Bath Savings Trust Co Purchases Shares of 8,960 The First Bancorp, Inc. (NASDAQ:FNLC)

Bath Savings Trust Co acquired a new position in The First Bancorp, Inc. (NASDAQ:FNLC) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 8,960 shares of the bank’s stock, valued at approximately $245,000. Bath Savings Trust Co owned 0.08% of First Bancorp as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also made changes to their positions in FNLC. JPMorgan Chase & Co. increased its position in First Bancorp by 285.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 22,354 shares of the bank’s stock worth $588,000 after buying an additional 16,551 shares during the period. Barclays PLC increased its position in First Bancorp by 80.1% during the third quarter. Barclays PLC now owns 23,135 shares of the bank’s stock worth $608,000 after acquiring an additional 10,288 shares during the period. Geode Capital Management LLC increased its position in First Bancorp by 0.7% during the third quarter. Geode Capital Management LLC now owns 225,659 shares of the bank’s stock worth $5,940,000 after acquiring an additional 1,599 shares during the period. State Street Corp raised its stake in First Bancorp by 1.0% during the 3rd quarter. State Street Corp now owns 214,144 shares of the bank’s stock valued at $5,636,000 after purchasing an additional 2,156 shares during the last quarter. Finally, Stifel Financial Corp boosted its holdings in First Bancorp by 28.3% in the 3rd quarter. Stifel Financial Corp now owns 36,604 shares of the bank’s stock valued at $963,000 after purchasing an additional 8,079 shares during the period. Institutional investors and hedge funds own 40.41% of the company’s stock.

First Bancorp Stock Performance

NASDAQ:FNLC opened at $26.08 on Wednesday. The firm’s 50-day moving average is $27.99 and its 200-day moving average is $26.69. The company has a market cap of $290.79 million, a price-to-earnings ratio of 11.00 and a beta of 0.58. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.85 and a current ratio of 0.85. The First Bancorp, Inc. has a 52-week low of $21.77 and a 52-week high of $31.05.

First Bancorp Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, January 16th. Shareholders of record on Monday, January 6th will be issued a $0.36 dividend. The ex-dividend date of this dividend is Monday, January 6th. This represents a $1.44 annualized dividend and a yield of 5.52%. First Bancorp’s dividend payout ratio (DPR) is 60.76%.

About First Bancorp

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.