First Bancorp Intrinsic Value Calculator – Janney Montgomery Scott LLC Purchases New Stake in First Bancorp During 4th Quarter
May 6, 2023
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Janney Montgomery Scott LLC recently disclosed in its filing with the Securities and Exchange Commission that it had purchased a stake in First Bancorp ($NASDAQ:FBNC) during the fourth quarter. First Bancorp is a financial services holding company based in North Carolina, USA. It operates through its banking subsidiary, First Bank, which provides financial products and services to individuals, small businesses and commercial customers across the United States. The bank has an impressive track record of profitability and is well-positioned to continue to grow in the coming years.
It has a market capitalization of over $2 billion and is among the top ten banks in North Carolina by total asset size. Janney Montgomery Scott LLC’s decision to invest in First Bancorp’s shares suggests that it believes the stock has potential for growth in the future. With its strong track record of success, its presence in multiple states across the US, and its large market capitalization, this stock is an attractive option for investors looking to diversify their portfolios with a financial services company.
Share Price
On Friday, the stock opened at $28.7 and closed at $29.1, a 4.3% surge from its previous closing price of $27.9. This marked an important purchase of shares by Janney Montgomery Scott LLC in FIRST BANCORP, which has been trading publicly on the New York Stock Exchange since earlier this year. The investment signals a positive outlook for the company and its future prospects. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for First Bancorp. More…
| Total Revenues | Net Income | Net Margin |
| – | 127.55 | – |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for First Bancorp. More…
| Operations | Investing | Financing |
| 230.65 | -713.36 | 291.86 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for First Bancorp. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 12.36k | 11.06k | – |
Key Ratios Snapshot
Some of the financial key ratios for First Bancorp are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 12.7% | – | – |
| FCF Margin | ROE | ROA |
| – | – | – |
Analysis – First Bancorp Intrinsic Value Calculator
At GoodWhale, we have conducted a fundamental analysis on FIRST BANCORP‘s performance and financials. Based on our proprietary Valuation Line, the fair value of FIRST BANCORP’s share is estimated to be around $35.2. We find that the current market price of $29.1 is a fair price but is undervalued by 17.4%. Thus, investors could consider FIRST BANCORP as a good buying opportunity given the stock is trading at a discount. More…
Peers
The company operates more than 2,000 branch offices and 4,700 ATMs across the country. First Bancorp is a member of the Federal Reserve System and is regulated by the Office of the Comptroller of the Currency. The company’s primary competitors are Mountain Commerce Bancorp Inc, Citizens Bancshares Corp, and BCB Bancorp Inc.
– Mountain Commerce Bancorp Inc ($OTCPK:MCBI)
Mountain Commerce Bancorp Inc is a bank holding company that operates through its subsidiary, Mountain Commerce Bank. The bank offers a range of banking services for individuals and businesses, including checking and savings accounts, loans, and credit cards. The company has a market cap of 170.53M as of 2022.
– Citizens Bancshares Corp ($OTCPK:CZBS)
Citizens Bancshares Corp is a bank holding company. The Company, through its subsidiaries, provides a range of banking services to individual and corporate customers. These services include personal and commercial banking, loans, mortgages, credit cards, and investment management.
– BCB Bancorp Inc ($NASDAQ:BCBP)
BCB Bancorp Inc., a bank holding company, provides banking products and services to retail, commercial, and industrial customers in the United States. The company operates in two segments, Banking and Mortgage Banking. It offers various deposit products, including checking accounts, money market accounts, savings accounts, certificates of deposit, and individual retirement accounts. The company also provides loans, such as commercial real estate loans, construction loans, residential mortgage loans, home equity lines of credit, and term loans. In addition, it offers other services, such as safe deposit box rentals, ATM banking, night depository services, direct deposit of payroll and Social Security, and telephone and Internet banking services. As of December 31, 2020, the company operated 39 banking offices in central and northern New Jersey. BCB Bancorp Inc. was founded in 1868 and is headquartered in Bayonne, New Jersey.
Summary
Investors seem to be bullish on First Bancorp as Janney Montgomery Scott LLC recently purchased a new stake in the company’s shares. This is a strong sign of confidence in the company, and it appears to have paid off as the stock price rose on the same day. Analysts believe that this move signals a positive outlook for the company going forward, and investors should keep a close watch on the company’s performance to see if this trend continues. This could be a good opportunity for those looking to invest in a promising institution.
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