Piper Sandler has initiated coverage on First Bancorp (FBNC, Financial) with a "Neutral" rating, according to a report released by analyst Stephen Scouten. The firm has set a price target of $48.00 USD for the stock. This announcement was made on May 13, 2025.
The price target of $48.00 USD is a significant benchmark for First Bancorp (FBNC, Financial) as it suggests a stable outlook for the company's stock in the current market environment. No prior price target or rating was adjusted, indicating this is the initial coverage by Piper Sandler for First Bancorp.
Investors and market participants may consider this information as they evaluate the potential performance of First Bancorp (FBNC, Financial) in the coming months. The "Neutral" rating reflects a balanced perspective on the stock's future movements, according to Piper Sandler's analysis.
This coverage initiation by a reputable analyst firm like Piper Sandler is an important event for stakeholders of First Bancorp (FBNC, Financial) as it provides additional insights into the company's position in the market.
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 $49.67 with a high estimate of $50.00 and a low estimate of $49.00. The average target implies an upside of 15.95% from the current price of $42.84. 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 $39.11, suggesting a downside of 8.7% from the current price of $42.835. 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.
