing an additional 9,245 shares in the last quarter. Bank of New York Mellon Corp increased its holdings in shares of First Bancorp by 9.9% in the second quarter. Bank of New York Mellon Corp now owns 49,663 shares of the bank’s stock valued at $1,234,000 after purchasing an additional 4,477 shares during the last quarter. Stifel Financial Corp lifted its position in First Bancorp by 28.3% during the third quarter. Stifel Financial Corp now owns 36,604 shares of the bank’s stock worth $963,000 after buying an additional 8,079 shares in the last quarter. Finally, Kimelman & Baird LLC acquired a new position in First Bancorp during the second quarter worth $848,000. 40.41% of the stock is currently owned by institutional investors and hedge funds.

First Bancorp Stock Up 1.5 %

Shares of NASDAQ:FNLC opened at $27.35 on Thursday. The First Bancorp, Inc. has a 52-week low of $21.77 and a 52-week high of $31.05. The stock has a market cap of $305.01 million, a P/E ratio of 11.54 and a beta of 0.58. The business has a fifty day moving average of $27.96 and a two-hundred day moving average of $26.59. 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 Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 16th. Investors of record on Monday, January 6th will be given a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a yield of 5.27%. The ex-dividend date is Monday, January 6th. First Bancorp’s payout ratio is currently 60.76%.

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.