For its first fiscal quarter (ending March 31), First Bancorp/NC (NASDAQ: FBNC) has reported E.P.S. of $0.61 compared to $0.37 a year ago. For the latest four quarters through March 31, E.P.S. were $2.78 compared to $3.54 a year ago.
Recent Price Action
First Bancorp/NC (NASDAQ: FBNC) stock increased 1.1% on 4/24/24. The shares closed at $34.50. Moreover, this advance was accompanied by above average trading volume at 120% of normal. The stock has been strong relative to the market over the last nine months and has risen 10.4% during the last week.
Current PriceTarget Research Rating
FBNC’s future returns on capital are forecasted to be above the cost of capital. Accordingly, the company is expected to continue to be a modest Value Builder.
First Bancorp/NC has a current Value Trend Rating of A (Highest Rating). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing highly consistent signals. First Bancorp/NC has a good Appreciation Score of 73 and a good Power Rating of 82, producing the Highest Value Trend Rating.
Rating Review
In light of this new information and positive market action we are reviewing our current Overall Rating of A. This review will be completed in the next several days.
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