First Bancorp (FBNC) Stock Forecast, Price Target & Predictions
FBNC Stock Forecast
First Bancorp stock forecast is as follows: an average price target of $43.00 (represents a 1.34% upside from FBNC’s last price of $42.43) and a rating consensus of 'Buy', based on 2 wall street analysts offering a 1-year stock forecast.
FBNC Price Target
The average price target for First Bancorp (FBNC) is $43.00 based on 1-year price targets from 2 Wall Street analysts in the past 3 months, with a price target range of $43.00 to $43.00. This represents a potential 1.34% upside from FBNC's last price of $42.43.
FBNC Analyst Ratings
According to 2 Wall Street analysts, First Bancorp's rating consensus is 'Buy'. The analyst rating breakdown for FBNC stock is 0 'Strong Buy' (0.00%), 2 'Buy' (100.00%), 0 'Hold' (0.00%), 0 'Sell' (0.00%), and 0 'Strong Sell' (0.00%).
First Bancorp Price Target by Analyst
| Date | Analyst | Company | Price Target | Price when Published | Price Target/Price when Published | Price Target/Last Closing Price |
|---|---|---|---|---|---|---|
| Aug 01, 2022 | - | Raymond James | $43.00 | $37.88 | 13.52% | 1.34% |
| Jun 23, 2022 | - | Raymond James | $40.00 | $34.97 | 14.38% | -5.73% |
| May 02, 2022 | - | Raymond James | $44.00 | $37.46 | 17.46% | 3.70% |
The latest First Bancorp stock forecast, released on Aug 01, 2022 by Raymond James company, set a price target of $43.00, which represents a 13.52% increase from the stock price at the time of the forecast ($37.88), and a 1.34% increase from FBNC last price ($42.43).
First Bancorp Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | - | - | - |
| Avg Price Target | - | - | - |
| Last Closing Price | $42.43 | $42.43 | $42.43 |
| Upside/Downside | -100.00% | -100.00% | -100.00% |
In the current month, the average price target of First Bancorp stock is -, according to 0 Wall Street analyst offering twelve months forecast. The average price target represents a -100.00% decrease as opposed to First Bancorp's last price of $42.43. This month's average price target is down NaN% compared to last quarter, and down NaN% compared to last year.
Analyst Ratings Upgrades/Downgrades
| Date | Company | Previous Rating | New Rating | Rating Change |
|---|---|---|---|---|
| Sep 14, 2023 | Raymond James | Outperform | Buy | Upgrade |
| Aug 18, 2022 | Piper Sandler | - | Overweight | Upgrade |
| Aug 01, 2022 | Raymond James | Outperform | Outperform | Hold |
| Jun 23, 2022 | Raymond James | Outperform | Outperform | Hold |
| May 02, 2022 | Raymond James | Outperform | Outperform | Hold |
| Feb 28, 2022 | Raymond James | - | Outperform | Initialise |
First Bancorp's last stock rating was published by Raymond James on Sep 14, 2023. The company Upgrade its FBNC rating from "Outperform" to "Buy".
