$31.88
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First Bancorp
FBNCNASDAQ
First Bancorp (NASDAQ:FBNC) Stock, Analyst Ratings, Price Targets, Forecasts
First Bancorp has a consensus price target of $28.8 based on the ratings of 19 analysis. The 3 most-recent analyst ratings were released by Piper Sandler, DA Davidson, and Keefe, Bruyette & Woods on October 26, 2023, September 14, 2023, and July 27, 2023, respectively. With an average price target of $34.33 between Piper Sandler, DA Davidson, and Keefe, Bruyette & Woods, there's an implied 7.70% upside for First Bancorp from these most-recent analyst ratings.
Analyst Firms Making Recommendations1
Piper Sandler
DA Davidson
Raymond James
Keefe, Bruyette & Woods
Raymond James
1calculated from analyst ratings
Analyst Ratings for First Bancorp
| Buy Now | Get Alert | |||||||
|---|---|---|---|---|---|---|---|---|
| 10/26/2023 | Buy Now | 0.38% | Piper Sandler | Stephen Scouten | $34 → $32 | Maintains | Overweight | Get Alert |
| 09/14/2023 | Buy Now | 6.65% | DA Davidson | Kevin Fitzsimmons | $36.5 → $34 | Upgrade | Neutral → Buy | Get Alert |
| 07/31/2023 | Buy Now | — | Raymond James | Daniel Tamayo | — | Downgrade | Outperform → Market Perform | Get Alert |
| 07/27/2023 | Buy Now | 16.06% | Keefe, Bruyette & Woods | Brady Gailey | $40 → $37 | Maintains | Outperform | Get Alert |
| 05/01/2023 | Buy Now | 12.92% | Raymond James | Daniel Tamayo | $43 → $36 | Maintains | Outperform | Get Alert |
| 04/27/2023 | Buy Now | 22.33% | Piper Sandler | Stephen Scouten | $44 → $39 | Maintains | Overweight | Get Alert |
| 04/27/2023 | Buy Now | 31.74% | Keefe, Bruyette & Woods | Brady Gailey | $46 → $42 | Maintains | Outperform | Get Alert |
| 04/06/2023 | Buy Now | 34.88% | Raymond James | Daniel Tamayo | $45 → $43 | Maintains | Outperform | Get Alert |
| 01/30/2023 | Buy Now | 41.15% | Raymond James | Daniel Tamayo | $49 → $45 | Maintains | Market Outperform | Get Alert |
| 01/26/2023 | Buy Now | 41.15% | Piper Sandler | Stephen Scouten | $49 → $45 | Maintains | Overweight | Get Alert |
| 10/31/2022 | Buy Now | 53.7% | Raymond James | Daniel Tamayo | $41 → $49 | Maintains | Outperform | Get Alert |
| 10/06/2022 | Buy Now | 28.61% | Raymond James | David Long | $43 → $41 | Maintains | Outperform | Get Alert |
| 08/18/2022 | Buy Now | 47.43% | Piper Sandler | Stephen Scouten | $49 → $47 | Upgrade | Neutral → Overweight | Get Alert |
| 08/01/2022 | Buy Now | 31.74% | DA Davidson | Kevin Fitzsimmons | $43 → $42 | Downgrade | Buy → Neutral | Get Alert |
| 08/01/2022 | Buy Now | 34.88% | Raymond James | Daniel Tamayo | $40 → $43 | Maintains | Outperform | Get Alert |
| 06/23/2022 | Buy Now | 25.47% | Raymond James | Daniel Tamayo | $44 → $40 | Maintains | Outperform | Get Alert |
| 05/02/2022 | Buy Now | 38.02% | Raymond James | Daniel Tamayo | $49 → $44 | Maintains | Outperform | Get Alert |
| 02/28/2022 | Buy Now | 53.7% | Raymond James | Daniel Tamayo | → $49 | Initiates | → Outperform | Get Alert |
| 10/12/2021 | Buy Now | 63.11% | Piper Sandler | Stephen Scouten | — | Downgrade | Overweight → Neutral | Get Alert |
FAQ
What is the target price for First Bancorp (FBNC) stock?
The latest price target for First Bancorp (NASDAQ:FBNC) was reported by Piper Sandler on October 26, 2023. The analyst firm set a price target for $32.00 expecting FBNC to rise to within 12 months (a possible 0.38% upside). 4 analyst firms have reported ratings in the last year.
What is the most recent analyst rating for First Bancorp (FBNC)?
The latest analyst rating for First Bancorp (NASDAQ:FBNC) was provided by Piper Sandler, and First Bancorp maintained their overweight rating.
When was the last upgrade for First Bancorp (FBNC)?
The last upgrade for First Bancorp happened on September 14, 2023 when DA Davidson raised their price target to $34. DA Davidson previously had a neutral for First Bancorp.
When was the last downgrade for First Bancorp (FBNC)?
The last downgrade for First Bancorp happened on July 31, 2023 when Raymond James changed their price target from N/A to N/A for First Bancorp.
When is the next analyst rating going to be posted or updated for First Bancorp (FBNC)?
Analysts arrive at stock ratings after doing extensive research, which includes going through public financial statements, talking to executives and customers of First Bancorp, and listening in to earnings conference calls. Most analysts do this every three months, so you should get 4 ratings per company per firm each year. The last rating for First Bancorp was filed on October 26, 2023 so you should expect the next rating to be made available sometime around October 26, 2024.
Is the Analyst Rating First Bancorp (FBNC) correct?
While ratings are subjective and will change, the latest First Bancorp (FBNC) rating was a maintained with a price target of $34.00 to $32.00. The current price First Bancorp (FBNC) is trading at is $31.88, which is out of the analyst’s predicted range.
Browse analyst ratings and price targets on all stocks.