For its third fiscal quarter (ending September 30), The First Bancorp Inc/ME (NASDAQ: FNLC) has reported E.P.S. of $0.69 compared to $0.68 a year ago. For the latest four quarters through September 30, E.P.S. were $2.39 compared to $2.92 a year ago.
Recent Price Action
The First Bancorp Inc/ME (NASDAQ: FNLC) stock closed at $25.97 on 10/23/24 after a slight decline of -0.4%. However, unusually low trading volume at 63% of normal accompanied the decline. The stock has declined -2.5% during the last week but has been strong relative to the market over the last nine months.
Current PriceTarget Research Rating
With future capital returns forecasted to exceed the cost of capital, FNLC is expected to continue to be a Value Builder.
First Bancorp has a current Value Trend Rating of B (Positive). The Value Trend Rating reflects consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. First Bancorp has a slightly positive Appreciation Score of 62 and a good Power Rating of 71, leading to the Positive Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of B. This review will be completed in the next several days.
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