First Bancorp Financial Forecast
First Bancorp Revenue Forecast
| Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jul 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | Jun 19 | Mar 19 | Dec 18 | Sep 18 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | - | $99.88M | $101.22M | $106.02M | $645.00K | $479.00K | - | $780.00K | $87.75M | $73.94M | $77.95M | $73.14M | $74.08M | $74.23M | $75.08M | $67.44M | $66.03M | $68.75M | $69.48M | $66.67M | $67.13M | $65.93M |
| Avg Forecast | $102.00M | $100.00M | $98.00M | $96.00M | $98.99M | $97.86M | $93.75M | $95.87M | $99.03M | $99.53M | $107.14M | $113.29M | $104.36M | $96.25M | $96.00M | $92.70M | $89.78M | $76.52M | $74.81M | $76.00M | $74.20M | $68.81M | $67.65M | $68.38M | $69.87M | $71.95M | $70.47M | $68.15M | $64.51M | $67.02M |
| High Forecast | $102.90M | $100.88M | $98.86M | $96.84M | $99.86M | $98.72M | $94.57M | $96.72M | $99.10M | $101.43M | $108.09M | $114.29M | $105.28M | $97.10M | $96.00M | $93.36M | $90.42M | $77.06M | $75.34M | $76.53M | $74.72M | $69.30M | $68.13M | $68.87M | $70.36M | $72.46M | $70.96M | $68.63M | $77.41M | $80.42M |
| Low Forecast | $101.10M | $99.12M | $97.14M | $95.16M | $98.12M | $97.00M | $92.92M | $95.03M | $98.95M | $97.70M | $106.20M | $112.30M | $103.44M | $95.41M | $96.00M | $92.05M | $89.15M | $75.98M | $74.28M | $75.46M | $73.67M | $68.32M | $67.17M | $67.90M | $69.37M | $71.44M | $69.97M | $67.67M | $51.61M | $53.62M |
| # Analysts | - | - | - | - | - | 1 | - | 1 | 2 | 4 | 2 | 2 | 1 | 1 | 1 | 2 | 3 | 2 | 2 | 9 | 6 | 5 | 10 | 8 | 4 | 4 | 8 | 6 | 11 | 16 |
| Surprise % | - | - | - | - | - | - | - | - | - | 1.00% | 0.94% | 0.94% | 0.01% | 0.00% | - | 0.01% | 0.98% | 0.97% | 1.04% | 0.96% | 1.00% | 1.08% | 1.11% | 0.99% | 0.95% | 0.96% | 0.99% | 0.98% | 1.04% | 0.98% |
First Bancorp's average Quarter revenue forecast for Dec 23 based on 2 analysts is $99.03M, with a low forecast of $98.95M, and a high forecast of $99.10M. FBNC's average Quarter revenue forecast represents a -0.85% decrease compared to the company's last Quarter revenue of $99.88M (Sep 23).
First Bancorp EBITDA Forecast
| Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jul 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | Jun 19 | Mar 19 | Dec 18 | Sep 18 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | - | - | - | - | - | 1 | - | 1 | 2 | 4 | 2 | 2 | 1 | 1 | 1 | 2 | 3 | 2 | 2 | 9 | 6 | 5 | 10 | 8 | 4 | 4 | 8 | 6 | 11 | 16 |
| EBITDA | - | - | - | - | - | - | - | - | - | $39.61M | $39.31M | $46.18M | $57.84M | $54.89M | - | $47.98M | $22.59M | $39.10M | $42.20M | $41.48M | $36.34M | $36.45M | $28.53M | $33.19M | $37.68M | $43.26M | $41.98M | $39.81M | $40.59M | $37.49M |
| Avg Forecast | $35.13M | $34.44M | $33.75M | $33.06M | $34.09M | $33.70M | $32.29M | $50.40M | $34.10M | $34.28M | $36.90M | $45.82M | $35.94M | $41.16M | $33.06M | $41.65M | $29.15M | $37.42M | $37.67M | $34.07M | $32.99M | $35.37M | $21.39M | $31.50M | $41.06M | $41.10M | $40.34M | $37.57M | $38.36M | $37.49M |
| High Forecast | $35.44M | $34.74M | $34.05M | $33.35M | $34.39M | $34.00M | $32.57M | $60.48M | $34.13M | $34.93M | $37.22M | $54.98M | $36.26M | $49.39M | $33.06M | $49.98M | $34.98M | $44.90M | $45.20M | $40.88M | $39.59M | $42.45M | $25.67M | $37.80M | $49.27M | $49.32M | $48.41M | $45.09M | $46.03M | $44.98M |
| Low Forecast | $34.82M | $34.14M | $33.45M | $32.77M | $33.79M | $33.41M | $32.00M | $40.32M | $34.08M | $33.65M | $36.57M | $36.65M | $35.62M | $32.93M | $33.06M | $33.32M | $23.32M | $29.93M | $30.13M | $27.25M | $26.39M | $28.30M | $17.12M | $25.20M | $32.85M | $32.88M | $32.27M | $30.06M | $30.69M | $29.99M |
| Surprise % | - | - | - | - | - | - | - | - | - | 1.16% | 1.07% | 1.01% | 1.61% | 1.33% | - | 1.15% | 0.77% | 1.04% | 1.12% | 1.22% | 1.10% | 1.03% | 1.33% | 1.05% | 0.92% | 1.05% | 1.04% | 1.06% | 1.06% | 1.00% |
2 analysts predict FBNC's average Quarter EBITDA for Dec 23 to be $34.10M, with a high of $34.13M and a low of $34.08M. This is -13.90% lower than First Bancorp's previous annual EBITDA (Sep 23) of $39.61M.
