First Bancorp ( NASDAQ:FBNC – Get Free Report ) was downgraded by equities research analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a research note issued on Monday, Zacks reports.
Several other equities analysts also recently weighed in on the company. Piper Sandler lifted their target price on First Bancorp from $64.00 to $65.00 and gave the company a “neutral” rating in a research report on Wednesday, July 29th. Keefe, Bruyette & Woods upped their price target on First Bancorp from $67.00 to $70.00 and gave the stock an “outperform” rating in a research report on Tuesday, August 4th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of First Bancorp in a research note on Thursday, August 13th. Raymond James Financial boosted their price objective on First Bancorp from $68.00 to $75.00 and gave the company a “strong-buy” rating in a research note on Thursday, July 16th. Finally, Brean Capital initiated coverage on shares of First Bancorp in a report on Monday, June 8th. They set a “neutral” rating and a $65.75 price target on the stock. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, two have given a Hold ra...