First Bancorp, Inc (ME) (NASDAQ:FNLC) Shares Cross Above Two Hundred Day Moving Average – What’s Next?

First Bancorp, Inc (ME) (NASDAQ:FNLC) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $27.98 and traded as high as $30.95. First Bancorp, Inc (ME) shares last traded at $30.52, with a volume of 20,717 shares changing hands.

First Bancorp, Inc (ME) Stock Up 0.8%

The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.89 and a current ratio of 0.89. The company has a market capitalization of $346.86 million, a price-to-earnings ratio of 9.49 and a beta of 0.52. The stock’s fifty day simple moving average is $29.02 and its two-hundred day simple moving average is $27.99.

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

First Bancorp, Inc (ME) Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 17th. Shareholders of record on Tuesday, April 7th were issued a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a yield of 4.8%. The ex-dividend date was Tuesday, April 7th. First Bancorp, Inc (ME)’s payout ratio is presently 45.68%.

Insider Transactions at First Bancorp, Inc (ME)

In related news, Director Kimberly Swan acquired 1,500 shares of the business’s stock in a transaction on Thursday, April 30th. The shares were purchased at an average price of $28.69 per share, for a total transaction of $43,035.00. Following the acquisition, the director owned 14,470 shares in the company, valued at approximately $415,144.30. This represents a 11.57% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 5.11% of the company’s stock.

Institutional Trading of First Bancorp, Inc (ME)

Several institutional investors and hedge funds have recently bought and sold shares of FNLC. Russell Investments Group Ltd. raised its holdings in First Bancorp, Inc (ME) by 2,655.9% during the 3rd quarter. Russell Investments Group Ltd. now owns 937 shares of the bank’s stock worth $25,000 after buying an additional 903 shares during the period. BNP Paribas Financial Markets raised its holdings in 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 worth $39,000 after buying an additional 415 shares during the period. PNC Financial Services Group Inc. raised its holdings in First Bancorp, Inc (ME) by 27.7% during the 3rd 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 raised its holdings in First Bancorp, Inc (ME) by 540.0% during the 2nd quarter. Tower Research Capital LLC TRC now owns 2,528 shares of the bank’s stock worth $64,000 after buying an additional 2,133 shares during the period. Finally, CWM LLC raised its holdings in First Bancorp, Inc (ME) by 79.9% during the 4th quarter. CWM LLC now owns 3,073 shares of the bank’s stock worth $81,000 after buying an additional 1,365 shares during the period. Institutional investors and hedge funds own 40.41% of the company’s stock.

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.