From Financial Modeling Prep: 2025-04-21 07:00:00

First Bancorp (NASDAQ:FBNC) operates in North Carolina and northeastern South Carolina, offering banking products and services. Analysts maintain a $48 price target for the stock, with Raymond James setting a slightly lower target of $44. Quarterly earnings per share of $0.76 exceed expectations, reflecting strong financial performance. Despite challenges like a potential recession, opportunities for reinvestment in higher-yielding assets exist. The company’s stock has been upgraded to a Zacks Rank #2 (Buy), indicating a positive outlook on earnings potential and financial standing.



Read more at Financial Modeling Prep:: First Bancorp (NASDAQ:FBNC) Overview and Financial…