First Bancorp Price & Performance (FBNC)

Stephens & Co. has initiated coverage on First Bancorp (FBNC) with an "Overweight" rating, suggesting a potential upside of 27.69% from its current share price. Analysts forecast an average price target of $52.53 per share, with potential revenue growth of 59.04% for the year.1

G. Adam Currie has been promoted to CEO of First Bank, a subsidiary of First Bancorp (FBNC), succeeding Michael G. Mayer. This leadership change is part of a long-term succession plan. First Bancorp operates 113 branches across the Carolinas with total assets of $12.2 billion.2

Proficio Capital Partners LLC recently purchased 14,113 shares of First Bancorp (FNLC), valued at $386,000. Institutional investors, including SG Americas Securities and Rhumbline Advisers, have also increased their holdings, signaling growing interest in the bank's stock.3