First Bancorp, Inc (ME) (NASDAQ:FNLC) EVP Sarah Tolman Sells 5,200 Shares

First Bancorp, Inc (ME) (NASDAQ:FNLC) EVP Sarah Tolman sold 5,200 shares of the company’s stock in a transaction on Tuesday, July 28th. The stock was sold at an average price of $35.22, for a total transaction of $183,144.00. Following the transaction, the executive vice president owned 2,191 shares of the company’s stock, valued at approximately $77,167.02. The trade was a 70.36% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link.

First Bancorp, Inc (ME) Stock Up 0.3%

FNLC stock opened at $35.55 on Thursday. The stock has a market capitalization of $401.00 million, a PE ratio of 10.55 and a beta of 0.50. The company has a fifty day moving average of $32.28 and a 200-day moving average of $29.65. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.89 and a current ratio of 0.89. First Bancorp, Inc has a one year low of $24.08 and a one year high of $35.93.

First Bancorp, Inc (ME) (NASDAQ:FNLC) last issued its quarterly earnings results on Wednesday, July 22nd. The bank reported $0.85 earnings per share (EPS) for the quarter. The business had revenue of $25.82 million for the quarter. First Bancorp, Inc (ME) had a net margin of 21.43% and a return on equity of 13.43%.

First Bancorp, Inc (ME) Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 17th. Shareholders of record on Tuesday, July 7th were issued a $0.38 dividend. The ex-dividend date of this dividend was Tuesday, July 7th. This represents a $1.52 dividend on an annualized basis and a yield of 4.3%. This is a boost from First Bancorp, Inc (ME)’s previous quarterly dividend of $0.37. First Bancorp, Inc (ME)’s dividend payout ratio is presently 45.10%.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “buy (b)” rating on shares of First Bancorp, Inc (ME) in a research note on Thursday, June 18th. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy”.

Hedge Funds Weigh In On First Bancorp, Inc (ME)

Institutional investors and hedge funds have recently made changes to their positions in the stock. Russell Investments Group Ltd. increased its holdings in shares of First Bancorp, Inc (ME) by 2,655.9% in the 3rd quarter. Russell Investments Group Ltd. now owns 937 shares of the bank’s stock valued at $25,000 after purchasing an additional 903 shares in the last quarter. BNP Paribas Financial Markets grew its position in First Bancorp, Inc (ME) by 36.6% during the second quarter. BNP Paribas Financial Markets now owns 1,548 shares of the bank’s stock worth $39,000 after buying an additional 415 shares during the period. PNC Financial Services Group Inc. grew its position in First Bancorp, Inc (ME) by 27.7% during the third quarter. PNC Financial Services Group Inc. now owns 2,004 shares of the bank’s stock worth $53,000 after buying an additional 435 shares during the period. Tower Research Capital LLC TRC increased its holdings in First Bancorp, Inc (ME) by 540.0% in the second quarter. Tower Research Capital LLC TRC now owns 2,528 shares of the bank’s stock valued at $64,000 after buying an additional 2,133 shares in the last quarter. Finally, CWM LLC lifted its position in shares of First Bancorp, Inc (ME) by 79.9% during the 4th quarter. CWM LLC now owns 3,073 shares of the bank’s stock valued at $81,000 after acquiring an additional 1,365 shares during the period. 40.41% of the stock is owned by institutional investors and hedge funds.

First Bancorp, Inc (ME) Company 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.