Fintel reports that on January 7, 2026, Raymond James upgraded their outlook for First Bancorp (NasdaqGS:FBNC) from Market Perform to Strong Buy.
Analyst Price Forecast Suggests 14.47% Upside
As of December 21, 2025, the average one-year price target for First Bancorp is $59.92/share. The forecasts range from a low of $54.54 to a high of $65.10. The average price target represents an increase of 14.47% from its latest reported closing price of $52.35 / share.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for First Bancorp is 542MM, an increase of 48.65%. The projected annual non-GAAP EPS is 5.04.
What is the Fund Sentiment?
There are 453 funds or institutions reporting positions in First Bancorp. This is an decrease of 12 owner(s) or 2.58% in the last quarter. Average portfolio weight of all funds dedicated to FBNC is 0.14%, an increase of 2.60%. Total shares owned by institutions increased in the last three months by 8.62% to 44,351K shares. 
The put/call ratio of FBNC is 0.07, indicating a bullish outlook.
What are Other Shareholders Doing?
IJR - iShares Core S&P Small-Cap ETF holds 2,471K shares representing 5.96% ownership of the company. In its prior filing, the firm reported owning 2,559K shares , representing a decrease of 3.57%. The firm increased its portfolio allocation in FBNC by 5.15% over the last quarter.
Franklin Resources holds 2,195K shares representing 5.29% ownership of the company. In its prior filing, the firm reported owning 2,335K shares , representing a decrease of 6.41%. The firm decreased its portfolio allocation in FBNC by 83.02% over the last quarter.
Westwood Holdings Group holds 1,388K shares representing 3.35% ownership of the company. In its prior filing, the firm reported owning 1,741K shares , representing a decrease of 25.51%. The firm decreased its portfolio allocation in FBNC by 5.22% over the last quarter.
FRVLX - Franklin Small Cap Value Fund holds 1,334K shares representing 3.22% ownership of the company. In its prior filing, the firm reported owning 1,418K shares , representing a decrease of 6.30%. The firm increased its portfolio allocation in FBNC by 7.07% over the last quarter.
Ameriprise Financial holds 1,314K shares representing 3.17% ownership of the company. In its prior filing, the firm reported owning 885K shares , representing an increase of 32.70%. The firm decreased its portfolio allocation in FBNC by 69.51% over the last quarter.
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