Stock Price & Analysis

Based on the analysis of FBNC stock, considering the current market conditions and sector trends, it is recommended to hold the stock. The banking sector is expected to remain stable, and FBNC's performance aligns with these expectations. There is no strong indication to buy or sell at this time.

The price prediction for FBNC stock in 2025 is $42. This forecast is based on the company's strong Q4 earnings, where non-GAAP EPS of $0.76 beat expectations by $0.03, and net interest income grew 7.7% year-over-year to $88.84M.

The S1 support level for FBNC Stock is $38.75 ,The R1 resistant level for FBNC Stock is $40.85.

As of the end of day on 2025-03-21, the price of FBNC Stock was $40.52.

The target price for FBNC Stock according to analyst rating is 51.50, with the highest price target at 54.00 and the lowest at 49.00. Analysts have a Moderate Buy rating on FBNC Stock overall.

The market cap of FBNC is $1.7B.

Analysis and Insights

Valuation Metrics:

1. Price-to-Earnings (P/E) Ratio: FBNC's P/E ratio of 16.87 is higher than the industry average, indicating potential overvaluation.
2. EV/EBITDA: The EV/EBITDA ratio of 11.76 suggests the stock is trading at a premium compared to its earnings.
3. Price-to-Sales (PS) Ratio: A PS ratio of 4.59 is elevated, signaling high valuation relative to revenue.
4. Price-to-Book (PB) Ratio: The PB ratio of 1.16 is moderate but still above historical norms for regional banks.
5. Dividend Yield: The yield of 2.12% is competitive but not high enough to offset valuation concerns.

Recent News and Analyst Sentiment:

• Downgrade: Janney Montgomery Scott downgraded FBNC to Neutral, citing limited upside and setting a $49 fair value.
• Leadership Change: The retirement of CEO Mike Mayer and appointment of Adam Currie may introduce uncertainty.
• Earnings Performance: FBNC reported Q4 Non-GAAP EPS of $0.76, beating estimates, but the stock dropped 6.8% in pre-market.

Market Trends:

• The U.S. market appears overvalued, with FBNC's valuation metrics aligning with this trend.

Conclusion:

FBNC appears overvalued based on high P/E, EV/EBITDA, and PS ratios, along with a recent downgrade and leadership change. Investors may want to wait for a price correction or improved fundamentals before considering a purchase.

First Bancorp is a bank holding company. The Company maintains a diversified loan portfolio by providing a range of commercial and retail lending services to business entities and individuals. It provides commercial business loans, commercial and residential real estate construction and mortgage loans, revolving lines of credit, letters of credit, and loans for personal uses, home improvement, and automobiles. It offers a range of deposit accounts and services to both retail and commercial customers. It also offers credit cards, debit cards, letters of credit, safe deposit box rentals, and electronic funds transfer services, including wire transfers. Through Magnolia Financial, it provides accounts receivable financing and factoring, inventory financing, and purchase order financing. It provides internet banking, mobile banking and mobile check deposit, cash management, remote deposit capture, bank-by-phone capabilities, and Automated teller machines (ATMs) across its branch network.

Price Prediction for FBNC Stock in 2030

Based on current trends and analysis, the projected price for FBNC stock by 2030 is $60.00, driven by expected earnings growth and operational improvements. However, if valuation concerns persist, the price could drop to $40.00.

FBNC has a total of 1396 employees.