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First Bancorp (NASDAQ:FBNC) has been upgraded to Hold in a statement by Zacks Investment Research earlier today.

Zacks Investment Research has upgraded First Bancorp (NASDAQ:FBNC) to Hold in a statement released on 10/10/2016.

Having a price of $20.29, First Bancorp (NASDAQ:FBNC) traded 0.50% higher on the day. With the last stock price up 5.40% from the two hundred day average, compared with the Standard & Poor's 500 Index which has decreased -0.01% over the same period. FBNC has recorded a 50-day average of $19.84 and a two hundred day average of $19.25. Trade Volume was down over the average, with 27,514 shares of FBNC changing hands under the typical 40,386

Recent Performance Chart

First Bancorp (NASDAQ:FBNC)

First Bancorp has PE ratio of 14.79 with a one year low of $17.15 and a one year high of $21.94 and has a market capitalization of $0.

A total of 3 brokerages have issued a ratings update on First Bancorp. One brokerage rating the company a strong buy, two brokerages rating the company a buy, one brokerage rating the company a hold, zero brokerages rating the company a underperform, and finally zero brokerages rating the company a sell with a 12-month price target of $21.33.

General Company Details For First Bancorp (NASDAQ:FBNC)

First Bancorp is the bank holding company for First Bank (the Bank). The Company's principal activity is the ownership and operation of First Bank. The Company engages in a range of banking activities, including the acceptance of deposits and the making of loans. The Company offers credit cards, debit cards, letters of credit, safe deposit box rentals and electronic funds transfer services, including wire transfers. In addition, the Company offers Internet banking, mobile banking, cash management and bank-by-phone capabilities to its customers. The Company also offers a mobile check deposit feature for its mobile banking customers that allows them to deposit checks through their smartphone. The Company offers remote deposit capture for its business customers. The Company conducts business from approximately 90 branches. The Bank's subsidiaries include First Bank Insurance Services, Inc. (First Bank Insurance) and First Troy SPE, LLC.

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