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First Bancorp Analyst Ratings

Benzinga Analyst Ratings ·  Jan 30, 2023 20:41
Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating
01/30/2023 17.16% Raymond James $49 → $45 Maintains Market Outperform
01/26/2023 17.16% Piper Sandler $49 → $45 Maintains Overweight
10/31/2022 27.57% Raymond James $41 → $49 Maintains Outperform
10/06/2022 6.74% Raymond James $43 → $41 Maintains Outperform
08/18/2022 22.36% Piper Sandler $49 → $47 Upgrades Neutral → Overweight
08/01/2022 9.35% DA Davidson $43 → $42 Downgrades Buy → Neutral
08/01/2022 11.95% Raymond James $40 → $43 Maintains Outperform
06/23/2022 4.14% Raymond James $44 → $40 Maintains Outperform
05/02/2022 14.55% Raymond James $49 → $44 Maintains Outperform
02/28/2022 27.57% Raymond James → $49 Initiates Coverage On → Outperform
10/12/2021 35.38% Piper Sandler $49 → $52 Downgrades Overweight → Neutral
06/16/2021 32.78% Piper Sandler $46 → $51 Upgrades Neutral → Overweight
07/24/2020 -34.91% Piper Sandler $26 → $25 Maintains Neutral
06/19/2020 DA Davidson Downgrades Buy → Neutral
06/18/2020 -32.31% Piper Sandler $32 → $26 Downgrades Overweight → Neutral
02/28/2020 DA Davidson Initiates Coverage On → Buy
04/25/2019 Gabelli & Co. Upgrades Hold → Buy
03/25/2019 Piper Sandler Upgrades Hold → Buy
07/27/2018 19.76% Piper Sandler $44 → $46 Maintains Overweight
07/10/2018 Raymond James Downgrades Outperform → Market Perform

What is the target price for First Bancorp (FBNC)?

The latest price target for First Bancorp (NASDAQ: FBNC) was reported by Raymond James on January 30, 2023. The analyst firm set a price target for $45.00 expecting FBNC to rise to within 12 months (a possible 17.16% upside). 10 analyst firms have reported ratings in the last year.

What is the most recent analyst rating for First Bancorp (FBNC)?

The latest analyst rating for First Bancorp (NASDAQ: FBNC) was provided by Raymond James, and First Bancorp maintained their market outperform rating.

When is the next analyst rating going to be posted or updated for First Bancorp (FBNC)?

Analysts arrive at stock ratings after doing extensive research, which includes going through public financial statements, talking to executives and customers of First Bancorp, and listening in to earnings conference calls. Most analysts do this every three months, so you should get 4 ratings per company per firm each year. The last rating for First Bancorp was filed on January 30, 2023 so you should expect the next rating to be made available sometime around January 30, 2024.

Is the Analyst Rating First Bancorp (FBNC) correct?

While ratings are subjective and will change, the latest First Bancorp (FBNC) rating was a maintained with a price target of $49.00 to $45.00. The current price First Bancorp (FBNC) is trading at is $38.41, which is out of the analyst's predicted range.

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