Zacks Investment Research Downgrades First Bancorp (FBNC) to Hold

The institutional investor held 1.13 million shares of the major banks company at the end of 2017Q3, valued at $5.77M, up from 949,705 at the end of the previous reported quarter. The Return on Investment (ROI) ratio of First Bancorp (FBP) is 18.3 percent.

The stock increased 0.59% or $0.03 during the last trading session, reaching $5.14. About 3.21 million shares traded or 47.76% up from the average. Hospitality Properties Trust (HPT) has risen 14.95% since January 9, 2017 and is uptrending. It has outperformed by 18.29% the S&P500. Moreover, Lyon Street Capital Llc has 1.6% invested in the company for 442,647 shares. The institutional investor held 21,000 shares of the consumer non-durables company at the end of 2017Q3, valued at $2.34M, up from 500 at the end of the previous reported quarter. Palouse Cap Mngmt has invested 1.42% in Apple Inc. The stock increased 0.72% or $0.86 during the last trading session, reaching $119.84. Pepsico, Inc. (NYSE:PEP) has risen 12.20% since January 11, 2017 and is uptrending. It has underperformed by 17.76% the S&P500.

Rock Point Advisors Llc, which manages about $351.72 million and $214.70 million US Long portfolio, decreased its stake in Sunpower Corp (NASDAQ:SPWR) by 152,839 shares to 353,190 shares, valued at $2.58M in 2017Q3, according to the filing. Another trade for 6,220 shares valued at $707,561 was sold by MATSCHULLAT ROBERT W. The insider CRANSTON MARY B sold 10,400 shares worth $1.07 million. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.05 and a quick ratio of 1.05.

Investors might be interested in how sell-side analysts are viewing shares of Tesla Inc. 27 funds opened positions while 80 raised stakes. Bresler Joshua D sold 10.00 million shares worth $56.55M. Mutual Of America Capital Mgmt Ltd Liability holds 0.06% or 88,471 shares in its portfolio. Comerica Bancorporation owns 61,938 shares or 0.01% of their U.S. portfolio. State Board Of Administration Of Florida Retirement System holds 0.03% of its portfolio in The Middleby Corporation (NASDAQ:MIDD) for 78,386 shares.

Investors sentiment decreased to 0.94 in 2017 Q3. Macquarie Grp Inc Ltd has 128,800 shares for 0% of their portfolio. Capital Management Corp Va, a Virginia-based fund reported 249,314 shares. Missouri-based Parkside Fin Bancorp And has invested 0% in First Bancorp (NYSE:FBP). Retirement Planning Gru holds 8,076 shares. Vanguard Group Inc holds 0% or 17.01M shares. First Bancorp (NYSE:FBP)'s price to sales ratio for trailing twelve month stands at 1.99, whereas its price to book ratio for the most recent quarters is at 0.63. Zebra Cap Mgmt Lc reported 70,665 shares.

The average 1-year price target for First Bancorp (FBP) - averaging the work of different analysts - reveals a mean PT of $6.79/share. Principal Financial Gp holds 1.39M shares or 0.01% of its portfolio. Financial Bank Of Montreal Can accumulated 0% or 228 shares. The other 5, though not evenly; between analysts who think you should buy First Bancorp versus those who think you should sell it. Therefore 67% are positive.

According to Zacks, analysts expect that First Bancorp will report full year sales of $64.13 million for the current year, with estimates ranging from $208.80 million to $215.75 million. On Monday, July 10 the stock rating was maintained by Piper Jaffray with "Hold". As per Friday, April 8, the company rating was initiated by Piper Jaffray. The firm has "Buy" rating given on Thursday, December 21 by Keefe Bruyette & Woods. Citigroup maintained the shares of FBP in report on Monday, November 20 with "Neutral" rating. The company was maintained on Tuesday, October 3 by Keefe Bruyette & Woods. The stock of First Bancorp (NYSE:FBP) has "Neutral" rating given on Wednesday, November 8 by Bank of America. The firm has "Buy" rating by Guggenheim given on Monday, July 27. Piper Jaffray maintained the stock with "Buy" rating in Friday, October 6 report. The stock of First Internet Bancorp (NASDAQ:INBK) earned "Outperform" rating by Keefe Bruyette & Woods on Tuesday, January 10.

First Bancorp (NYSE:FBP) as of current trade, has shown weekly performance of 4.87% which was maintained at 5.7% in one month period. The stock of First Bancorp (NYSE:FBP) earned "Buy" rating by Keefe Bruyette & Woods on Friday, November 10. Therefore 25% are positive. DaVita had 34 analyst reports since August 6, 2015 according to SRatingsIntel. The stock of The Middleby Corporation (NASDAQ:MIDD) earned "Buy" rating by BMO Capital Markets on Friday, September 29. The company was maintained on Friday, May 26 by Goldman Sachs. They issued an "equal weight" rating on the stock. Robert W. Baird has "Buy" rating and $142.0 target. The company was upgraded on Tuesday, August 11 by Zacks. The company has market cap of $91.48 million. The company was upgraded on Thursday, December 21 by Citigroup. Roth Capital maintained the stock with "Buy" rating in Thursday, November 12 report. Jefferies maintained RPC, Inc. On Monday, October 9 the stock rating was downgraded by JP Morgan to "Underweight". JP Morgan has "Overweight" rating and $125 target.

Investors sentiment increased to 0.7 in 2017 Q3. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.08%. 36 funds opened positions while 131 raised stakes. (NYSE:V) or 16,053 shares. Northeast Financial Consultants Inc invested in 0.82% or 14,531 shares. (NASDAQ:AAPL) for 139,822 shares. It also upped United Rentals Inc (NYSE:URI) stake by 9,936 shares and now owns 28,845 shares. Comerica Fincl Bank holds 0.01% or 191,868 shares. Shelton Capital Management now owns 12,630 shares of the financial services provider's stock worth $236,000 after acquiring an additional 962 shares during the period. Alpha Windward Limited Liability Co has invested 0.03% in RPC, Inc. (NASDAQ:PEP) for 45,094 shares. Adirondack invested in 2,105 shares. They expect $0.05 earnings per share, down 54.55% or $0.06 from last year's $0.11 per share. 22,900 were accumulated by Peloton Wealth Strategists. Covington holds 1.11% of its portfolio in Pepsico, Inc.

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