The First Bancorp, Inc. (NASDAQ:FNLC) Shares Sold by Fmr LLC

Fmr LLC decreased its stake in shares of The First Bancorp, Inc. (NASDAQ:FNLC) by 12.1% during the 3rd quarter, Holdings Channel.com reports. The firm owned 197,523 shares of the bank’s stock after selling 27,211 shares during the period. Fmr LLC’s holdings in First Bancorp were worth $5,199,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of FNLC. Kimelman & Baird LLC acquired a new position in shares of First Bancorp during the second quarter worth about $848,000. Foundry Partners LLC lifted its stake in First Bancorp by 14.9% in the third quarter. Foundry Partners LLC now owns 71,170 shares of the bank’s stock worth $1,873,000 after acquiring an additional 9,245 shares during the last quarter. Means Investment CO. Inc. acquired a new position in First Bancorp during the 3rd quarter worth approximately $226,000. First Bancorp Inc ME increased its position in shares of First Bancorp by 0.8% in the 2nd quarter. First Bancorp Inc ME now owns 732,959 shares of the bank’s stock valued at $18,214,000 after purchasing an additional 5,755 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its position in shares of First Bancorp by 9.9% in the 2nd quarter. Bank of New York Mellon Corp now owns 49,663 shares of the bank’s stock valued at $1,234,000 after purchasing an additional 4,477 shares during the last quarter. Institutional investors and hedge funds own 40.41% of the company’s stock.

First Bancorp Price Performance

First Bancorp stock opened at $28.30 on Friday. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.37. The company has a fifty day simple moving average of $27.67 and a 200-day simple moving average of $26.20. The stock has a market cap of $315.60 million, a P/E ratio of 11.94 and a beta of 0.58. The First Bancorp, Inc. has a 12-month low of $21.77 and a 12-month high of $31.05.

First Bancorp Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, October 18th. Shareholders of record on Tuesday, October 8th were issued a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a yield of 5.09%. The ex-dividend date of this dividend was Tuesday, October 8th. First Bancorp’s dividend payout ratio (DPR) is 60.76%.

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.