First Bancorp’s filing revealed that its Director CRAWFORD JAMES C III unloaded Company’s shares for reported $0.27 million on Nov 26 ’24. In the deal valued at $49.22 per share,5,573 shares were sold. As a result of this transaction, CRAWFORD JAMES C III now holds 67,752 shares worth roughly $3.03 million.
Then, JAMES C CRAWFORD III bought 5,573 shares, generating $274,303 in total proceeds.
Before that, HERENCIA ROBERTO R bought 100,000 shares. First Bancorp shares valued at $2,200,000 were divested by the Director at a price of $22.00 per share.
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 Friday, First Bancorp [NASDAQ:FBNC] saw its stock jump 2.62% to $44.69. Over the last five days, the stock has lost -6.03%. First Bancorp shares have risen nearly 20.75% since the year began. Nevertheless, the stocks have risen 23.05% over the past one year. While a 52-week high of $50.34 was reached on 11/25/24, a 52-week low of $29.53 was recorded on 06/26/24. SMA at 50 days reached $45.27, while 200 days put it at $38.31.
Levels Of Support And Resistance For FBNC Stock
The 24-hour chart illustrates a support level at 43.72, which if violated will result in even more drops to 42.76. On the upside, there is a resistance level at 45.34. A further resistance level may holdings at 46.00. The Relative Strength Index (RSI) on the 14-day chart is 42.06, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -2.87, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 77.17%. Stochastics %K at 10.73% indicates the stock is a buying.
How much short interest is there in First Bancorp?
A steep rise in short interest was recorded in First Bancorp stocks on 2024-11-29, growing by 70424.0 shares to a total of 0.79 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-31 was 0.72 million shares. There was a rise of 8.9%, which implies that there is a positive sentiment for the stock.
