State Street Corp grew its position in First Bancorp, Inc (ME) (NASDAQ:FNLC) by 9.1% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 179,411 shares of the bank’s stock after purchasing an additional 14,952 shares during the period. State Street Corp owned about 1.66% of First Bancorp, Inc (ME) worth $4,855,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently bought and sold shares of FNLC. Dimensional Fund Advisors LP raised its holdings in First Bancorp, Inc (ME) by 5.1% in the second quarter. Dimensional Fund Advisors LP now owns 356,827 shares of the bank’s stock worth $9,656,000 after purchasing an additional 17,169 shares during the period. First Trust Advisors LP acquired a new stake in First Bancorp, Inc (ME) in the second quarter worth $459,000. Menta Capital LLC acquired a new stake in First Bancorp, Inc (ME) in the second quarter worth $376,000. Teachers Advisors LLC raised its holdings in First Bancorp, Inc (ME) by 21.9% in the second quarter. Teachers Advisors LLC now owns 19,071 shares of the bank’s stock worth $516,000 after purchasing an additional 3,427 shares during the period. Finally, Vanguard Group Inc. raised its holdings in First Bancorp, Inc (ME) by 1.0% in the second quarter. Vanguard Group Inc. now owns 331,976 shares of the bank’s stock worth $8,983,000 after purchasing an additional 3,271 shares during the period. Institutional investors own 32.03% of the company’s stock.
In related news, Director Bruce B. Tindal sold 3,450 shares of the firm’s stock in a transaction on Thursday, October 19th. The shares were sold at an average price of $30.58, for a total transaction of $105,501.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 6.63% of the company’s stock.
First Bancorp, Inc (ME) (NASDAQ:FNLC) last issued its quarterly earnings data on Wednesday, October 18th. The bank reported $0.46 EPS for the quarter. First Bancorp, Inc (ME) had a net margin of 26.51% and a return on equity of 10.68%. The business had revenue of $15.45 million for the quarter.
Separately, BidaskClub lowered shares of First Bancorp, Inc (ME) from a “sell” rating to a “strong sell” rating in a report on Thursday, August 24th.
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First Bancorp, Inc (ME) Company Profile
The First Bancorp, Inc is the bank holding company of First National Bank (the Bank). The Bank offers a range of financial services to individuals and companies in coastal Maine. The Company, through First Advisors, a division of the Bank, offers a range of private banking, financial planning, investment management and trust services to individuals, businesses, non-profit organizations and municipalities of various asset sizes.
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