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 -5.12% downside from FBNC’s last price of $45.32) 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 -5.12% downside from FBNC's last price of $45.32.
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% | -5.12% |
| Jun 23, 2022 | - | Raymond James | $40.00 | $34.97 | 14.38% | -11.74% |
| May 02, 2022 | - | Raymond James | $44.00 | $37.46 | 17.46% | -2.91% |
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 -5.12% decrease from FBNC last price ($45.32).
First Bancorp Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | - | - | - |
| Avg Price Target | - | - | - |
| Last Closing Price | $45.32 | $45.32 | $45.32 |
| 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 $45.32. 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 26 | Sep 26 | Jun 26 | Mar 26 | 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 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | $99.88M | $101.22M | $106.02M | $645.00K | $479.00K | $704.00K | $780.00K | $87.75M | $73.94M | $77.95M | $73.14M | $74.08M | $74.23M | $75.08M | $67.44M | $66.03M | $68.75M |
| Avg Forecast | $144.12M | $137.86M | $131.88M | $126.16M | $109.92M | $108.63M | $105.55M | $102.83M | $101.11M | $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 |
| High Forecast | $144.84M | $138.55M | $132.54M | $126.79M | $110.47M | $109.17M | $106.07M | $103.35M | $101.62M | $98.35M | $94.22M | $95.87M | $99.10M | $101.43M | $107.68M | $113.86M | $104.88M | $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 |
| Low Forecast | $143.39M | $137.17M | $131.22M | $125.53M | $109.37M | $108.08M | $105.02M | $102.32M | $100.60M | $97.37M | $93.28M | $95.87M | $98.95M | $97.70M | $106.61M | $112.72M | $103.84M | $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 |
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 4 | 2 | 2 | 1 | 1 | 1 | 1 | 2 | 2 | 2 | 2 | 2 | 7 | 7 | 9 | 8 | 6 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.00% | 0.94% | 0.94% | 0.01% | 0.00% | 0.01% | 0.01% | 0.98% | 0.97% | 1.04% | 0.96% | 1.00% | 1.08% | 1.11% | 0.99% | 0.95% | 0.96% |
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 26 | Sep 26 | Jun 26 | Mar 26 | 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 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 4 | 2 | 2 | 1 | 1 | 1 | 1 | 2 | 2 | 2 | 2 | 2 | 7 | 7 | 9 | 8 | 6 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | $39.61M | $39.31M | $46.18M | $57.84M | $54.89M | $51.65M | $47.98M | $22.59M | $39.10M | $42.20M | $41.48M | $36.34M | $36.45M | $28.53M | $33.19M | $37.68M | $43.26M |
| Avg Forecast | $51.83M | $49.59M | $47.43M | $45.38M | $39.54M | $39.07M | $37.96M | $36.99M | $36.37M | $35.20M | $33.72M | $50.40M | $35.62M | $35.80M | $38.54M | $45.82M | $32.07M | $33.15M | $33.06M | $41.65M | $30.92M | $26.35M | $25.76M | $34.07M | $25.55M | $23.70M | $23.30M | $31.50M | $24.06M | $24.78M |
| High Forecast | $52.09M | $49.83M | $47.67M | $45.60M | $39.74M | $39.27M | $38.15M | $37.17M | $36.55M | $35.37M | $33.89M | $60.48M | $35.64M | $36.48M | $38.73M | $54.98M | $38.48M | $33.15M | $33.06M | $49.98M | $30.92M | $26.35M | $25.76M | $40.88M | $25.55M | $23.70M | $23.30M | $37.80M | $24.06M | $24.78M |
| Low Forecast | $51.57M | $49.34M | $47.20M | $45.15M | $39.34M | $38.88M | $37.77M | $36.80M | $36.18M | $35.02M | $33.55M | $40.32M | $35.59M | $35.14M | $38.34M | $36.65M | $25.65M | $33.15M | $33.06M | $33.32M | $30.92M | $26.35M | $25.76M | $27.25M | $25.55M | $23.70M | $23.30M | $25.20M | $24.06M | $24.78M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.11% | 1.02% | 1.01% | 1.80% | 1.66% | 1.56% | 1.15% | 0.73% | 1.48% | 1.64% | 1.22% | 1.42% | 1.54% | 1.22% | 1.05% | 1.57% | 1.75% |
2 analysts predict FBNC's average Quarter EBITDA for Dec 23 to be $35.62M, with a high of $35.64M and a low of $35.59M. This is -10.08% lower than First Bancorp's previous annual EBITDA (Sep 23) of $39.61M.