First Bancorp Net Income Forecast
| Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jul 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | Jun 19 | Mar 19 | Dec 18 | Sep 18 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | - | - | - | - | - | 1 | - | 1 | 2 | 4 | 2 | 2 | 1 | 1 | 1 | 2 | 3 | 2 | 2 | 9 | 6 | 5 | 10 | 8 | 4 | 4 | 8 | 6 | 11 | 16 |
| Net Income | - | - | - | - | - | - | - | - | - | $29.89M | $29.40M | $15.16M | $38.43M | $37.95M | - | $33.97M | $10.52M | $27.64M | $29.29M | $28.19M | $23.65M | $23.30M | $16.35M | $18.18M | $20.88M | $25.02M | $23.86M | $22.29M | $23.89M | $21.99M |
| Avg Forecast | $31.15M | $30.53M | $28.88M | $27.85M | $28.88M | $29.09M | $24.55M | $35.68M | $26.92M | $27.98M | $29.96M | $32.44M | $43.00M | $29.10M | $39.27M | $29.49M | $13.58M | $26.45M | $26.14M | $23.16M | $21.47M | $22.61M | $12.26M | $17.26M | $22.76M | $23.77M | $22.93M | $21.03M | $22.59M | $21.99M |
| High Forecast | $31.51M | $30.88M | $29.21M | $28.17M | $29.21M | $29.51M | $24.83M | $42.82M | $28.56M | $30.03M | $30.30M | $38.93M | $43.49M | $34.92M | $39.27M | $35.39M | $16.30M | $31.74M | $31.36M | $27.79M | $25.76M | $27.13M | $14.72M | $20.71M | $27.31M | $28.52M | $27.52M | $25.24M | $27.10M | $26.39M |
| Low Forecast | $30.80M | $30.19M | $28.55M | $27.53M | $28.55M | $28.26M | $24.27M | $28.55M | $25.70M | $26.33M | $29.61M | $25.95M | $42.50M | $23.28M | $39.27M | $23.59M | $10.86M | $21.16M | $20.91M | $18.53M | $17.18M | $18.09M | $9.81M | $13.80M | $18.21M | $19.01M | $18.34M | $16.82M | $18.07M | $17.59M |
| Surprise % | - | - | - | - | - | - | - | - | - | 1.07% | 0.98% | 0.47% | 0.89% | 1.30% | - | 1.15% | 0.77% | 1.04% | 1.12% | 1.22% | 1.10% | 1.03% | 1.33% | 1.05% | 0.92% | 1.05% | 1.04% | 1.06% | 1.06% | 1.00% |
First Bancorp's average Quarter net income forecast for Dec 23 is $26.92M, with a range of $25.70M to $28.56M. FBNC's average Quarter net income forecast represents a -9.93% decrease compared to the company's last Quarter net income of $29.89M (Sep 23).
