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Stock impact report

The First Bancorp: Over 6% Dividend Yield, Earnings Likely To Turn Around Soon [Seeking Alpha]

First Bancorp, Inc (ME) (FNLC) 
Company Research Source: Seeking Alpha
Jul. 08, 2024 4:01 PM ET The First Bancorp, Inc. (FNLC) Stock 1 Like Sheen Bay Research 3.24K Follower s Follow 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. NASDAQ: FNLC Recommended For You Show less Read more
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