Barclays PLC lifted its holdings in shares of The First Bancorp, Inc. (NASDAQ:FNLC) by 27.6% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 13,401 shares of the bank’s stock after purchasing an additional 2,897 shares during the quarter. Barclays PLC’s holdings in First Bancorp were worth $390,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. First Bancorp Inc ME acquired a new stake in shares of First Bancorp during the third quarter worth about $21,610,000. State Street Corp raised its position in shares of First Bancorp by 7.6% during the second quarter. State Street Corp now owns 201,953 shares of the bank’s stock worth $5,948,000 after purchasing an additional 14,314 shares during the period. Geode Capital Management LLC raised its position in shares of First Bancorp by 7.5% during the second quarter. Geode Capital Management LLC now owns 166,952 shares of the bank’s stock worth $4,916,000 after purchasing an additional 11,661 shares during the period. Morgan Stanley raised its position in shares of First Bancorp by 4.6% during the second quarter. Morgan Stanley now owns 98,972 shares of the bank’s stock worth $2,914,000 after purchasing an additional 4,326 shares during the period. Finally, FMR LLC raised its position in shares of First Bancorp by 52,757.1% during the second quarter. FMR LLC now owns 74,000 shares of the bank’s stock worth $2,179,000 after purchasing an additional 73,860 shares during the period. 38.95% of the stock is currently owned by institutional investors.
NASDAQ FNLC opened at $31.70 on Thursday. The firm has a market capitalization of $348.26 million, a price-to-earnings ratio of 9.61 and a beta of 0.53. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.78 and a current ratio of 0.78. The stock’s 50-day simple moving average is $31.82. The First Bancorp, Inc. has a one year low of $24.32 and a one year high of $36.80.
The company also recently announced a quarterly dividend, which was paid on Friday, January 21st. Shareholders of record on Monday, January 10th were paid a $0.32 dividend. This represents a $1.28 annualized dividend and a yield of 4.04%. The ex-dividend date of this dividend was Friday, January 7th. First Bancorp’s payout ratio is 38.79%.
In other First Bancorp news, Director Kimberly Swan acquired 3,272 shares of the stock in a transaction dated Wednesday, December 22nd. The shares were bought at an average cost of $30.02 per share, for a total transaction of $98,225.44. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 6.68% of the company’s stock.
First Bancorp Profile
The First Bancorp, Inc (Maine) is a bank holding company, which engages in the provision of financial services. It offers time and savings deposits, lending, automated teller machine processing, investment management, and trust services. The company was founded on January 15, 1985 and is headquartered in Damariscotta, ME.
Featured Stories
Want to see what other hedge funds are holding FNLC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The First Bancorp, Inc. (NASDAQ:FNLC).
Want More Great Investing Ideas?