First Bancorp/NC (NASDAQ: FBNC) stock enjoyed a major increase of 12.2% on 7/25/24. The shares closed at $44.15. Moreover, exceptionally high trading volume at 465% of normal accompanied the advance. The stock has been weak relative to the market over the last nine months but has risen 13.7% during the last week.
Current PriceTarget Research Rating
FBNC’s future returns on capital are forecasted to exceed 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 C (High Neutral). This rating combines consistent signals from two proprietary PTR measures of a stock’s attractiveness. First Bancorp/NC has a neutral Power Rating of 52 and a slightly positive Appreciation Score of 68, with the High Neutral Value Trend Rating the result.
Rating Review
In light of this very positive price change we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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