FBNC Price Prediction Next Week
Analysis and Insights
News Sentiment and Recent Developments:
Downgrade and Leadership Change: Janney Montgomery Scott downgraded First Bancorp (FBNC) from Buy to Neutral, citing limited valuation upside and setting a fair value estimate at $49. The retirement of CEO Mike Mayer and the appointment of Adam Currie as the new CEO may introduce leadership transition risks.
Earnings Performance: FBNC reported Q4 Non-GAAP EPS of $0.76, beating expectations by $0.03, with net interest income rising to $88.84 million (+7.7% Y/Y). Despite earnings growth, analysts suggest the stock may be overvalued according to Seeking Alpha’s Quant Rating.
Technical Analysis:
Price Trends: The stock closed at $40.36 on March 20, 2025, with a 6.8% decline in pre-market trading following earnings. The price is trading below its 20-day, 50-day, and 200-day moving averages, indicating a downtrend.
RSI and MACD: The RSI_14 is 44.07, below 50, suggesting bearish momentum. The MACD is -0.74, indicating bearish crossover.
Fibonacci Levels: Resistance levels at 40.85 and 41.50, with support at 38.74 and 38.09. The stock is near the lower end of the Fibonacci range, suggesting potential downside.
Conclusion:
Given the downgrade, leadership change, and overvaluation concerns, the stock is likely to decline next week. Target price: $38.74. Recommendation: Sell.
FBNC Similar Chart Price Prediction
The price of FBNC is predicted to go up -0.38%, based on the high correlation periods with HOPE. The similarity of these two price pattern on the periods is 98.89%.
FBNC
HOPE
Down: -0.38%Similarity: 98.89%
