Gregory Currie Acquires Shares in First Bancorp

Gregory Currie, Chief Executive Officer of First Bank, purchased 7,739 shares of First Bancorp (NasdaqGS: FBNC) on June 23, 2026. The transaction was valued at $480,050.17, with an average share price of $62.03. This purchase was not part of a pre-planned trading program.

Insider Buying and Selling at First Bancorp

In addition to Gregory Currie's acquisition, several other insiders at First Bancorp made similar moves on June 23, 2026. Christian Anthony Wilson, the Chief Operating Officer, bought 2,902 shares. Richard Moore, the CEO, acquired 9,673 shares. Thomas Brent Hicks, the Chief Accounting Officer, purchased 1,087 shares, while Elizabeth Bostian, the CFO, bought 3,386 shares. Peter Hans also added 863 shares on June 15, 2026, at a slightly lower price of $57.99.

Other Institutional Activity in First Bancorp

Among institutional investors, BlackRock, Inc. slightly reduced its position in First Bancorp, trimming 897 shares to hold a total of 5,817,501 shares valued at about $327.8 million. FMR LLC, on the other hand, increased its stake by 447,184 shares, bringing its total to 3,640,136 shares worth approximately $205.1 million. State Street Corp added 62,443 shares, ending with 2,074,716 shares valued at $117.4 million. Vanguard Capital Management LLC opened a new position with 1,772,184 shares valued at around $99.9 million. Franklin Resources Inc. increased its holdings by 33,194 shares, totaling 1,771,899 shares worth $99.8 million, while Dimensional Fund Advisors LP reduced its stake by 154,867 shares to 1,705,538 shares valued at $96.1 million.

First Bancorp Stock Down 2.1%

Shares of First Bancorp traded near $62.71 on Thursday. The company, which operates in the regional banks industry, has a market cap of approximately $2.52 billion. It carries a P/E ratio of 20.75 and a forward P/E of 12.20, indicating some expected earnings growth. The stock has a 52-week low of $40.25 and a high of $62.64, with recent averages of $58.99 over 50 days and $55.17 over 200 days. First Bancorp's beta of 0.833 suggests it is less volatile than the market.

Recent Earnings

First Bancorp reported revenue of $393.3 million, reflecting a growth of 13.9%. The company's net margin stands at 30.8%, with a return on equity of 7.6%. The next earnings report is scheduled for July 22, 2026.

Analysts Set New Price Targets

On April 23, 2026, Keefe, Bruyette & Woods maintained their buy rating on First Bancorp with a price target of $66. Piper Sandler downgraded the stock to a hold on February 9, 2026, setting a target at $64. Raymond James upgraded the stock to a buy on January 7, 2026, with a target of $62. The consensus among analysts is a buy recommendation, with an average price target of $66.35.

About First Bancorp

First Bancorp, headquartered in Southern Pines, North Carolina, is the holding company for First Bank. It provides a wide range of banking services, including deposit accounts, loans, and credit services, to individuals and businesses. Founded in 1934, the company operates primarily in the regional banking sector, offering additional services like investment, insurance, and financial planning. First Bancorp employs over 1,300 people and is led by CEO Richard Hancock Moore.

Bottom Line

Gregory Currie's recent purchase of First Bancorp shares suggests confidence in the company's prospects. Investors often watch insider transactions for insights into management's view of the company's future. As always, it's important to note that these insider buys are disclosed after the fact and may not reflect current holdings.