| Date | Upside/Downside | Analyst Firm | Price Target Change | Rating Change | Previous / Current Rating |
|---|---|---|---|---|---|
| 10/31/2022 | 10.06% | Raymond James | $41 → $49 | Maintains | Outperform |
| 10/06/2022 | -7.91% | Raymond James | $43 → $41 | Maintains | Outperform |
| 08/18/2022 | 5.57% | Piper Sandler | $49 → $47 | Upgrades | Neutral → Overweight |
| 08/01/2022 | -5.66% | DA Davidson | $43 → $42 | Downgrades | Buy → Neutral |
| 08/01/2022 | -3.41% | Raymond James | $40 → $43 | Maintains | Outperform |
| 06/23/2022 | -10.15% | Raymond James | $44 → $40 | Maintains | Outperform |
| 05/02/2022 | -1.17% | Raymond James | $49 → $44 | Maintains | Outperform |
| 02/28/2022 | 10.06% | Raymond James | → $49 | Initiates Coverage On | → Outperform |
| 10/12/2021 | 16.8% | Piper Sandler | $49 → $52 | Downgrades | Overweight → Neutral |
| 06/16/2021 | 14.56% | Piper Sandler | $46 → $51 | Upgrades | Neutral → Overweight |
| 07/24/2020 | -43.85% | Piper Sandler | $26 → $25 | Maintains | Neutral |
| 06/19/2020 | — | DA Davidson | Downgrades | Buy → Neutral | |
| 06/18/2020 | -41.6% | Piper Sandler | $32 → $26 | Downgrades | Overweight → Neutral |
| 02/28/2020 | — | DA Davidson | Initiates Coverage On | → Buy | |
| 04/25/2019 | — | Gabelli & Co. | Upgrades | Hold → Buy | |
| 03/25/2019 | — | Piper Sandler | Upgrades | Hold → Buy | |
| 07/27/2018 | 3.32% | Piper Sandler | $44 → $46 | Maintains | Overweight |
| 07/10/2018 | — | Raymond James | Downgrades | Outperform → Market Perform | |
| 12/04/2017 | — | Stephens & Co. | Initiates Coverage On | → Equal-Weight |
First Bancorp Questions & Answers
The latest price target for First Bancorp (NASDAQ: FBNC) was reported by Raymond James on October 31, 2022. The analyst firm set a price target for $49.00 expecting FBNC to rise to within 12 months (a possible 10.06% upside). 8 analyst firms have reported ratings in the last year.
The latest analyst rating for First Bancorp (NASDAQ: FBNC) was provided by Raymond James, and First Bancorp maintained their outperform rating.
Analysts arrive at stock ratings after doing extensive research, which includes going through public financial statements, talking to executives and customers of First Bancorp, and listening in to earnings conference calls. Most analysts do this every three months, so you should get 4 ratings per company per firm each year. The last rating for First Bancorp was filed on October 31, 2022 so you should expect the next rating to be made available sometime around October 31, 2023.
While ratings are subjective and will change, the latest First Bancorp (FBNC) rating was a maintained with a price target of $41.00 to $49.00. The current price First Bancorp (FBNC) is trading at is $44.52, which is within the analyst's predicted range.