A Director at First Bancorp (NASDAQ: FBNC) is Buying Shares

By George MacDonald

Yesterday, a Director at First Bancorp (NASDAQ: FBNC), Daniel Blue, bought shares of FBNC for $38.46k.

Daniel Blue increased his holding by 20.73% to a total of $2.06. Following Daniel Blue’s last FBNC Buy transaction on June 02, 2015, the stock climbed by 3.1%.

FBNC’s market cap is $374.1M and the company has a P/E ratio of 14.8%. The company has a one year high of $19.84 and a one year low of $14.73. Currently, First Bancorp has an average volume of 40.5k.

Over the last 3 months, the insider sentiment on First Bancorp has been positive based on 25 corporate insider transactions. This sentiment is slightly higher than the average sector sentiment of insiders.

First Bancorp is a bank holding company, which offers deposit products such as checking, savings, and money market accounts, as well as time deposits, including various types of certificates of deposits and individual retirement accounts.