TrueMark Investments LLC Acquires Shares of 21,887 First Bancorp, Inc (ME) $FNLC

TrueMark Investments LLC bought a new position in shares of First Bancorp, Inc (ME) (NASDAQ:FNLC) in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 21,887 shares of the bank’s stock, valued at approximately $575,000.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. BNP Paribas Financial Markets lifted its stake in shares of First Bancorp, Inc (ME) by 36.6% during the 2nd quarter. BNP Paribas Financial Markets now owns 1,548 shares of the bank’s stock valued at $39,000 after buying an additional 415 shares in the last quarter. CWM LLC raised its holdings in First Bancorp, Inc (ME) by 226.6% during the 3rd quarter. CWM LLC now owns 1,708 shares of the bank’s stock valued at $45,000 after acquiring an additional 1,185 shares during the period. Tower Research Capital LLC TRC lifted its position in shares of First Bancorp, Inc (ME) by 540.0% during the second quarter. Tower Research Capital LLC TRC now owns 2,528 shares of the bank’s stock worth $64,000 after acquiring an additional 2,133 shares in the last quarter. Strs Ohio purchased a new stake in shares of First Bancorp, Inc (ME) during the first quarter worth $96,000. Finally, Bridgeway Capital Management LLC bought a new position in shares of First Bancorp, Inc (ME) in the second quarter worth $213,000. Institutional investors own 40.41% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a “hold (c+)” rating on shares of First Bancorp, Inc (ME) in a research note on Monday, December 29th. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat, the stock has a consensus rating of “Hold”.

First Bancorp, Inc (ME) Stock Performance

NASDAQ FNLC opened at $26.91 on Friday. The company’s 50 day simple moving average is $26.57 and its two-hundred day simple moving average is $26.14. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.87 and a quick ratio of 0.87. First Bancorp, Inc has a 1 year low of $22.11 and a 1 year high of $28.60. The stock has a market capitalization of $301.90 million, a PE ratio of 8.77 and a beta of 0.59.

First Bancorp, Inc (ME) (NASDAQ:FNLC) last released its quarterly earnings results on Wednesday, January 21st. The bank reported $0.91 EPS for the quarter. First Bancorp, Inc (ME) had a net margin of 19.36% and a return on equity of 12.90%. The firm had revenue of $21.81 million during the quarter.

First Bancorp, Inc (ME) Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, January 16th. Shareholders of record on Tuesday, January 6th were paid a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a yield of 5.5%. The ex-dividend date was Tuesday, January 6th. First Bancorp, Inc (ME)’s dividend payout ratio is currently 48.21%.

First Bancorp, Inc (ME) Profile

First Bancorp, Inc (NASDAQ: FNLC) is a Maine-based bank holding company headquartered in Dover-Foxcroft. Through its principal subsidiary, The First National Bank of Dover-Foxcroft, the company provides a full suite of community banking services to individuals, small businesses and nonprofit organizations. Its core deposit offerings include checking, savings, money market and certificate of deposit accounts, complemented by online and mobile banking platforms.

On the lending side, First Bancorp’s product portfolio spans consumer and residential mortgage loans as well as commercial and agricultural lending.