First Bancorp /nc/ (FBNC) Files Form 4 Insider Buying : Michael Goodwin Mayer Buys 500 Shares

First Bancorp /nc/ (FBNC): Michael Goodwin Mayer , President of First Bancorp /nc/ purchased 500 shares on Jun 24, 2016. The Insider buying transaction was reported by the company on Jun 24, 2016 to the Securities and Exchange Commission. The shares were purchased at $17.93 per share for a total value of $8,967.50 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Jun 24, 2016, Richard H Moore (CEO) purchased 2,800 shares at $17.78 per share price.On Jun 24, 2016, Eric P Credle (CFO) purchased 1,000 shares at $17.72 per share price.Also, On Mar 22, 2016, Edward Francis Iii Soccorso (EVP) purchased 1,097 shares at $19.56 per share price.On Feb 5, 2016, Daniel T Jr. Blue (director) purchased 300 shares at $18.41 per share price.

Shares of First Bancorp (FBNC) ended Friday, Jun 24, 2016 session in red amid volatile trading. The shares closed down -0.38 points or -2.07% at $17.99 with 2,09,125 shares getting traded. Post opening the session at $17.92, the shares hit an intraday low of $17.7 and an intraday high of $18.2 and the price vacillated in this range throughout the day. The company has a market cap of $357 M and the number of outstanding shares has been calculated to be 1,98,70,270 shares. The 52-week high of First Bancorp is $21.94 and the 52-week low is $16.01.

First Bancorp Money Flow Index Chart

On Jun 15, 2016, First Bancorp announced a cash dividend of $0.0800. The company’s management has announced Jun 28, 2016 as the ex-dividend date and fixed the record date on Jun 30, 2016. The payable date has been fixed on Jul 25, 2016.

Company has been under the radar of several Street Analysts.First Bancorp is Downgraded by FIG Partners to Market Perform. Earlier the firm had a rating of Outperform on the company shares. The Rating was issued on May 11, 2016.

First Bancorp is the bank holding company for First Bank (the Bank). The Company’s banking activities include the acceptance of deposits and the making of loans. The Company also offers credit cards debit cards letters of credit safe deposit box rentals and electronic funds transfer services including wire transfers. The Company offers Internet banking mobile banking cash management and bank-by-phone capabilities. As of December 31 2014 the Company conducted business from 87 branches and served primarily the south central region (the Piedmont region) the central mountain region and the eastern coastal region of North Carolina with operations in northeastern South Carolina and southwestern Virginia. As of December 31 2014 the Bank had two wholly owned subsidiaries First Bank Insurance Services Inc. an agent for property and casualty insurance policies and First Troy SPE LLC.

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