First Bancorp Insider Buys Shares of FBNC

On June 23, 2026, Thomas Brent Hicks, the Chief Accounting Officer at First Bancorp, purchased 1,087 shares of the company's stock. The shares were bought at an average price of $62.03, amounting to a total value of $67,426.61. This transaction was not part of a pre-planned trading program.

Insider Buying and Selling at First Bancorp

The recent activity at First Bancorp saw several insiders buying shares on June 23, 2026. In addition to Thomas Brent Hicks, Chief Operating Officer Christian Anthony Wilson acquired 2,902 shares, and CEO Richard Moore purchased 9,673 shares. Gregory Currie, CEO of First Bank, added 7,739 shares, while CFO Elizabeth Bostian bought 3,386 shares. These purchases were made at the same price of $62.03 per share, reflecting a coordinated confidence in the company's prospects.

Other Institutional Activity in First Bancorp

Institutional investors have also been active with First Bancorp. FMR LLC increased its holdings by 447,184 shares, bringing its total to 3,640,136 shares valued at approximately $205.12 million, marking a 14% increase. State Street Corp added 62,443 shares, ending with 2,074,716 shares worth about $117.40 million, a 3.1% rise. Vanguard Capital Management LLC opened a new position with 1,772,184 shares valued at $99.86 million. Meanwhile, Dimensional Fund Advisors LP reduced its stake by 154,867 shares, now holding 1,705,538 shares valued at $96.11 million, an 8.3% decrease.

First Bancorp Stock Down 2.1%

Shares of NasdaqGS:FBNC traded near $62.71 on Thursday. First Bancorp boasts a market capitalization of approximately $2.52 billion and a P/E ratio of 20.75. The stock has seen a 52-week range between $40.25 and $62.64. Currently, the 50-day moving average is $58.99, and the 200-day moving average is $55.17, indicating a strong upward trend.

Recent Earnings

First Bancorp reported revenue of $393.33 million with a revenue growth of 13.9%. The company's net margin stands at 30.8%, and it has a return on equity of 7.6%. The next earnings report is expected on July 22, 2026.

Dividend

First Bancorp pays an annual dividend rate of $0.96, yielding 1.58% with a payout ratio of 31.74%.

Analysts Set New Price Targets

Analyst firm Keefe, Bruyette & Woods maintained its buy rating for First Bancorp on April 23, 2026, with a price target of $66.00. Piper Sandler downgraded the stock to hold with a target of $64.00 on February 9, 2026. The consensus among analysts is a buy recommendation, with an average price target of $66.35 based on five analyst opinions.

About First Bancorp

First Bancorp is a bank holding company based in Southern Pines, North Carolina. Through its subsidiary, First Bank, it offers a range of banking services to individuals and businesses, including deposit products, loans, and credit facilities. The company also provides investment and insurance products and services. Founded in 1934, First Bancorp operates in the regional banking sector, employing over 1,300 people under the leadership of CEO Richard Hancock Moore.

Bottom Line

The insider buying activity at First Bancorp, particularly by high-ranking officers, suggests confidence in the company's future. Investors often pay attention to such moves as they can provide insights into the company's potential. However, it's important to remember that these reports reflect past actions and may not indicate current positions.