The First Bancorp, Inc. (NASDAQ:FNLC) is First Bancorp Inc ME’s Largest Position

First Bancorp Inc ME raised its holdings in shares of The First Bancorp, Inc. (NASDAQ:FNLC) by 0.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 727,089 shares of the bank’s stock after purchasing an additional 800 shares during the quarter. First Bancorp accounts for approximately 13.6% of First Bancorp Inc ME’s investment portfolio, making the stock its largest holding. First Bancorp Inc ME owned approximately 6.52% of First Bancorp worth $19,886,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Geode Capital Management LLC grew its stake in First Bancorp by 0.7% in the third quarter. Geode Capital Management LLC now owns 225,659 shares of the bank’s stock worth $5,940,000 after purchasing an additional 1,599 shares in the last quarter. State Street Corp raised its position in First Bancorp by 1.0% during the 3rd quarter. State Street Corp now owns 214,144 shares of the bank’s stock valued at $5,636,000 after purchasing an additional 2,156 shares in the last quarter. Foundry Partners LLC grew its position in shares of First Bancorp by 14.9% during the 3rd quarter. Foundry Partners LLC now owns 71,170 shares of the bank’s stock worth $1,873,000 after buying an additional 9,245 shares in the last quarter. Stifel Financial Corp grew its position in shares of First Bancorp by 28.3% during the 3rd 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 bought a new stake in shares of First Bancorp in the second quarter valued at about $848,000. 40.41% of the stock is currently owned by institutional investors.

First Bancorp Stock Down 1.0 %

NASDAQ:FNLC opened at $25.21 on Friday. The First Bancorp, Inc. has a 1-year low of $21.77 and a 1-year high of $31.05. The company has a 50-day moving average of $27.38 and a 200 day moving average of $26.84. The firm has a market cap of $281.09 million, a PE ratio of 10.42 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 (NASDAQ:FNLC) last posted its quarterly earnings results on Wednesday, January 22nd. The bank reported $0.65 EPS for the quarter. First Bancorp had a net margin of 16.37% and a return on equity of 10.90%.

First Bancorp Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, January 16th. Shareholders of record on Monday, January 6th were given a dividend of $0.36 per share. The ex-dividend date of this dividend was Monday, January 6th. This represents a $1.44 annualized dividend and a yield of 5.71%. First Bancorp’s dividend payout ratio (DPR) is presently 59.50%.

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.