Based on ratings from 0 stock analysts, the First Bancorp Inc-ME stock price is expected to decrease by 100% in 12 months. This is calculated by using the average 12-month stock price forecast for First Bancorp Inc-ME. The lowest target is $ and the highest is $. Please note analyst price targets are not guaranteed and could be missed completely.
First Bancorp Inc-ME has a total of 0 Wall St Analyst ratings. There are 0 buy ratings, 0 ratings, and 0 sell ratings. Since most analysts have a sell consensus rating, the expectation is that First Bancorp Inc-ME will perform worse than the market. Investors shouldn't rely purely on analyst ratings; we encourage investors to also take a look at the fundamental and technical analysis in their due diligence.
These are the latest 20 analyst ratings of FNLC.
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When did it IPO
1999
Staff Count
271
Country
United States
Sector/Industry
Financial Services/Banks - Regional
CEO
Mr. Tony C. McKim
Market Cap
$318.4M
In 2023, FNLC generated $80.6M in revenue, which was a decrease of -13.32% from the previous year. This can be seen as a signal that FNLC's business is declining, and its share price could be worth less 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 - The First Bancorp reported Q3 2024 net income of $7.6 million ($0.68 EPS) and year-to-date net income of $19.8 million ($1.78 EPS).
Why It Matters - The First Bancorp's strong quarterly earnings growth indicates financial health, potentially boosting investor confidence and impacting stock performance positively.
Summary - The First Bancorp (NASDAQ: FNLC) declared a quarterly cash dividend of 36 cents per share, payable on October 18, 2024, to shareholders of record as of October 8, 2024.
Why It Matters - The declaration of a quarterly cash dividend signals financial stability and profitability for The First Bancorp, potentially attracting income-focused investors and supporting share price.
Summary - The First Bancorp reported Q2 2024 net income of $6.2 million ($0.55 EPS) and year-to-date net income of $12.2 million ($1.10 EPS). Total assets reached $3.0 billion.
Why It Matters - The First Bancorp's strong quarterly earnings and asset growth signal solid financial health, potentially attracting investors seeking stable returns and growth opportunities.
Summary - Universal Corporation announced a 1.25% dividend increase, marking 53 years of consecutive growth. Four companies raised dividends this week, aligning with strategies focused on consistent dividend growth.
Why It Matters - Dividend increases signal financial health and stability, attracting income-focused investors. Universal Corporation's long streak enhances its appeal, aligning with strategies focused on consistent growth.
Summary - The First Bancorp (NASDAQ: FNLC) declared a quarterly cash dividend of 36 cents per share, up from 35 cents, payable on July 19, 2024, to shareholders of record as of July 9, 2024.
Why It Matters - The increase in the quarterly cash dividend signals financial strength and a commitment to returning value to shareholders, potentially attracting more investors and boosting stock performance.
Summary - The First Bancorp reported Q1 2024 net income of $6.0 million ($0.54 EPS), down from $8.0 million ($0.72 EPS) in Q1 2023 and $6.7 million ($0.60 EPS) in Q4 2023.
Why It Matters - Declining net income and earnings per share may signal financial challenges for The First Bancorp, potentially affecting stock valuation and investor confidence.