Stephens has increased its price target for First Bancorp (FBNC, Financial) from $48 to $50, maintaining an Overweight rating on the stock. This adjustment follows the company’s recent financial performance where its core pre-provision net revenue (PPNR) reached $48.3 million, surpassing analysts’ expectations by 6%.
As a result of these favorable earnings, Stephens has adjusted its estimates for First Bancorp's PPNR for fiscal years 2025 and 2026. The firm has increased its FY25 PPNR projection by 4.5% and its FY26 estimate by 6.0%, reflecting a positive outlook on the company's future revenue potential.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 3 analysts, the average target price for First Bancorp (FBNC, Financial) is $49.00 with a high estimate of $50.00 and a low estimate of $48.00. The average target implies an upside of 22.32% from the current price of $40.06. More detailed estimate data can be found on the First Bancorp (FBNC) Forecast page.
Based on the consensus recommendation from 4 brokerage firms, First Bancorp's (FBNC, Financial) average brokerage recommendation is currently 2.3, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for First Bancorp (FBNC, Financial) in one year is $38.64, suggesting a downside of 3.54% from the current price of $40.06. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the First Bancorp (FBNC) Summary page.
