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The Public Sector Pension Investment Board boosted its First Bancorp stake by 14.5% in Q3, now holding 161,719 shares worth $8.55 million.
The Public Sector Pension Investment Board increased its stake in First Bancorp (FBNC) by 14.5% in Q3, now holding 161,719 shares worth $8.55 million.
The bank reported strong quarterly earnings of $1.19 per share, beating estimates by $0.16, though revenue fell short.
Analysts have mixed ratings, leading to a consensus "Moderate Buy" and a $61.25 target.
FBNC raised its quarterly dividend to $0.24, yielding 1.6%.
An insider sold 5,000 shares on February 3 at $59.31.
The stock trades between $34.50 and $62.64, with a market cap of $2.53 billion and a P/E ratio of 22.74.
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La Junta de Inversión de Pensiones del Sector Público aumentó su participación en First Bancorp en un 14.5% en el tercer trimestre, ahora posee 161,719 acciones por un valor de $ 8.55 millones.