First Bancorp, Inc (ME) (NASDAQ:FNLC) Share Price Passes Above Two Hundred Day Moving Average – Here’s What Happened

First Bancorp, Inc (ME) (NASDAQ:FNLC) shares crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $27.77 and traded as high as $28.84. First Bancorp, Inc (ME) shares last traded at $28.57, with a volume of 26,996 shares trading hands.

First Bancorp, Inc (ME) Trading Up 1.6%

The stock has a market cap of $336.26 million, a price-to-earnings ratio of 9.20 and a beta of 0.52. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 0.33. The business has a 50-day moving average of $28.79 and a 200-day moving average of $27.81.

First Bancorp, Inc (ME) (NASDAQ:FNLC) last released its quarterly earnings data on Wednesday, April 22nd. The bank reported $0.80 earnings per share (EPS) for the quarter. The firm had revenue of $25.87 million during the quarter. First Bancorp, Inc (ME) had a return on equity of 13.09% and a net margin of 20.34%.

First Bancorp, Inc (ME) Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 17th. Investors of record on Tuesday, April 7th were given a dividend of $0.37 per share. The ex-dividend date of this dividend was Tuesday, April 7th. This represents a $1.48 dividend on an annualized basis and a yield of 5.0%. First Bancorp, Inc (ME)’s dividend payout ratio (DPR) is presently 45.68%.

Insider Transactions at First Bancorp, Inc (ME)

In other news, Director Kimberly Swan acquired 1,500 shares of First Bancorp, Inc (ME) stock in a transaction that occurred on Thursday, April 30th. The stock was purchased at an average price of $28.69 per share, with a total value of $43,035.00. Following the completion of the transaction, the director owned 14,470 shares in the company, valued at approximately $415,144.30. This trade represents a 11.57% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders own 5.11% of the company’s stock.

Institutional Trading of First Bancorp, Inc (ME)

A number of institutional investors have recently bought and sold shares of FNLC. Russell Investments Group Ltd. lifted its position in shares of First Bancorp, Inc (ME) by 40.9% in the fourth quarter. Russell Investments Group Ltd. now owns 1,320 shares of the bank’s stock worth $35,000 after buying an additional 383 shares during the last quarter. BNP Paribas Financial Markets lifted its position in shares of First Bancorp, Inc (ME) by 36.6% in 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 last quarter. PNC Financial Services Group Inc. lifted its position in shares of First Bancorp, Inc (ME) by 27.7% in 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 last quarter. Empowered Funds LLC lifted its position in shares of First Bancorp, Inc (ME) by 7.0% in the first quarter. Empowered Funds LLC now owns 9,354 shares of the bank’s stock worth $262,000 after buying an additional 608 shares during the last quarter. Finally, Rhumbline Advisers lifted its position in shares of First Bancorp, Inc (ME) by 3.9% in the second quarter. Rhumbline Advisers now owns 16,666 shares of the bank’s stock worth $423,000 after buying an additional 632 shares during the last quarter. Institutional investors and hedge funds own 40.41% of the company’s stock.

About First Bancorp, Inc (ME)

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.