First Bancorp's (NASDAQ:FBNC) Market Cap Decline of US$69m May Not Have as Much of an Impact on Institutional Owners After a Year of 4.7% Returns
First Bancorp's (NASDAQ:FBNC) Market Cap Decline of US$69m May Not Have as Much of an Impact on Institutional Owners After a Year of 4.7% Returns
Key Insights
关键见解
- Significantly high institutional ownership implies First Bancorp's stock price is sensitive to their trading actions
- 50% of the business is held by the top 13 shareholders
- Insiders have been selling lately
- 高机构所有权意味着First Bancorp的股价对其交易行为很敏感
- 50% 的业务由前 13 名股东持有
- 业内人士最近一直在抛售
To get a sense of who is truly in control of First Bancorp (NASDAQ:FBNC), it is important to understand the ownership structure of the business. The group holding the most number of shares in the company, around 69% to be precise, is institutions. In other words, the group stands to gain the most (or lose the most) from their investment into the company.
要了解谁真正控制了第一银行（纳斯达克股票代码：FBNC），了解该业务的所有权结构非常重要。持有该公司股份最多的集团是机构，准确地说约为69％。换句话说，该集团将从对公司的投资中获得最多（或损失最大）。
Institutional investors endured the highest losses after the company's market cap fell by US$69m last week. However, the 4.7% one-year return to shareholders might have softened the blow. They should, however, be mindful of further losses in the future.
上周该公司的市值下降了6900万美元后，机构投资者遭受了最大的损失。但是，4.7％的股东一年回报率可能减轻了打击。但是，他们应该注意未来的进一步损失。
Let's delve deeper into each type of owner of First Bancorp, beginning with the chart below.
让我们从下图开始，深入研究First Bancorp的每种类型的所有者。
What Does The Institutional Ownership Tell Us About First Bancorp?
关于第一银行，机构所有权告诉我们什么？
Institutional investors commonly compare their own returns to the returns of a commonly followed index. So they generally do consider buying larger companies that are included in the relevant benchmark index.
机构投资者通常将自己的回报与常见指数的回报进行比较。因此，他们通常会考虑收购相关基准指数中包含的大型公司。
We can see that First Bancorp does have institutional investors; and they hold a good portion of the company's stock. This suggests some credibility amongst professional investors. But we can't rely on that fact alone since institutions make bad investments sometimes, just like everyone does. It is not uncommon to see a big share price drop if two large institutional investors try to sell out of a stock at the same time. So it is worth checking the past earnings trajectory of First Bancorp, (below). Of course, keep in mind that there are other factors to consider, too.
我们可以看到，First Bancorp确实有机构投资者；他们持有该公司很大一部分股票。这表明专业投资者有一定的信誉。但是我们不能仅仅依靠这一事实，因为机构有时会像所有人一样进行不良投资。如果两个大型机构投资者试图同时抛售股票，股价大幅下跌的情况并不少见。因此，值得查看First Bancorp过去的收益轨迹（见下文）。当然，请记住，还有其他因素需要考虑。
Investors should note that institutions actually own more than half the company, so they can collectively wield significant power. First Bancorp is not owned by hedge funds. BlackRock, Inc. is currently the largest shareholder, with 14% of shares outstanding. For context, the second largest shareholder holds about 6.8% of the shares outstanding, followed by an ownership of 4.5% by the third-largest shareholder.
投资者应注意，机构实际上拥有公司一半以上的股份，因此它们可以共同行使巨大的权力。第一银行不归对冲基金所有。贝莱德公司目前是最大股东，已发行股份的14％。就背景而言，第二大股东持有约6.8％的已发行股份，其次是第三大股东持有4.5％的所有权。
After doing some more digging, we found that the top 13 have the combined ownership of 50% in the company, suggesting that no single shareholder has significant control over the company.
在进一步挖掘之后，我们发现排名前13位的合计持有该公司的50％所有权，这表明没有一个单一股东对公司拥有重要的控制权。
While studying institutional ownership for a company can add value to your research, it is also a good practice to research analyst recommendations to get a deeper understand of a stock's expected performance. There are a reasonable number of analysts covering the stock, so it might be useful to find out their aggregate view on the future.
虽然研究公司的机构所有权可以为您的研究增加价值，但研究分析师的建议以更深入地了解股票的预期表现也是一种好做法。有相当数量的分析师在报道该股，因此了解他们对未来的总体看法可能很有用。
Insider Ownership Of First Bancorp
First Bancorp的内部所有权
The definition of an insider can differ slightly between different countries, but members of the board of directors always count. Management ultimately answers to the board. However, it is not uncommon for managers to be executive board members, especially if they are a founder or the CEO.
不同国家对内部人士的定义可能略有不同，但董事会成员总是计算在内。管理层最终向董事会负责。但是，经理成为执行董事会成员的情况并不少见，特别是如果他们是创始人或首席执行官。
I generally consider insider ownership to be a good thing. However, on some occasions it makes it more difficult for other shareholders to hold the board accountable for decisions.
我通常认为内部所有权是一件好事。但是，在某些情况下，这使其他股东更难追究董事会对决策的责任。
We can see that insiders own shares in First Bancorp. This is a big company, so it is good to see this level of alignment. Insiders own US$47m worth of shares (at current prices). If you would like to explore the question of insider alignment, you can click here to see if insiders have been buying or selling.
我们可以看到内部人士拥有第一银行的股份。这是一家大公司，因此很高兴看到这种一致性。内部人士拥有价值4700万美元的股票（按当前价格计算）。如果您想探讨内幕调整问题，可以点击此处查看内部人士是否在买入或卖出。
General Public Ownership
一般公有制
With a 27% ownership, the general public, mostly comprising of individual investors, have some degree of sway over First Bancorp. While this group can't necessarily call the shots, it can certainly have a real influence on how the company is run.
First Bancorp拥有27％的所有权，公众对First Bancorp拥有一定程度的影响力，主要是个人投资者。尽管这个群体不一定能做主，但它肯定会对公司的运作方式产生真正的影响。
Next Steps:
后续步骤：
It's always worth thinking about the different groups who own shares in a company. But to understand First Bancorp better, we need to consider many other factors.
拥有公司股份的不同群体总是值得考虑的。但是，为了更好地了解First Bancorp，我们需要考虑许多其他因素。
Many find it useful to take an in depth look at how a company has performed in the past. You can access this detailed graph of past earnings, revenue and cash flow.
许多人发现，深入了解一家公司过去的表现很有用。您可以访问这张过去的收益、收入和现金流的详细图表。
If you would prefer discover what analysts are predicting in terms of future growth, do not miss this free report on analyst forecasts.
如果你想了解分析师对未来增长的预测，千万不要错过这份关于分析师预测的免费报告。
NB: Figures in this article are calculated using data from the last twelve months, which refer to the 12-month period ending on the last date of the month the financial statement is dated. This may not be consistent with full year annual report figures.
注意：本文中的数字是使用过去十二个月的数据计算得出的，这些数据是指截至财务报表日期当月最后一天的12个月期间。这可能与全年年度报告数据不一致。
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Simply Wall St的这篇文章本质上是笼统的。我们仅使用公正的方法根据历史数据和分析师的预测提供评论，我们的文章无意作为财务建议。它不构成买入或卖出任何股票的建议，也没有考虑到您的目标或财务状况。我们的目标是为您提供由基本数据驱动的长期重点分析。请注意，我们的分析可能不考虑最新的价格敏感型公司公告或定性材料。简而言之，华尔街没有持有任何上述股票的头寸。
译文内容由第三方软件翻译。