Economy

First Bancorp (NYSE:FBP) Upgraded by Zacks Investment Research to Buy

Barker David S bought 333 shares worth $9,391. Ryman Hospitality Properties had 17 analyst reports since August 6, 2015 according to SRatingsIntel. Citigroup initiated First Bancorp (NYSE:FBP) on Wednesday, February 8 with "Neutral" rating. The company was maintained on Friday, January 19 by RBC Capital Markets. (NASDAQ:MNRO) earned "Buy" rating by Oppenheimer on Tuesday, June 20. Maxim Group maintained it with "Buy" rating and $37 target in Monday, July 27 report. Its minimum price target estimates has been figured out at $7.3 while the maximum price target forecast is established at $14. The firm earned "Hold" rating on Thursday, October 12 by Jefferies. Bank of America has "Underperform" rating and $40 target. Mutual of America Capital Management LLC lifted its holdings in First Connecticut Bancorp by 1.4% in the 1st quarter.

First Internet Bancorp operates as a bank holding firm for First Internet Bank of IN that provides commercial and retail banking services and products IN the United States. Victory Capital Management Inc. now owns 35,518 shares of the bank's stock worth $1,355,000 after acquiring an additional 2,468 shares during the last quarter.

On 1/23/2018 First Financial Bancorp announced a quarterly dividend of $0.19 0.00652920962199313% with an ex dividend date of 2/28/2018 which will be payable on 3/15/2018. After the latest session, which saw the stock close at a price of $5.77, FBP sits below its 52-week high. About 1.64 million shares traded.

First BanCorp.is a financial holding company. It has outperformed by 13.17% the S&P500.

Since August 17, 2017, it had 11 insider purchases, and 1 insider sale for $47,263 activity. On Wednesday, December 20 the insider MOORE RICHARD H bought $99,180.

In terms of Buy, Sell or Hold recommendations, First Bancorp (NYSE:FBP) has analysts' mean recommendation of 1.8. Therefore 33% are positive. Broadsoft had 30 analyst reports since November 5, 2015 according to SRatingsIntel. Five investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. (NASDAQ:FFBC) rating on Tuesday, July 25. As per Thursday, January 4, the company rating was upgraded by Citigroup. (NASDAQ:BSFT) on Tuesday, November 7 to "Market Perform" rating. Piper Jaffray maintained it with "Buy" rating and $9.0 target in Friday, October 6 report. The firm earned "Overweight" rating on Friday, April 8 by Piper Jaffray.

Continental Advisors Llc increased Align Technology Inc (Put) (NASDAQ:ALGN) stake by 10,600 shares to 15,600 valued at $2.91M in 2017Q3. First Commercial Bank reported 2.56% stake. Kroger Co (NYSE:KR) was raised too.

Investors sentiment decreased to 0.96 in 2017 Q3. Its up 2.66, from 1.61 in 2017Q2. It is positive, as 3 investors sold INBK shares while 12 reduced holdings. 27 funds opened positions while 80 raised stakes. Neil Chriss Hutchin Hill Capital Lp owns 63472 shares or 0.03% of its portfolio. Renaissance Technology Ltd has 0.01% invested in First Financial Bancorp. The Hamilton Lane Advisors Llc holds 326,948 shares with $2.87M value, down from 764,497 last quarter. Fmr Ltd Liability Corporation holds 7.92 million shares. Ontario - Canada-based Royal Retail Bank Of Canada has invested 0% in First Bancorp (NASDAQ:FBNC). Millennium Mngmt Ltd Liability Company holds 42,394 shares. Polar Capital Llp has invested 0.02% in BroadSoft, Inc. Signia Capital Management Llc owns 98,986 shares or 3.28% of their United States portfolio. First Tru Advsr Limited Partnership holds 31,458 shares.

First Bancorp (NYSE:FBP) closed February 08 at $5.77, down -14.39% or $0.97 from its record high price of $6.74. The institutional investor held 257,150 shares of the precious metals company at the end of 2017Q3, valued at $1.06 billion, down from 269,650 at the end of the previous reported quarter. Zacks Invest reported 206,175 shares. Alpine Woods Capital Investors Ltd Liability Co owns 10,000 shares or 0.01% of their U.S. portfolio. Aristotle Capital Boston Ltd, a Massachusetts-based fund reported 357,711 shares. (NASDAQ:MDLZ). Buckingham Asset Mngmt Lc stated it has 8,348 shares. The Company's Commercial and Corporate Banking segment offers commercial real estate and construction loans, and floor plan financings, as well as cash and business management services; and underwrites municipal securities, and other investment banking services. The company's beta value stood at 1.97. It operates through three divisions: Aviation, Marine, and Land. It has a 17.44 P/E ratio. The Aviation segment offers fuel management; price risk management; ground handling; dispatch services; and worldwide trip planning services, such as flight plans, weather reports, and overflight permits. However a year ago for the same quarter the company has reported $0.02 EPS. Maplelane reported 36,332 shares or 0.04% of all its holdings.

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