8,960 Shares in The First Bancorp, Inc. (NASDAQ:FNLC) Acquired by Bath Savings Trust Co

Bath Savings Trust Co purchased a new stake in The First Bancorp, Inc. (NASDAQ:FNLC) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 8,960 shares of the bank’s stock, valued at approximately $245,000.

Several other hedge funds have also recently bought and sold shares of the stock. Rhumbline Advisers grew its holdings in shares of First Bancorp by 7.7% in the 2nd quarter. Rhumbline Advisers now owns 16,029 shares of the bank’s stock worth $398,000 after purchasing an additional 1,142 shares during the last quarter. Rise Advisors LLC acquired a new position in First Bancorp in the third quarter valued at about $37,000. Geode Capital Management LLC grew its stake in First Bancorp by 0.7% during the third quarter. Geode Capital Management LLC now owns 225,659 shares of the bank’s stock worth $5,940,000 after buying an additional 1,599 shares during the last quarter. State Street Corp increased its holdings in shares of First Bancorp by 1.0% during the third quarter. State Street Corp now owns 214,144 shares of the bank’s stock worth $5,636,000 after buying an additional 2,156 shares in the last quarter. Finally, SG Americas Securities LLC bought a new position in shares of First Bancorp in the third quarter valued at approximately $104,000. 40.41% of the stock is currently owned by institutional investors and hedge funds.

First Bancorp Stock Down 1.3 %

Shares of FNLC opened at $26.08 on Wednesday. The business’s 50 day simple moving average is $27.99 and its 200-day simple moving average is $26.69. The First Bancorp, Inc. has a one year low of $21.77 and a one year high of $31.05. The company has a market capitalization of $290.79 million, a P/E ratio of 11.00 and a beta of 0.58. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.85 and a quick ratio of 0.85.

First Bancorp Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 16th. Stockholders of record on Monday, January 6th will be issued a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a dividend yield of 5.52%. The ex-dividend date of this dividend is Monday, January 6th. First Bancorp’s payout ratio is presently 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.