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Why First Bancorp (FBNC) Could Be Positioned for a Surge
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First Bancorp (FBNC - Free Report) is a one-bank holding company that could be an interesting play for investors. That is because, not only does the stock have decent short-term momentum, but it is seeing solid activity on the earnings estimate revision front as well.
These positive earnings estimate revisions suggest that analysts are becoming more optimistic on FBNC’s earnings for the coming quarter and year. In fact, consensus estimates have moved sharply higher for both of these time frames over the past four weeks, suggesting that First Bancorp could be a solid choice for investors.
Current Quarter Estimates for FBNC
In the past 30 days, one estimate has gone higher for First Bancorp while none have gone lower in the same time period. The trend has been pretty favorable too, with estimates increasing from 28 cents a share 30 days ago, to 40 cents today, a move of 42.9%.
Current Year Estimates for FBNC
Meanwhile, First Bancorp’s current year figures are also looking quite promising, with two estimates moving higher in the past month, compared to none lower. The consensus estimate trend has also seen a boost for this time frame, increasing from $1.59 per share 30 days ago to $1.75 per share today, an increase of 10.1%.
The stock has also started to move higher lately, adding 11.3% over the past four weeks, suggesting that investors are starting to take note of this impressive story. So investors may definitely want to consider this Zacks Rank #1 (Strong Buy) stock to profit in the near future. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
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Why First Bancorp (FBNC) Could Be Positioned for a Surge
First Bancorp (FBNC - Free Report) is a one-bank holding company that could be an interesting play for investors. That is because, not only does the stock have decent short-term momentum, but it is seeing solid activity on the earnings estimate revision front as well.
These positive earnings estimate revisions suggest that analysts are becoming more optimistic on FBNC’s earnings for the coming quarter and year. In fact, consensus estimates have moved sharply higher for both of these time frames over the past four weeks, suggesting that First Bancorp could be a solid choice for investors.
Current Quarter Estimates for FBNC
In the past 30 days, one estimate has gone higher for First Bancorp while none have gone lower in the same time period. The trend has been pretty favorable too, with estimates increasing from 28 cents a share 30 days ago, to 40 cents today, a move of 42.9%.
Current Year Estimates for FBNC
Meanwhile, First Bancorp’s current year figures are also looking quite promising, with two estimates moving higher in the past month, compared to none lower. The consensus estimate trend has also seen a boost for this time frame, increasing from $1.59 per share 30 days ago to $1.75 per share today, an increase of 10.1%.
First Bancorp Price and Consensus
First Bancorp Price and Consensus | First Bancorp Quote
Bottom Line
The stock has also started to move higher lately, adding 11.3% over the past four weeks, suggesting that investors are starting to take note of this impressive story. So investors may definitely want to consider this Zacks Rank #1 (Strong Buy) stock to profit in the near future. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Just Released – Driverless Cars: Your Roadmap to Mega-Profits Today
In this latest Special Report, Zacks’ Aggressive Growth Strategist Brian Bolan explores a full-blown technological breakthrough in the making – autonomous cars. He also spotlights 8 stocks with tremendous gain potential to feed off this phenomenon. Click to see the stocks right now >>