First Bancorp (FBNC)
NASDAQ: FBNC · IEX Real-Time Price · USD
31.52
-0.03 (-0.10%)
Apr 26, 2024, 4:00 PM EDT - Market closed
First Bancorp Stock Forecast
Stock Price Forecast
The 3 analysts with 12-month price forecasts for First Bancorp stock have an average target of 34.33, with a low estimate of 32 and a high estimate of 37. The average target predicts an increase of 8.91% from the current stock price of 31.52.
Analyst Consensus: Buy
* Price targets were last updated on Oct 26, 2023.
Analyst Ratings
The average analyst rating for First Bancorp stock from 4 stock analysts is "Buy". This means that analysts believe this stock is likely to outperform the market over the next twelve months.
Recommendation Trends
| Rating | Nov '23 | Dec '23 | Jan '24 | Feb '24 | Mar '24 | Apr '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 1 | 1 | 1 | 1 | 1 | 1 |
| Buy | 2 | 2 | 2 | 2 | 2 | 2 |
| Hold | 1 | 1 | 1 | 1 | 1 | 1 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 4 | 4 | 4 | 4 | 4 | 4 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Piper Sandler | Piper Sandler | Buy Maintains $34 → $32 | Buy | Maintains | $34 → $32 | +1.52% | Oct 26, 2023 |
| DA Davidson | DA Davidson | Hold → Strong Buy Upgrades $37 → $34 | Hold → Strong Buy | Upgrades | $37 → $34 | +7.87% | Sep 14, 2023 |
| Raymond James | Raymond James | Buy → Hold Downgrades n/a | Buy → Hold | Downgrades | n/a | n/a | Jul 31, 2023 |
| Keefe, Bruyette & Woods | Keefe, Bruyette & Woods | Buy Maintains $40 → $37 | Buy | Maintains | $40 → $37 | +17.39% | Jul 27, 2023 |
| Raymond James | Raymond James | Buy Maintains $43 → $36 | Buy | Maintains | $43 → $36 | +14.21% | May 1, 2023 |
Financial Forecast
Revenue This Year
403.11M
from 386.34M
Increased by 4.34%
Revenue Next Year
431.93M
from 403.11M
Increased by 7.15%
EPS This Year
2.70
from 2.53
Increased by 6.54%
EPS Next Year
3.03
from 2.70
Increased by 12.39%
Revenue Forecast
| Revenue | 2024 | 2025 |
|---|---|---|
| High | 425.0M | 461.8M |
| Avg | 403.1M | 431.9M |
| Low | 380.1M | 406.3M |
Revenue Growth
| Revenue Growth | 2024 | 2025 |
|---|---|---|
| High | 10.0% | 14.6% |
| Avg | 4.3% | 7.1% |
| Low | -1.6% | 0.8% |
EPS Forecast
| EPS | 2024 | 2025 |
|---|---|---|
| High | 2.92 | 3.42 |
| Avg | 2.70 | 3.03 |
| Low | 2.43 | 2.70 |
EPS Growth
| EPS Growth | 2024 | 2025 |
|---|---|---|
| High | 15.4% | 27.0% |
| Avg | 6.5% | 12.4% |
| Low | -3.9% | 0.4% |
Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.