First Bancorp/NC (NASDAQ: FBNC) has reported earnings for its third fiscal quarter (ending September 30) of $0.45 versus $0.73 for the same period a year ago. For the latest four quarters through September 30, E.P.S. were $2.48 versus $2.90 for the same period a year ago.
Recent Price Action
First Bancorp/NC (NASDAQ: FBNC) stock rose slightly by 0.2% on 10/23/24. The stock closed at $42.39. However, this advance was accompanied by unusually low trading volume at 61% of normal. The stock has declined -3.3% during the last week but has been exceptionally strong relative to the market over the last nine months.
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 A (Highest Rating). This rating combines complementary signals from two proprietary PTR measures of a stock’s attractiveness. First Bancorp/NC has a slightly positive Appreciation Score of 66 and a very high Power Rating of 92, and the Highest Value Trend Rating results.
Rating Review
In light of this new information we are reviewing our current Overall Rating of A. This review will be completed in the next several days.
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