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home / news releases / FNLC - The First Bancorp: Over 6% Dividend Yield Earnings Likely To Turn Around Soon

FNLC - The First Bancorp: Over 6% Dividend Yield Earnings Likely To Turn Around Soon

First Bancorp Inc (ME)

2024-07-08 16:01:14 ET

Summary

  • Upcoming interest rate cuts will likely reverse the margin’s downtrend and lift the bottom line.
  • The loan portfolio is likely to continue to grow at a double-digit rate thanks to Maine’s current economic condition.
  • FNLC is offering a dividend yield of 6.1%. My earnings estimates suggest that the dividend payout is secure.
  • The December 2024 target price suggests a 4.6% upside.

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For further details see:

The First Bancorp: Over 6% Dividend Yield, Earnings Likely To Turn Around Soon
Stock Information
Company Name: First Bancorp Inc (ME)
Stock Symbol: FNLC
Market: NASDAQ
Website: thefirst.com
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