27 May, 2017
Ok, so after looking at FBNC's value based on current earnings we can see it looks overvalued compared to other companies in its industry.But seeing as First Bancorp is thought of as a high growth stock, to properly value it we must also account for its earnings growth by using calculation called PEG ratio. First Bancorp P R now has $1.20 billion valuation. The stock rose 0.36% or $0.02 reaching $5.54.
First Bancorp (NYSE:FBP) last posted its earnings results on Tuesday, April 25th. It has outperformed by 16.14% the S&P500. One research analyst has rated the stock with a sell rating and four have given a buy rating to the stock. FFBC was included in 13 notes of analysts from August 4, 2015.
Hovde Group began new coverage on First Internet Bancorp giving the company a "outperform" rating. (NASDAQ:FSBK) declared a quarterly dividend on Friday, April 28th. The Stieven Capital Advisors Lp holds 505,600 shares with $16.18 million value, up from 431,400 last quarter. Tiaa Cref Management Limited Com invested in 17,919 shares. It also reduced its holding in Old Natl Bancorp Ind (NASDAQ:ONB) by 200,700 shares in the quarter, leaving it with 369,068 shares, and cut its stake in Qcr Holdings Inc (NASDAQ:QCRH).
3 analysts on average are expecting the company to report revenue of $125.21 Million for the current quarter. Finally, Dynamic Technology Lab Private Ltd acquired a new stake in First Bancorp during the fourth quarter worth $334,000. $55.50M worth of First Bancorp (NYSE:FBP) was sold by Oaktree Principal Fund V (Delaware) - L.P. $73.14M worth of First Bancorp (NYSE:FBP) was sold by Bresler Joshua D. RIVERA NAYDA had sold 26,081 shares worth $157,790 on Tuesday, May 2. Over the last ninety days, insiders have sold 101,081 shares of company stock worth $611,290. Shares for $152,500 were sold by Odell Lawrence.
Separately, Zacks Investment Research downgraded First Bancorp from a "buy" rating to a "hold" rating in a report on Wednesday, March 29th.
Ratings analysis reveals 30% of First Financial Bancorp's analysts are positive. The firm has "Outperform" rating given on Wednesday, October 14 by Keefe Bruyette & Woods. The firm has "Buy" rating by Guggenheim given on Monday, July 27.
Investors sentiment increased to 1.89 in 2016 Q4. This represents a $0.68 dividend on an annualized basis and a yield of 2.67%. It is positive, as 16 investors sold FBP shares while 39 reduced holdings. 26 funds opened positions while 27 raised stakes.
Yet another important factor while evaluating a good buy/sell decision for First Bancorp (FBP) is its Earnings per Share or EPS. Finemark Bankshares Trust has 0.01% invested in First Internet Bancorp (NASDAQ:INBK). Gamco Et Al invested in 0% or 35,000 shares. Tci Wealth Advisors Incorporated stated it has 0% in First Bancorp (NYSE:FBP). 669,800 are owned by Cornerstone Capital Mngmt Ltd Liability Corporation. Vanguard Gru invested in 11.43M shares. Airain Limited reported 59,544 shares. Jane Street Grp Lc reported 0% stake. Bridgeway Cap Mngmt reported 0.1% stake. To make a proper assessment, investors seek a sound estimate of this year's and next year's earnings per share (EPS), as well as a strong sense of how much the company will earn even farther down the road. First Financial Bank N.A. owns 596,393 shares or 3.33% of their USA portfolio. 900,000 were accumulated by Castine Capital Mgmt Limited Co.
Earnings per share (EPS) is the portion of a company's profit allocated to each outstanding share of common stock. During the same quarter in the previous year, the company posted $0.11 earnings per share. Hennessy Advsr Inc holds 0.19% or 980,000 shares. Stifel Financial Corp now owns 140,526 shares of the bank's stock worth $4,146,000 after buying an additional 5,733 shares during the period.