First Bancorp SG&A Forecast
| Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jul 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | Jun 19 | Mar 19 | Dec 18 | Sep 18 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | - | - | - | - | - | 1 | - | 1 | 2 | 4 | 2 | 2 | 1 | 1 | 1 | 2 | 3 | 2 | 2 | 9 | 6 | 5 | 10 | 8 | 4 | 4 | 8 | 6 | 11 | 16 |
| SG&A | - | - | - | - | - | - | - | - | - | $35.93M | $34.84M | $35.71M | $30.00M | $28.57M | - | $29.03M | $28.18M | $25.10M | $25.27M | $24.70M | $25.81M | $26.05M | $24.45M | $24.66M | $24.29M | $23.98M | $24.15M | $23.55M | $22.60M | $22.83M |
| Avg Forecast | $32.42M | $31.78M | $31.15M | $30.51M | $31.46M | $31.10M | $29.79M | $30.50M | $31.47M | $31.63M | $34.05M | $27.72M | $33.17M | $26.42M | $30.51M | $25.20M | $36.36M | $24.02M | $22.55M | $20.29M | $23.44M | $25.28M | $18.34M | $23.40M | $26.47M | $22.78M | $23.21M | $22.23M | $21.36M | $22.83M |
| High Forecast | $32.70M | $32.06M | $31.42M | $30.78M | $31.74M | $31.38M | $30.06M | $36.60M | $31.49M | $32.24M | $34.35M | $33.27M | $33.46M | $31.70M | $30.51M | $30.24M | $43.63M | $28.82M | $27.06M | $24.35M | $28.12M | $30.33M | $22.01M | $28.08M | $31.77M | $27.33M | $27.85M | $26.67M | $25.63M | $27.40M |
| Low Forecast | $32.13M | $31.50M | $30.87M | $30.24M | $31.19M | $30.83M | $29.53M | $24.40M | $31.45M | $31.05M | $33.75M | $22.18M | $32.88M | $21.14M | $30.51M | $20.16M | $29.09M | $19.21M | $18.04M | $16.23M | $18.75M | $20.22M | $14.67M | $18.72M | $21.18M | $18.22M | $18.57M | $17.78M | $17.09M | $18.27M |
| Surprise % | - | - | - | - | - | - | - | - | - | 1.14% | 1.02% | 1.29% | 0.90% | 1.08% | - | 1.15% | 0.77% | 1.04% | 1.12% | 1.22% | 1.10% | 1.03% | 1.33% | 1.05% | 0.92% | 1.05% | 1.04% | 1.06% | 1.06% | 1.00% |
First Bancorp's average Quarter SG&A projection for Dec 23 is $31.47M, based on 2 Wall Street analysts, with a range of $31.45M to $31.49M. The forecast indicates a -12.41% fall compared to FBNC last annual SG&A of $35.93M (Sep 23).
First Bancorp EPS Forecast
| Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jul 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | Jun 19 | Mar 19 | Dec 18 | Sep 18 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | - | - | - | - | - | 1 | - | 1 | 2 | 4 | 2 | 2 | 1 | 1 | 1 | 2 | 3 | 2 | 2 | 9 | 6 | 5 | 10 | 8 | 4 | 4 | 8 | 6 | 11 | 16 |
| EPS | - | - | - | - | - | - | - | - | - | $0.73 | $0.72 | $0.37 | $1.08 | $1.06 | - | $0.95 | $0.30 | $0.97 | $1.03 | $0.99 | $0.83 | $0.81 | $0.56 | $0.63 | $0.71 | $0.85 | $0.80 | $0.75 | $0.81 | $0.74 |
| Avg Forecast | $0.76 | $0.74 | $0.70 | $0.68 | $0.70 | $0.70 | $0.59 | $0.63 | $0.65 | $0.68 | $0.73 | $0.80 | $1.04 | $0.98 | $0.95 | $0.87 | $0.45 | $0.97 | $0.92 | $0.87 | $0.77 | $0.44 | $0.34 | $0.56 | $0.78 | $0.80 | $0.78 | $0.71 | $0.69 | $0.75 |
| High Forecast | $0.76 | $0.75 | $0.71 | $0.68 | $0.71 | $0.72 | $0.60 | $0.64 | $0.69 | $0.73 | $0.73 | $0.80 | $1.05 | $0.99 | $0.95 | $0.88 | $0.45 | $0.97 | $0.93 | $0.87 | $0.78 | $0.45 | $0.34 | $0.57 | $0.79 | $0.81 | $0.79 | $0.72 | $0.83 | $0.90 |
| Low Forecast | $0.75 | $0.73 | $0.69 | $0.67 | $0.69 | $0.68 | $0.59 | $0.62 | $0.62 | $0.64 | $0.72 | $0.79 | $1.03 | $0.97 | $0.95 | $0.86 | $0.44 | $0.96 | $0.91 | $0.86 | $0.76 | $0.44 | $0.33 | $0.56 | $0.77 | $0.79 | $0.77 | $0.70 | $0.55 | $0.60 |
| Surprise % | - | - | - | - | - | - | - | - | - | 1.08% | 0.99% | 0.47% | 1.04% | 1.08% | - | 1.09% | 0.67% | 1.00% | 1.12% | 1.14% | 1.07% | 1.84% | 1.68% | 1.11% | 0.90% | 1.05% | 1.03% | 1.06% | 1.17% | 0.99% |
According to 2 Wall Street analysts, First Bancorp's projected average Quarter EPS for Dec 23 is $0.65, with a low estimate of $0.62 and a high estimate of $0.69. This represents a -10.62% decrease compared to FBNC previous annual EPS of $0.73 (Sep 23).
