First Bancorp (NASDAQ: FBNC) is one of 301 publicly-traded companies in the “Banks” industry, but how does it weigh in compared to its competitors? We will compare First Bancorp to similar companies based on the strength of its profitability, valuation, institutional ownership, risk, dividends, analyst recommendations and earnings.
Institutional & Insider Ownership
56.5% of First Bancorp shares are owned by institutional investors. Comparatively, 52.2% of shares of all “Banks” companies are owned by institutional investors. 2.4% of First Bancorp shares are owned by insiders. Comparatively, 10.4% of shares of all “Banks” companies are owned by insiders. Strong institutional ownership is an indication that endowments, large money managers and hedge funds believe a company will outperform the market over the long term.
This table compares First Bancorp and its competitors’ net margins, return on equity and return on assets.
|Net Margins||Return on Equity||Return on Assets|
|First Bancorp Competitors||18.64%||8.40%||0.95%|
First Bancorp pays an annual dividend of $0.32 per share and has a dividend yield of 0.9%. First Bancorp pays out 18.6% of its earnings in the form of a dividend. As a group, “Banks” companies pay a dividend yield of 1.9% and pay out 34.6% of their earnings in the form of a dividend.
Volatility & Risk
First Bancorp has a beta of 1.09, suggesting that its share price is 9% more volatile than the S&P 500. Comparatively, First Bancorp’s competitors have a beta of 0.80, suggesting that their average share price is 20% less volatile than the S&P 500.
This is a breakdown of recent ratings and price targets for First Bancorp and its competitors, as provided by MarketBeat.
|Sell Ratings||Hold Ratings||Buy Ratings||Strong Buy Ratings||Rating Score|
|First Bancorp Competitors||2187||8435||8433||333||2.36|
First Bancorp presently has a consensus target price of $35.33, suggesting a potential downside of 2.37%. As a group, “Banks” companies have a potential downside of 7.15%. Given First Bancorp’s stronger consensus rating and higher probable upside, equities analysts plainly believe First Bancorp is more favorable than its competitors.
Valuation & Earnings
This table compares First Bancorp and its competitors top-line revenue, earnings per share (EPS) and valuation.
|Gross Revenue||Net Income||Price/Earnings Ratio|
|First Bancorp||$156.54 million||$27.50 million||21.04|
|First Bancorp Competitors||$5.50 billion||$827.87 million||390.69|
First Bancorp’s competitors have higher revenue and earnings than First Bancorp. First Bancorp is trading at a lower price-to-earnings ratio than its competitors, indicating that it is currently more affordable than other companies in its industry.
First Bancorp beats its competitors on 9 of the 15 factors compared.
About First Bancorp
First Bancorp is the bank holding company for First Bank (the Bank). The Company’s principal activity is the ownership and operation of First Bank. The Bank engages in a range of banking activities, including the acceptance of deposits and the making of loans. The Bank offers credit cards, debit cards, letters of credit, safe deposit box rentals and electronic funds transfer services, including wire transfers. In addition, the Bank offers Internet banking, mobile banking, cash management and bank-by-phone capabilities to its customers. It also offers a mobile check deposit feature for its mobile banking customers to deposit checks through their smartphone. The Bank offers remote deposit capture for its business customers. The Company provides loans for a range of consumer and commercial purposes, including loans for business, agriculture, real estate, personal uses, home improvement and automobiles.
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