First Bancorp (FBNC) Is Up 1.27% in One Week: What You Should Know

Core Viewpoint - Momentum investing focuses on following a stock's recent price trends, aiming to buy high and sell higher, with the expectation that established trends will continue [1] Company Overview: First Bancorp (FBNC) - First Bancorp currently holds a Momentum Style Score of B, indicating potential as a solid momentum pick [3] - The company has a Zacks Rank of 1 (Strong Buy), which historically outperforms the market when combined with a Style Score of A or B [4] Price Performance - FBNC shares have increased by 1.27% over the past week, while the Zacks Banks - Southeast industry has risen by 2.38% [6] - Over the past month, FBNC's price change is 14.04%, outperforming the industry's 9.03% [6] - In the last quarter, FBNC shares rose by 1.49%, and over the past year, they gained 29.85%, compared to the S&P 500's -2.26% and 13.85% respectively [7] Trading Volume - FBNC's average 20-day trading volume is 187,189 shares, which serves as a price-to-volume baseline for assessing stock momentum [8] Earnings Outlook - In the past two months, one earnings estimate for FBNC has increased, raising the consensus estimate from $3.27 to $3.47 [10] - For the next fiscal year, one estimate has also moved upwards with no downward revisions [10] Conclusion - Considering the positive price trends and earnings outlook, FBNC is positioned as a 1 (Strong Buy) stock with a Momentum Score of B, making it a noteworthy candidate for near-term investment [12]