First Bancorp CFO Elizabeth Bostian Buys Shares of FBNC

On June 23, 2026, Elizabeth Bostian, the Chief Financial Officer of First Bancorp, purchased 3,386 shares of the company. The shares were bought at an average price of $62.03 each, resulting in a total transaction value of $210,033.58. This transaction was not part of a pre-planned trading program.

Insider Buying and Selling at First Bancorp

Several key executives at First Bancorp made stock purchases on June 23, 2026. Alongside CFO Elizabeth Bostian, Chief Operating Officer Christian Anthony Wilson acquired 2,902 shares, and CEO Richard Moore bought 9,673 shares. Other insiders like Chief Accounting Officer Thomas Brent Hicks and Gregory Currie, CEO of First Bank, also made purchases on the same day, with Hicks buying 1,087 shares and Currie acquiring 7,739 shares. Peter Hans also bought 863 shares on June 15, 2026, at a slightly lower price of $57.99.

Other Institutional Activity in First Bancorp

In recent institutional activity, FMR LLC increased its holdings in First Bancorp by 447,184 shares, bringing its total to 3,640,136 shares valued at approximately $205.1 million, reflecting a 14% increase. State Street Corp also added 62,443 shares, ending with 2,074,716 shares worth about $117.4 million, a 3.1% increase. Vanguard Capital Management LLC opened a new position with 1,772,184 shares valued at approximately $99.9 million. In contrast, Dimensional Fund Advisors LP reduced its stake by 154,867 shares, resulting in a total of 1,705,538 shares valued at $96.1 million, marking an 8.3% decrease.

First Bancorp Stock Down 2.0%

Shares of First Bancorp, trading on NasdaqGS under the ticker FBNC, were near $62.71 on Thursday. The company has a market capitalization of about $2.52 billion and a P/E ratio of 20.75. The stock's 52-week range is between $40.25 and $62.64. It maintains a 50-day moving average of $58.99 and a 200-day moving average of $55.17. The company has a beta of 0.833, indicating lower volatility compared to the market.

Analysts Set New Price Targets

Analysts have recently updated their views on First Bancorp. Keefe, Bruyette & Woods maintained their buy rating with a price target of $66 on April 23, 2026. Piper Sandler, however, downgraded the stock to a hold rating with a target of $64 on February 9, 2026. Raymond James upgraded First Bancorp to a buy rating with a $62 price target on January 7, 2026. Overall, the consensus among analysts is a buy rating, with an average price target of $66.35 based on five analyst opinions.

About First Bancorp

First Bancorp is a financial services company based in Southern Pines, North Carolina. It operates as the bank holding company for First Bank, offering a range of banking products and services to individuals and businesses. The company provides various deposit products, commercial and personal loans, and a suite of financial services, including investment and insurance products. As of now, it employs around 1,353 people. The company's CEO is Richard Hancock Moore.

Bottom Line

Elizabeth Bostian's recent purchase of First Bancorp shares is part of a broader trend of insider buying at the company. Investors often track such transactions as they can provide insights into how confident insiders are about the company's future. However, it's important to note that these filings are backward-looking and may not reflect the current position. First Bancorp remains an active player in the regional banking sector with a solid analyst outlook.