Reviewing First Bancorp (FNLC) & Its Peers

First Bancorp (NASDAQ: FNLC) is one of 201 public companies in the “Commercial Banks” industry, but how does it contrast to its peers? We will compare First Bancorp to related businesses based on the strength of its institutional ownership, valuation, earnings, risk, profitability, dividends and analyst recommendations.

Valuation & Earnings

This table compares First Bancorp and its peers revenue, earnings per share (EPS) and valuation.

Gross Revenue Net Income Price/Earnings Ratio
First Bancorp $73.38 million $19.59 million 14.93
First Bancorp Competitors $389.54 million $86.86 million 22.17

First Bancorp’s peers have higher revenue and earnings than First Bancorp. First Bancorp is trading at a lower price-to-earnings ratio than its peers, indicating that it is currently more affordable than other companies in its industry.

Insider and Institutional Ownership

32.0% of First Bancorp shares are held by institutional investors. Comparatively, 46.7% of shares of all “Commercial Banks” companies are held by institutional investors. 6.6% of First Bancorp shares are held by company insiders. Comparatively, 11.8% of shares of all “Commercial Banks” companies are held by company insiders. Strong institutional ownership is an indication that endowments, hedge funds and large money managers believe a company will outperform the market over the long term.

Dividends

First Bancorp pays an annual dividend of $0.96 per share and has a dividend yield of 3.6%. First Bancorp pays out 53.0% of its earnings in the form of a dividend. As a group, “Commercial Banks” companies pay a dividend yield of 1.9% and pay out 37.0% of their earnings in the form of a dividend.

Analyst Ratings

This is a summary of current ratings and price targets for First Bancorp and its peers, as provided by MarketBeat.com.

Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
First Bancorp 0 0 0 0 N/A
First Bancorp Competitors 557 3193 2575 91 2.34

As a group, “Commercial Banks” companies have a potential upside of 8.75%. Given First Bancorp’s peers higher possible upside, analysts clearly believe First Bancorp has less favorable growth aspects than its peers.

Profitability

This table compares First Bancorp and its peers’ net margins, return on equity and return on assets.

Net Margins Return on Equity Return on Assets
First Bancorp 26.69% 11.04% 1.10%
First Bancorp Competitors 18.90% 8.72% 0.94%

Volatility and Risk

First Bancorp has a beta of 0.66, meaning that its share price is 34% less volatile than the S&P 500. Comparatively, First Bancorp’s peers have a beta of 0.67, meaning that their average share price is 33% less volatile than the S&P 500.

Summary

First Bancorp peers beat First Bancorp on 8 of the 12 factors compared.

First Bancorp Company Profile

The First Bancorp, Inc. is the bank holding company of First National Bank (the Bank). The Bank offers a range of financial services to individuals and companies in coastal Maine. The Company, through First Advisors, a division of the Bank, offers a range of private banking, financial planning, investment management and trust services to individuals, businesses, non-profit organizations and municipalities of various asset sizes. The Bank also offers automated teller machine (ATM) processing services. The Bank offers a range of loans, such as commercial loans, including real estate loans, construction loans and other loans; municipal loans; residential loans, including term loans and construction loans; home equity line of credit, and consumer loans. The Bank offers various deposits, such as demand deposits, negotiable order of withdrawal (NOW) accounts, money market accounts, savings and certificates of deposits.

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