First Bancorp Net Income Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | 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 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 4 | 2 | 2 | 1 | 1 | 1 | 1 | 2 | 2 | 2 | 2 | 2 | 7 | 7 | 9 | 8 | 6 |
| Net Income | - | - | - | - | - | - | - | - | - | - | - | - | - | $29.89M | $29.40M | $15.16M | $38.43M | $37.95M | $36.59M | $33.97M | $10.52M | $27.64M | $29.29M | $28.19M | $23.65M | $23.30M | $16.35M | $18.18M | $20.88M | $25.02M |
| Avg Forecast | $32.68M | $32.68M | $31.44M | $29.78M | $33.37M | $33.37M | $31.58M | $30.20M | $29.78M | $29.09M | $24.61M | $35.68M | $26.99M | $28.05M | $30.03M | $32.44M | $14.94M | $40.33M | $39.28M | $29.49M | $18.46M | $39.86M | $38.03M | $23.16M | $31.77M | $18.22M | $13.86M | $17.26M | $32.27M | $33.09M |
| High Forecast | $32.89M | $32.89M | $31.64M | $29.98M | $33.59M | $33.59M | $31.78M | $31.83M | $31.03M | $29.13M | $24.77M | $42.82M | $28.63M | $30.11M | $30.23M | $38.93M | $17.92M | $40.33M | $39.28M | $35.39M | $18.46M | $39.86M | $39.88M | $27.79M | $31.77M | $18.22M | $13.86M | $20.71M | $32.27M | $33.09M |
| Low Forecast | $32.47M | $32.47M | $31.23M | $29.59M | $33.15M | $33.15M | $31.37M | $28.16M | $28.54M | $29.06M | $24.45M | $28.55M | $25.76M | $26.40M | $29.84M | $25.95M | $11.95M | $40.33M | $39.28M | $23.59M | $18.46M | $39.86M | $36.18M | $18.53M | $31.77M | $18.22M | $13.86M | $13.80M | $32.27M | $33.09M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.07% | 0.98% | 0.47% | 2.57% | 0.94% | 0.93% | 1.15% | 0.57% | 0.69% | 0.77% | 1.22% | 0.74% | 1.28% | 1.18% | 1.05% | 0.65% | 0.76% |
First Bancorp's average Quarter net income forecast for Dec 23 is $26.99M, with a range of $25.76M to $28.63M. FBNC's average Quarter net income forecast represents a -9.71% decrease compared to the company's last Quarter net income of $29.89M (Sep 23).
