The First Bancorp, Inc. (NASDAQ:FNLC) Short Interest Update

The First Bancorp, Inc. (NASDAQ:FNLC) was the recipient of a large growth in short interest in the month of February. As of February 28th, there was short interest totalling 33,000 shares, a growth of 17.9% from the February 13th total of 28,000 shares. Based on an average trading volume of 22,900 shares, the days-to-cover ratio is presently 1.4 days. Currently, 0.3% of the company’s stock are sold short.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the business. SG Americas Securities LLC increased its position in shares of First Bancorp by 11.6% during the fourth quarter. SG Americas Securities LLC now owns 4,421 shares of the bank’s stock valued at $121,000 after purchasing an additional 458 shares during the period. Wells Fargo & Company MN increased its position in shares of First Bancorp by 22.0% during the fourth quarter. Wells Fargo & Company MN now owns 7,604 shares of the bank’s stock valued at $208,000 after purchasing an additional 1,369 shares during the period. Dimensional Fund Advisors LP increased its position in shares of First Bancorp by 0.3% during the fourth quarter. Dimensional Fund Advisors LP now owns 473,481 shares of the bank’s stock valued at $12,949,000 after purchasing an additional 1,525 shares during the period. Geode Capital Management LLC increased its position in shares of First Bancorp by 0.7% during the third quarter. Geode Capital Management LLC now owns 225,659 shares of the bank’s stock valued at $5,940,000 after purchasing an additional 1,599 shares during the period. Finally, Rhumbline Advisers increased its position in shares of First Bancorp by 12.1% during the fourth quarter. Rhumbline Advisers now owns 17,003 shares of the bank’s stock valued at $465,000 after purchasing an additional 1,831 shares during the period. 40.41% of the stock is owned by institutional investors.

First Bancorp Stock Down 0.5 %

Shares of First Bancorp stock opened at $24.95 on Friday. The firm has a market cap of $279.34 million, a price-to-earnings ratio of 10.31 and a beta of 0.53. 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 has a 52-week low of $21.77 and a 52-week high of $31.05. The stock has a 50-day simple moving average of $25.60 and a 200-day simple moving average of $26.66.

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

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.