Analyst Price Target is $51.00
▲ +18.36% Upside Potential
This price target is based on 5 analysts offering 12 month price targets for First Bancorp in the last 3 months. The average price target is $51.00, with a high forecast of $51.00 and a low forecast of $51.00. The average price target represents a 18.36% upside from the last price of $43.09.
Current Consensus is
The current consensus among 5 contributing investment analysts is to hold stock in First Bancorp. This rating has held steady since January 2021, when it changed from a Buy consensus rating.
First Bancorp operates as the bank holding company for First Bank that provides banking products and services for individuals and small to medium-sized businesses primarily in North Carolina and northeastern South Carolina. It accepts deposit products, such as checking, savings, and money market accounts, as well as time deposits, including certificate of deposits and individual retirement accounts. The company also offers loans for a range of consumer and commercial purposes comprising loans for business, real estate, personal, home improvement, and automobiles, as well as residential mortgages and small business administration loans. In addition, it provides credit and debit cards, letter of credits, and safe deposit box rental services, as well as electronic funds transfer services consisting of wire transfers; and internet and mobile banking, cash management, bank-by-phone services, and remote deposit capture services. Further, the company offers investment and insurance products, such as mutual funds, annuities, long-term care insurance, life insurance, and company retirement plans, as well as property and casualty insurance products; and financial planning services. As of January 27, 2021, it operated 101 branches in North Carolina and South Carolina. The company was founded in 1934 and is headquartered in Southern Pines, North Carolina.