First Bancorp, Inc (ME) Declares Quarterly Dividend of $0.37 (NASDAQ:FNLC)

by · The Markets Daily

First Bancorp, Inc (ME) (NASDAQ:FNLC – Get Free Report) announced a quarterly dividend on Thursday, December 18th. Investors of record on Tuesday, January 6th will be given a dividend of 0.37 per share by the bank on Friday, January 16th. This represents a c) annualized dividend and a yield of 5.2%. The ex-dividend date of this dividend is Tuesday, January 6th.

First Bancorp, Inc (ME) has decreased its dividend by an average of 0.0%per year over the last three years and has raised its dividend annually for the last 6 consecutive years.

First Bancorp, Inc (ME) Stock Performance

Shares of NASDAQ FNLC opened at $28.33 on Friday. First Bancorp, Inc has a 52-week low of $22.11 and a 52-week high of $28.60. The stock’s fifty day simple moving average is $25.66 and its 200 day simple moving average is $25.77. The stock has a market capitalization of $317.83 million, a price-to-earnings ratio of 10.08 and a beta of 0.60. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 0.35.

First Bancorp, Inc (ME) (NASDAQ:FNLC – Get Free Report) last issued its earnings results on Wednesday, October 22nd. The bank reported $0.81 earnings per share for the quarter. First Bancorp, Inc (ME) had a return on equity of 11.98% and a net margin of 17.94%.The company had revenue of $25.31 million for the quarter.

First Bancorp, Inc (ME) Company Profile

(Get Free Report)

The First Bancorp, Inc operates as the holding company for First National Bank that provides a range of banking products and services to individuals and businesses. It offers various deposit products, including demand, NOW, time, savings, money market, and certificates of deposit accounts. The company also provides commercial loans comprising commercial real estate owner occupied, such as mortgage loans to finance investments in real property such as retail space, offices, industrial buildings, hotels, educational facilities, and other specific or mixed use properties; commercial real estate non-owner occupied loans; commercial construction to finance construction in a mix of owner- and nonowner occupied commercial real estate properties; and commercial and industrial loans, including revolving and term loan for financing working capital and/or capital investment.

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