Hantz Financial Services Inc. Has $1.41 Million Holdings in First Bancorp (NASDAQ:FBNC)

Hantz Financial Services Inc. grew its holdings in shares of First Bancorp (NASDAQ:FBNCFree Report) by 23.1% during the third quarter, HoldingsChannel.com reports. The firm owned 33,818 shares of the financial services provider’s stock after acquiring an additional 6,347 shares during the quarter. Hantz Financial Services Inc.’s holdings in First Bancorp were worth $1,406,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Vanguard Group Inc. boosted its position in shares of First Bancorp by 0.4% during the 1st quarter. Vanguard Group Inc. now owns 2,799,602 shares of the financial services provider’s stock worth $101,122,000 after acquiring an additional 10,414 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in shares of First Bancorp by 6.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,104,258 shares of the financial services provider’s stock worth $67,166,000 after acquiring an additional 136,002 shares in the last quarter. William Blair Investment Management LLC boosted its position in shares of First Bancorp by 18.4% during the 2nd quarter. William Blair Investment Management LLC now owns 802,490 shares of the financial services provider’s stock worth $25,615,000 after acquiring an additional 124,992 shares in the last quarter. Victory Capital Management Inc. boosted its position in shares of First Bancorp by 0.8% during the 3rd quarter. Victory Capital Management Inc. now owns 600,609 shares of the financial services provider’s stock worth $24,979,000 after acquiring an additional 4,656 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its position in shares of First Bancorp by 3.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 493,847 shares of the financial services provider’s stock worth $20,539,000 after acquiring an additional 14,737 shares in the last quarter. Institutional investors and hedge funds own 68.36% of the company’s stock.

Insiders Place Their Bets

In other First Bancorp news, Director Suzanne S. Deferie sold 2,036 shares of First Bancorp stock in a transaction dated Monday, September 23rd. The stock was sold at an average price of $43.77, for a total transaction of $89,115.72. Following the transaction, the director now directly owns 65,618 shares of the company’s stock, valued at approximately $2,872,099.86. The trade was a 3.01 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 3.65% of the company’s stock.

First Bancorp Trading Down 1.2 %

NASDAQ FBNC opened at $47.30 on Monday. The company has a market cap of $1.96 billion, a price-to-earnings ratio of 19.07 and a beta of 1.02. First Bancorp has a twelve month low of $29.53 and a twelve month high of $50.34. The company has a quick ratio of 0.82, a current ratio of 0.83 and a debt-to-equity ratio of 0.06. The business’s fifty day moving average is $43.75 and its 200 day moving average is $39.05.

First Bancorp (NASDAQ:FBNCGet Free Report) last announced its quarterly earnings results on Wednesday, October 23rd. The financial services provider reported $0.70 EPS for the quarter, meeting analysts’ consensus estimates of $0.70. First Bancorp had a return on equity of 8.00% and a net margin of 17.98%. The firm had revenue of $144.99 million for the quarter, compared to analyst estimates of $97.00 million. As a group, sell-side analysts expect that First Bancorp will post 2.72 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, StockNews.com lowered shares of First Bancorp from a “hold” rating to a “sell” rating in a research report on Thursday, October 24th.

View Our Latest Stock Analysis on FBNC

About First Bancorp

(Free Report)

First Bancorp operates as the bank holding company for First Bank that provides banking products and services for individuals and small to medium-sized businesses. The company accepts deposit products, such as checking, savings, and money market accounts, as well as time deposits, including certificate of deposits and individual retirement accounts.

Further Reading

Want to see what other hedge funds are holding FBNC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for First Bancorp (NASDAQ:FBNCFree Report).

Institutional Ownership by Quarter for First Bancorp (NASDAQ:FBNC)

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