SG Americas Securities LLC Invests $104,000 in The First Bancorp, Inc. (NASDAQ:FNLC)

SG Americas Securities LLC bought a new stake in shares of The First Bancorp, Inc. (NASDAQ:FNLC) in the third quarter, Holdings Channel reports. The institutional investor bought 3,963 shares of the bank’s stock, valued at approximately $104,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. WASHINGTON TRUST Co purchased a new stake in First Bancorp during the second quarter valued at $25,000. BNP Paribas Financial Markets raised its position in shares of First Bancorp by 89.7% during the 1st quarter. BNP Paribas Financial Markets now owns 4,905 shares of the bank’s stock valued at $121,000 after buying an additional 2,319 shares in the last quarter. Quadrature Capital Ltd bought a new position in shares of First Bancorp in the 1st quarter valued at about $214,000. Bright Financial Advisors Inc. bought a new position in shares of First Bancorp in the 1st quarter valued at about $241,000. Finally, Rhumbline Advisers grew its position in First Bancorp by 7.7% in the second quarter. Rhumbline Advisers now owns 16,029 shares of the bank’s stock worth $398,000 after acquiring an additional 1,142 shares in the last quarter. 40.41% of the stock is owned by hedge funds and other institutional investors.

First Bancorp Trading Down 3.3 %

Shares of NASDAQ FNLC opened at $25.86 on Monday. The First Bancorp, Inc. has a 1-year low of $21.77 and a 1-year high of $29.75. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.84 and a quick ratio of 0.84. The business’s 50 day moving average is $26.45 and its two-hundred day moving average is $24.99. The stock has a market capitalization of $288.08 million, a P/E ratio of 10.96 and a beta of 0.56.

First Bancorp Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, October 18th. Stockholders of record on Tuesday, October 8th were given a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a dividend yield of 5.57%. The ex-dividend date was Tuesday, October 8th. First Bancorp’s dividend payout ratio is currently 61.02%.

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.