The First Bancorp-Southern Pines NC (FBNC) share price is expected to increase by 7.4% over the next year. This is based on calculating the average 12-month share price estimate provided by 3 stock analysts who have covered FBNC. Price targets range from $47.25 at the low end to $56 at the high end. The current analyst consensus for FBNC is a buy. Please note analyst price targets are not guaranteed and could be missed completely.
About 3 Wall Street analysts have assignedFBNC 2 buy ratings, 1 hold ratings, and 0 sell ratings. This means that analysts expect First Bancorp-Southern Pines NC to buy. Keep in mind that these ratings are typically refreshed every quarter, underscoring the importance of conducting your own research on FBNC. Don't forget to include both technical and fundamental analysis, as well as staying informed on news that could influence these ratings, in your due diligence.
These are the latest 20 analyst ratings of FBNC.
Analyst/Firm |
Rating |
Price Target |
Change |
Date |
---|---|---|---|---|
Wood Lay Keefe, Bruyette & Woods | Outperform | $56 | Maintains | Dec 4, 2024 |
Wood Lay Keefe, Bruyette & Woods | Outperform | $45 | Maintains | Jul 25, 2024 |
Stephen Scouten Piper Sandler | Overweight | $32 | Maintains | Oct 26, 2023 |
Kevin Fitzsimmons DA Davidson | Buy | $34 | Upgrade | Sep 14, 2023 |
Raymond James | Market Perform | Downgrade | Jul 31, 2023 | |
Keefe, Bruyette & Woods | Outperform | Maintains | Jul 27, 2023 | |
Daniel Tamayo Raymond James | Outperform | $36 | Maintains | May 1, 2023 |
Stephen Scouten Piper Sandler | Overweight | $39 | Maintains | Apr 27, 2023 |
Brady Gailey Keefe, Bruyette & Woods | Outperform | $42 | Maintains | Apr 27, 2023 |
Daniel Tamayo Raymond James | Outperform | $43 | Maintains | Apr 6, 2023 |
Daniel Tamayo Raymond James | Market Outperform | $45 | Maintains | Jan 30, 2023 |
Stephen Scouten Piper Sandler | Overweight | $45 | Maintains | Jan 26, 2023 |
Daniel Tamayo Raymond James | Outperform | $49 | Maintains | Oct 31, 2022 |
David Long Raymond James | Outperform | $41 | Maintains | Oct 6, 2022 |
Stephen Scouten Piper Sandler | Overweight | $47 | Upgrade | Aug 18, 2022 |
Kevin Fitzsimmons DA Davidson | Neutral | $42 | Downgrade | Aug 1, 2022 |
Daniel Tamayo Raymond James | Outperform | $43 | Maintains | Aug 1, 2022 |
Daniel Tamayo Raymond James | Outperform | $40 | Maintains | Jun 23, 2022 |
Daniel Tamayo Raymond James | Outperform | $44 | Maintains | May 2, 2022 |
Raymond James | Outperform | Initiates | Feb 28, 2022 |
When did it IPO
1992
Staff Count
1,396
Country
United States
Sector/Industry
Financial Services/Banks - Regional
CEO
Mr. Richard Hancock Moore
Market Cap
$1.99B
In 2023, FBNC generated $404.3M in revenue, which was a increase of 2.82% from the previous year. This can be seen as a signal that FBNC's business is growing, and its share price could be worth more in the future. However, if the company grows faster (or slower) than expected, this could also have a major impact on the future share price.
Revenue From 2020
Revenue From 2021
Revenue From 2022
Revenue From 2023
Summary - First Bancorp (FBNC) has received a Zacks Rank #1 (Strong Buy) upgrade, indicating increased optimism about its earnings prospects, which may lead to potential stock price growth.
Why It Matters - First Bancorp's upgrade to a Strong Buy indicates strong earnings potential, likely boosting investor confidence and driving the stock price up in the short term.
Summary - First Bancorp (NASDAQ: FBNC) announced its third quarter earnings on October 23, 2024. Further details on performance are expected in the full report.
Why It Matters - First Bancorp's Q3 earnings report can impact its stock price, indicating financial health and growth potential. Investors will analyze the results for insights into profitability and future performance.
Summary - First Bancorp (FBNC) reported Q3 earnings of $0.70 per share, surpassing the Zacks estimate of $0.69 but down from $0.73 per share in the same quarter last year.
Why It Matters - FBNC's earnings beat estimates, indicating strong performance despite a year-over-year decline, which may impact stock valuation and investor sentiment positively.
Summary - FHLBank Atlanta has elected directors for North Carolina, Virginia, an independent directorship, and a public interest directorship. Terms start January 1, 2025, and last four years.
Why It Matters - The election results for the FHLBank Atlanta can influence regional financial stability and banking policies, impacting investment strategies and market confidence in the area.
Summary - First Bancorp (FBNC) is expected to report earnings that may exceed forecasts, driven by favorable key indicators. Investors should stay informed ahead of the earnings release.
Why It Matters - First Bancorp's anticipated earnings beat signals potential stock price appreciation, impacting investor returns and market confidence in the company's financial health.
Summary - First BanCorp.'s 2024 earnings estimate is raised due to effective expense control. Expected mid-single-digit loan growth could drive earnings, with a target price indicating 7.9% upside and a 3.2% dividend yield.
Why It Matters - First BanCorp's improved expense control and raised earnings estimates indicate strong financial health, with projected loan growth and a 7.9% upside, alongside a 3.2% dividend yield, enhancing its attractiveness.