First Bancorp Inc ME Grows Position in The First Bancorp, Inc. (NASDAQ:FNLC)

First Bancorp Inc ME increased its position in shares of The First Bancorp, Inc. (NASDAQ:FNLC) by 0.1% in the 4th quarter, HoldingsChannel reports. The fund owned 727,089 shares of the bank’s stock after acquiring an additional 800 shares during the period. First Bancorp makes up about 13.6% of First Bancorp Inc ME’s portfolio, making the stock its largest holding. First Bancorp Inc ME owned about 0.07% of First Bancorp worth $19,886,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Rise Advisors LLC purchased a new stake in shares of First Bancorp during the third quarter worth about $37,000. SG Americas Securities LLC acquired a new stake in First Bancorp in the 3rd quarter worth approximately $104,000. Means Investment CO. Inc. purchased a new stake in First Bancorp during the 3rd quarter worth approximately $226,000. Bath Savings Trust Co acquired a new position in First Bancorp during the 4th quarter valued at approximately $245,000. Finally, Rhumbline Advisers raised its holdings in shares of First Bancorp by 7.7% in the second quarter. Rhumbline Advisers now owns 16,029 shares of the bank’s stock worth $398,000 after buying an additional 1,142 shares during the last quarter. Hedge funds and other institutional investors own 40.41% of the company’s stock.

First Bancorp Trading Down 1.0 %

NASDAQ:FNLC opened at $25.21 on Friday. The company has a market capitalization of $281.09 million, a P/E ratio of 10.42 and a beta of 0.58. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.37. The First Bancorp, Inc. has a 12 month low of $21.77 and a 12 month high of $31.05. The firm has a fifty day simple moving average of $27.38 and a 200-day simple moving average of $26.84.

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

First Bancorp Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, January 16th. Investors of record on Monday, January 6th were given a $0.36 dividend. The ex-dividend date of this dividend was Monday, January 6th. This represents a $1.44 dividend on an annualized basis and a yield of 5.71%. First Bancorp’s dividend payout ratio is currently 59.50%.

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.