Avoid the stress of overpaying for a stock or missing an opportunity by using the right tools and insights to evaluate First Bancorp Inc before investing.

In this article, we go over a few key elements for understanding First Bancorp Inc’s stock price such as:

• First Bancorp Inc’s current stock price and volume
• Why First Bancorp Inc’s stock price changed recently
• Upgrades and downgrades for FNLC from analysts
• FNLC’s stock price momentum as measured by its relative strength

About First Bancorp Inc (FNLC)

Before we jump into First Bancorp Inc’s stock price, history, target price and what caused it to recently rise, let’s take a look at some background.

The First Bancorp, Inc. is a bank holding company of First National Bank (the Bank). The Bank provides an array of commercial and retail banking services through 18 locations in mid-coast and eastern Maine. The Bank emphasizes personal service, and its customers are primarily small businesses and individuals to whom the Bank offers a wide variety of services, including deposit accounts and consumer, commercial and mortgage loans. In addition to traditional banking services, the Company provides investment management and trust services to individuals, businesses, and municipalities through First National Wealth Management, which is an operating division of the Bank. First National Wealth Management offers a comprehensive array of private banking, financial planning, investment management and trust services to individuals, businesses, non-profit organizations, and municipalities of varying asset size. The Bank also offers brokerage, annuity products and certain types of insurance.

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First Bancorp Inc’s Stock Price as of Market Close

As of August 23, 2024, 4:00 PM, CST, First Bancorp Inc’s stock price was $27.61.

First Bancorp Inc is up 6.73% from its previous closing price of $25.87.

During the last market session, First Bancorp Inc’s stock traded between $25.67 and $26.15. Currently, there are 11.05 million shares of First Bancorp Inc stock available for purchase.

First Bancorp Inc’s price-earnings (P/E) ratio is currently at 10.9, which is low compared to the Banks industry median of 11.5. The price-earnings ratio gauges market expectation of future performance by relating a stock’s current share price to its earnings per share.

First Bancorp Inc Stock Price History

First Bancorp Inc’s (FNLC) price is currently down 1.92% so far this month.

During the month of August, First Bancorp Inc’s stock price has reached a high of $28.34 and a low of $23.28.

Over the last year, First Bancorp Inc has hit prices as high as $29.75 and as low as $21.77. Year to date, First Bancorp Inc’s stock is down 7.78%.

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What Caused First Bancorp Inc Stock’s Price to Rise?

Stock prices are primarily based on seller supply and buyer demand. But have you ever wondered about what other factors affect a stock's price?

When an analyst changes their opinion of a stock by upgrading or downgrading their rating, it often leads to a sudden stock price adjustment. As of August 22, 2024, there were analysts who downgraded First Bancorp Inc’s stock and analysts who upgraded over the last month.

Additionally, you'll want to evaluate First Bancorp Inc’s financial health and valuation. Investors can use AAII's Value Grade, which combines six key valuation metrics like P/E and P/S ratios for a comprehensive analysis to conduct analysis on First Bancorp Inc’s valuation and financial health. This approach mitigates the limitations of single-metric evaluations.

First Bancorp Inc’s current valuation based on AAII’s Value Grade is a B, which means it is considered to be Value.

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Lastly, news and media coverage as well as recent press reports about the company or its industry may cause stock prices to fluctuate. You can check out the most recent news articles about First Bancorp Inc (FNLC) by visiting AAII Stock Evaluator.

Relative Price Strength of First Bancorp Inc

Relative price strength measures a stock's performance against the market, helping investors identify stocks that are outperforming benchmarks.

For AAII’s Momentum Grade, a weighted relative price strength is calculated. Follow this link to learn more about the Momentum Grade.

As of August 22, 2024, First Bancorp Inc has a weighted four-quarter relative price strength of -3.35%, which translates to a Momentum Score of 54 and is considered to be Average.

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First Bancorp Inc Stock Price: Bottom Line

As of August 23, 2024, First Bancorp Inc’s stock price is $27.61, which is up 6.73% from its previous closing price.

AAII advises against making stock decisions based solely on price or past returns. Instead, consider a variety of metrics, fundamentals, and analytics to evaluate a stock like First Bancorp Inc stock prices are influenced by market supply and demand and offer just a snapshot of a company's overall health.

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