Citigroup upgraded shares of First Bancorp (NYSE:FBP) from a neutral rating to a buy rating in a research note released on Thursday morning, Marketbeat.com reports.
A number of other analysts have also weighed in on FBP. ValuEngine lowered shares of First Bancorp from a buy rating to a hold rating in a research note on Wednesday, September 27th. Zacks Investment Research lowered shares of First Bancorp from a buy rating to a hold rating in a research note on Monday, October 2nd. Bank of America cut their price objective on shares of First Bancorp from $7.00 to $6.00 and set a neutral rating on the stock in a research note on Wednesday, November 8th. TheStreet lowered shares of First Bancorp from a b- rating to a c rating in a research note on Tuesday, November 7th. Finally, Piper Jaffray Companies reiterated a buy rating and issued a $7.50 price objective on shares of First Bancorp in a research note on Friday, November 10th. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating and four have issued a buy rating to the company. First Bancorp presently has an average rating of Hold and a consensus target price of $6.50.
Shares of First Bancorp (NYSE FBP) opened at $5.27 on Thursday. The firm has a market cap of $1,120.00, a price-to-earnings ratio of 17.57, a PEG ratio of 2.88 and a beta of 1.92. First Bancorp has a 52 week low of $4.48 and a 52 week high of $7.05. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.62.
First Bancorp Company Profile
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