In a filing, First Bancorp revealed its Director GARRETT MASON Y unloaded Company’s shares for reported $1.3 million on Jul 26 ’24. In the deal valued at $43.34 per share,30,000 shares were sold. As a result of this transaction, GARRETT MASON Y now holds 128,943 shares worth roughly $5.28 million.
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Then, GARRETT MASON Y sold 22,800 shares, generating $989,748 in total proceeds. Upon selling the shares at $43.41, the Director now owns 196,416 shares.
Before that, Capel Mary Clara sold 1,015 shares. First Bancorp shares valued at $30,501 were divested by the Director at a price of $30.05 per share. As a result of the transaction, Capel Mary Clara now holds 11,569 shares, worth roughly $0.47 million.
DA Davidson upgraded its First Bancorp [FBNC] rating to a Buy from a a Neutral in a research note published on September 14, 2023; the price target was decreased to $34 from $36.50. A number of analysts have revised their coverage, including Raymond James’s analysts, who decreased its forecast for the stock in late July from “an Outperform” to “a Mkt perform”. Piper Sandler also remained covering FBNC and has increased its forecast on August 18, 2022 with a “an Overweight” recommendation from previously “Neutral” rating. DA Davidson revised its rating on August 01, 2022. It rated FBNC as “a Neutral” which previously was an “a Buy”.
Price Performance Review of FBNC
On Tuesday, First Bancorp [NASDAQ:FBNC] saw its stock fall -1.99% to $40.98. Over the last five days, the stock has gained 3.54%. First Bancorp shares have risen nearly 10.73% since the year began. Nevertheless, the stocks have risen 31.26% over the past one year. While a 52-week high of $45.41 was reached on 07/25/24, a 52-week low of $26.00 was recorded on 06/26/24. SMA at 50 days reached $35.94, while 200 days put it at $34.18.
Levels Of Support And Resistance For FBNC Stock
The 24-hour chart illustrates a support level at 40.66, which if violated will result in even more drops to 40.33. On the upside, there is a resistance level at 41.41. A further resistance level may holdings at 41.83. The Relative Strength Index (RSI) on the 14-day chart is 59.99, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.65, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 21.68%. Stochastics%K at 75.59% indicates the stock is a holding.
How much short interest is there in First Bancorp?
A steep rise in short interest was recorded in First Bancorp stocks on 2024-07-31, dropping by -0.18 million shares to a total of 0.99 million shares. Yahoo Finance data shows the prior-month short interest on 2024-06-28 was 1.17 million shares. There was a decline of -18.26%, which implies that there is a negative sentiment for the stock.
