First Bancorp (NASDAQ:FBNC) recently hit a new 52-week high of $62.64, closing at $62.27 with significant trading volume. Despite mixed analyst ratings, the consensus remains a “Moderate Buy” with a target price of $61.25. The company exceeded EPS expectations but missed on revenue, raised its quarterly dividend, and has seen recent insider selling.
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First Bancorp (NASDAQ:FBNC) Reaches New 52-Week High - Should You Buy?
First Bancorp (NASDAQ:FBNC) recently hit a new 52-week high of $62.64, closing at $62.27 with significant trading volume. Despite mixed analyst ratings, the consensus remains a “Moderate Buy” with a target price of $61.25. The company exceeded EPS expectations but missed on revenue, raised its quarterly dividend, and has seen recent insider selling.