First Bancorp Peer Comparison by Price Target
| Ticker | Company | Last Closing Price | Avg Price Target | Upside/Downside | Avg Rating |
|---|---|---|---|---|---|
| FRME | First Merchants | $36.73 | $47.50 | 29.32% | Buy |
| HTBI | HomeTrust Bancshares | $35.29 | $42.00 | 19.01% | Buy |
| NBHC | National Bank | $41.17 | $47.67 | 15.79% | Hold |
| IBCP | Independent Bank | $33.62 | $35.75 | 6.34% | Buy |
| FNWB | First Northwest Bancorp | $10.82 | $11.50 | 6.28% | Hold |
| FBIZ | First Business Financial Services | $43.24 | $45.00 | 4.07% | Buy |
| FFNW | First Financial Northwest | $22.68 | $23.50 | 3.62% | Hold |
| FBNC | First Bancorp | $42.43 | $43.00 | 1.34% | Buy |
FBNC Forecast FAQ
Is First Bancorp a good buy?
Yes, according to 2 Wall Street analysts, First Bancorp (FBNC) is considered a 'Buy'. The rating consensus is based on 0 'Strong Buy' and 2 'Buy' recommendations, accounting for 100.00% of FBNC's total ratings.
What is FBNC's price target?
First Bancorp (FBNC) average price target is $43 with a range of $43 to $43, implying a 1.34% from its last price of $42.43. The data is based on 2 Wall Street analysts who provided a twelve-month price target estimate in the last three months.
Will First Bancorp stock go up soon?
According to Wall Street analysts' prediction for FBNC stock, the company can go up by 1.34% (from the last price of $42.43 to the average price target of $43), up by 1.34% based on the highest stock price target, and up by 1.34% based on the lowest stock price target.
Can First Bancorp stock reach $60?
FBNC's average twelve months analyst stock price target of $43 does not support the claim that First Bancorp can reach $60 in the near future.
What are First Bancorp's analysts' financial forecasts?
First Bancorp's analysts financial forecasts for the fiscal year (Dec 2024) are as follows: average revenue is $386.47M (high $389.87M, low $383.08M), average EBITDA is $150.48M (high $161.44M, low $139.52M), average net income is $118.21M (high $126.37M, low $109.63M), average SG&A $122.86M (high $129.77M, low $115.94M), and average EPS is $2.63 (high $2.66, low $2.59). FBNC's analysts financial forecasts for the fiscal year (Dec 2025) are as follows: average revenue is $396M (high $399.48M, low $392.52M), average EBITDA is $136.38M (high $137.58M, low $135.18M), average net income is $118.42M (high $119.78M, low $117.07M), average SG&A $125.86M (high $126.96M, low $124.75M), and average EPS is $2.87 (high $2.9, low $2.84).
Did the FBNC's actual financial results beat the analysts' financial forecasts?
Based on First Bancorp's last annual report (Dec 2022), the company's revenue was $2.61M, which missed the average analysts forecast of $389.32M by -99.33%. Apple's EBITDA was $205.01M, beating the average prediction of $151.81M by 35.04%. The company's net income was $146.94M, beating the average estimation of $140.85M by 4.32%. Apple's SG&A was $117.72M, beating the average forecast of $115.3M by 2.09%. Lastly, the company's EPS was $4.12, beating the average prediction of $3.84 by 7.20%. In terms of the last quarterly report (Sep 2023), First Bancorp's revenue was $99.88M, beating the average analysts' forecast of $99.53M by 0.35%. The company's EBITDA was $39.61M, beating the average prediction of $34.28M by 15.56%. First Bancorp's net income was $29.89M, beating the average estimation of $27.98M by 6.85%. The company's SG&A was $35.93M, beating the average forecast of $31.63M by 13.60%. Lastly, the company's EPS was $0.73, beating the average prediction of $0.678 by 7.67%