First Bancorp SG&A Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | 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 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 4 | 2 | 2 | 1 | 1 | 1 | 1 | 2 | 2 | 2 | 2 | 2 | 7 | 7 | 9 | 8 | 6 |
| SG&A | - | - | - | - | - | - | - | - | - | - | - | - | - | $35.93M | $34.84M | $35.71M | $30.00M | $28.57M | $30.11M | $29.03M | $28.18M | $25.10M | $25.27M | $24.70M | $25.81M | $26.05M | $24.45M | $24.66M | $24.29M | $23.98M |
| Avg Forecast | $45.80M | $43.82M | $41.91M | $40.10M | $34.94M | $34.52M | $33.54M | $32.68M | $32.13M | $31.10M | $29.79M | $30.50M | $31.47M | $31.63M | $34.05M | $27.72M | $40.00M | $30.59M | $30.51M | $25.20M | $28.53M | $24.32M | $23.78M | $20.29M | $23.58M | $21.87M | $21.50M | $23.40M | $22.20M | $22.87M |
| High Forecast | $46.03M | $44.04M | $42.13M | $40.30M | $35.11M | $34.70M | $33.71M | $32.85M | $32.30M | $31.26M | $29.94M | $36.60M | $31.49M | $32.24M | $34.22M | $33.27M | $48.00M | $30.59M | $30.51M | $30.24M | $28.53M | $24.32M | $23.78M | $24.35M | $23.58M | $21.87M | $21.50M | $28.08M | $22.20M | $22.87M |
| Low Forecast | $45.57M | $43.60M | $41.70M | $39.90M | $34.76M | $34.35M | $33.38M | $32.52M | $31.97M | $30.95M | $29.65M | $24.40M | $31.45M | $31.05M | $33.88M | $22.18M | $32.00M | $30.59M | $30.51M | $20.16M | $28.53M | $24.32M | $23.78M | $16.23M | $23.58M | $21.87M | $21.50M | $18.72M | $22.20M | $22.87M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.14% | 1.02% | 1.29% | 0.75% | 0.93% | 0.99% | 1.15% | 0.99% | 1.03% | 1.06% | 1.22% | 1.09% | 1.19% | 1.14% | 1.05% | 1.09% | 1.05% |
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 26 | Sep 26 | Jun 26 | Mar 26 | 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 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 4 | 2 | 2 | 1 | 1 | 1 | 1 | 2 | 2 | 2 | 2 | 2 | 7 | 7 | 9 | 8 | 6 |
| EPS | - | - | - | - | - | - | - | - | - | - | - | - | - | $0.73 | $0.72 | $0.37 | $1.08 | $1.06 | $1.03 | $0.95 | $0.30 | $0.97 | $1.03 | $0.99 | $0.83 | $0.81 | $0.56 | $0.63 | $0.71 | $0.85 |
| Avg Forecast | $0.79 | $0.79 | $0.76 | $0.72 | $0.81 | $0.81 | $0.76 | $0.73 | $0.72 | $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 |
| High Forecast | $0.80 | $0.80 | $0.76 | $0.72 | $0.81 | $0.81 | $0.77 | $0.77 | $0.75 | $0.70 | $0.60 | $0.63 | $0.69 | $0.73 | $0.73 | $0.80 | $1.05 | $0.98 | $0.95 | $0.87 | $0.45 | $0.97 | $0.97 | $0.87 | $0.77 | $0.44 | $0.34 | $0.56 | $0.78 | $0.80 |
| Low Forecast | $0.78 | $0.78 | $0.76 | $0.72 | $0.80 | $0.80 | $0.76 | $0.68 | $0.69 | $0.70 | $0.59 | $0.63 | $0.62 | $0.64 | $0.72 | $0.79 | $1.04 | $0.98 | $0.95 | $0.87 | $0.45 | $0.97 | $0.88 | $0.87 | $0.77 | $0.44 | $0.34 | $0.56 | $0.78 | $0.80 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.08% | 0.99% | 0.47% | 1.04% | 1.08% | 1.08% | 1.09% | 0.67% | 1.00% | 1.12% | 1.14% | 1.07% | 1.84% | 1.68% | 1.11% | 0.90% | 1.05% |
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 |
|---|---|---|---|---|---|
| HTBI | HomeTrust Bancshares | $37.17 | $42.00 | 12.99% | Buy |
| FRME | First Merchants | $42.86 | $46.00 | 7.33% | Buy |
| NBHC | National Bank | $47.24 | $50.00 | 5.84% | Hold |
| FFNW | First Financial Northwest | $22.25 | $23.50 | 5.62% | Hold |
| FNWB | First Northwest Bancorp | $10.50 | $11.00 | 4.76% | Hold |
| HBCP | Home Bancorp | $48.43 | $50.00 | 3.24% | Buy |
| GSBC | Great Southern Bancorp | $61.69 | $62.00 | 0.50% | Hold |
| IBCP | Independent Bank | $37.29 | $35.50 | -4.80% | Buy |
| FBNC | First Bancorp | $45.32 | $43.00 | -5.12% | Buy |
| FBIZ | First Business Financial Services | $49.95 | $45.00 | -9.91% | Buy |