First Bancorp/NC (NASDAQ: FBNC) stock enjoyed a major increase of 11.8% on 11/6/24. The shares closed at $47.16. Moreover, trading volume in this advance was exceptionally high at 455% of normal. The stock has risen 11.8% during the last week and 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 67 and a very high Power Rating of 95, triggering the Highest Value Trend Rating.
Rating Review
In light of this very positive price change we are reviewing our current Overall Rating of A. This review will be completed in the next several days.
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