First Bancorp traded at $65.35 this Wednesday July 1st, increasing $1.42 or 2.22 percent since the previous trading session. Looking back, over the last four weeks, First Bancorp gained 10.04 percent. Over the last 12 months, its price rose by 39.47 percent. Looking ahead, we forecast First Bancorp to be priced at 62.21 by the end of this quarter and at 58.41 in one year, according to Trading Economics global macro models projections and analysts expectations.
First Bancorp is a bank holding company. The Company offers deposit products, such as checking, savings and money market accounts, as well as time deposits, including various types of certificates of deposits (CDs) and individual retirement accounts (IRAs). It provides loans for a range of consumer and commercial purposes, including loans for business, real estate, personal uses, home improvement and automobiles. It offers residential mortgages through its Mortgage Banking Division and it offers Small Business Administration (SBA) loans to small business owners across the nation through its SBA Lending Division. It offers accounts receivable financing and factoring, inventory financing, and purchase order financing through Magnolia Financial, as well as credit cards, debit cards, letters of credit, safe deposit box rentals and electronic funds transfer services, including wire transfers. In addition, it offers Internet banking, mobile banking, cash management and bank-by-phone.