First Bancorp (FBNC) Reaches $37.94 52-Week High; Cullen Frost Bankers Has Lowered Salesforce.Com Com (CRM) Stake

December 7, 2017 - By Vivian Park

Cullen Frost Bankers Inc decreased Salesforce.Com Inc Com (CRM) stake by 2.58% reported in 2017Q2 SEC filing. Cullen Frost Bankers Inc sold 5,403 shares as Salesforce.Com Inc Com (CRM)’s stock rose 7.28%. The Cullen Frost Bankers Inc holds 204,354 shares with $17.70 million value, down from 209,757 last quarter. Salesforce.Com Inc Com now has $74.26B valuation. The stock decreased 0.10% or $0.1 during the last trading session, reaching $102.82. About 407,689 shares traded., inc. (NYSE:CRM) has risen 7.78% since December 7, 2016 and is uptrending. It has underperformed by 8.92% the S&P500.

The stock of First Bancorp (NASDAQ:FBNC) hit a new 52-week high and has $41.35 target or 9.00% above today’s $37.94 share price. The 7 months bullish chart indicates low risk for the $1.13B company. The 1-year high was reported on Dec, 7 by If the $41.35 price target is reached, the company will be worth $101.25 million more. The stock increased 0.56% or $0.21 during the last trading session, reaching $37.94. About 7,535 shares traded. First Bancorp (NASDAQ:FBNC) has risen 47.69% since December 7, 2016 and is uptrending. It has outperformed by 30.99% the S&P500.

Among 9 analysts covering First Bancorp (NASDAQ:FBNC), 4 have Buy rating, 1 Sell and 4 Hold. Therefore 44% are positive. First Bancorp has $41.0 highest and $20 lowest target. $33.20’s average target is -12.49% below currents $37.94 stock price. First Bancorp had 20 analyst reports since August 3, 2015 according to SRatingsIntel. PiperJaffray reinitiated the shares of FBNC in report on Thursday, October 5 with “Overweight” rating. The rating was maintained by Keefe Bruyette & Woods with “Buy” on Monday, June 26. As per Tuesday, August 11, the company rating was upgraded by Zacks. The firm earned “Buy” rating on Monday, October 23 by Brean Capital. On Wednesday, July 26 the stock rating was maintained by Brean Capital with “Buy”. As per Monday, August 3, the company rating was maintained by Stifel Nicolaus. Zacks upgraded First Bancorp (NASDAQ:FBNC) on Monday, August 24 to “Sell” rating. The firm has “Buy” rating given on Friday, December 1 by Brean Capital. The stock has “Outperform” rating by Keefe Bruyette & Woods on Tuesday, August 23. Gabelli downgraded the shares of FBNC in report on Monday, November 14 to “Hold” rating.

Investors sentiment increased to 1.73 in Q2 2017. Its up 0.65, from 1.08 in 2017Q1. It improved, as 6 investors sold First Bancorp shares while 34 reduced holdings. 24 funds opened positions while 45 raised stakes. 15.92 million shares or 13.34% more from 14.05 million shares in 2017Q1 were reported. Airain holds 0.01% or 7,028 shares. Renaissance Tech Limited Com holds 0.02% in First Bancorp (NASDAQ:FBNC) or 377,033 shares. Schwab Charles Management holds 0% or 98,453 shares. Price T Rowe Associates Md holds 290,132 shares or 0% of its portfolio. D E Shaw & owns 15,798 shares or 0% of their US portfolio. The Virginia-based Thompson Siegel And Walmsley Ltd Liability has invested 0.11% in First Bancorp (NASDAQ:FBNC). 114 are owned by Citigroup. Zurcher Kantonalbank (Zurich Cantonalbank) owns 1,266 shares. First Tru L P invested 0% in First Bancorp (NASDAQ:FBNC). Jcsd Capital Ltd Llc owns 197,510 shares. Dalton Greiner Hartman Maher & Company has invested 0.13% in First Bancorp (NASDAQ:FBNC). 2.44 million are held by Wellington Mngmt Grp Inc Llp. Employees Retirement System Of Texas holds 65,000 shares or 0.03% of its portfolio. Us State Bank De owns 150 shares. Employees Retirement Association Of Colorado has 0% invested in First Bancorp (NASDAQ:FBNC) for 10,050 shares.

Analysts await First Bancorp (NASDAQ:FBNC) to report earnings on January, 25. They expect $0.55 EPS, up 37.50% or $0.15 from last year’s $0.4 per share. FBNC’s profit will be $16.31 million for 17.25 P/E if the $0.55 EPS becomes a reality. After $0.53 actual EPS reported by First Bancorp for the previous quarter, Wall Street now forecasts 3.77% EPS growth.

First Bancorp operates as the bank holding firm for First Bank that provides banking services and products for individuals and small to medium-sized businesses primarily in North Carolina and northeastern South Carolina. The company has market cap of $1.13 billion. It accepts deposit products, such as checking, savings, and money market accounts, as well as time deposits, including certificates of deposits and individual retirement accounts. It has a 26.44 P/E ratio. The firm also offers loans for a range of consumer and commercial purposes comprising loans for business, agriculture, real estate, personal uses, home improvement, and automobiles.

Cullen Frost Bankers Inc increased Spdr Nuveen Bloomberg Barclays stake by 10,432 shares to 131,937 valued at $6.42 million in 2017Q2. It also upped Spdr S&P Regional Banking Etf (KRE) stake by 8,750 shares and now owns 145,189 shares. Vanguard Small (VB) was raised too.

Among 51 analysts covering (NYSE:CRM), 44 have Buy rating, 1 Sell and 6 Hold. Therefore 86% are positive. had 195 analyst reports since August 21, 2015 according to SRatingsIntel. The rating was maintained by Morgan Stanley on Thursday, September 1 with “Overweight”. Wedbush maintained the stock with “Outperform” rating in Thursday, September 1 report. Pivotal Research downgraded, inc. (NYSE:CRM) on Thursday, January 12 to “Hold” rating. The stock of, inc. (NYSE:CRM) earned “Positive” rating by OTR Global on Tuesday, November 15. Wedbush maintained it with “Outperform” rating and $102 target in Wednesday, March 1 report. Cowen & Co maintained, inc. (NYSE:CRM) on Friday, August 18 with “Buy” rating. Roth Capital maintained it with “Buy” rating and $112.0 target in Friday, October 27 report. The firm earned “Buy” rating on Thursday, May 19 by Brean Capital. Mizuho maintained the shares of CRM in report on Tuesday, August 22 with “Buy” rating. On Friday, November 18 the stock rating was maintained by BMO Capital Markets with “Outperform”.

Investors sentiment increased to 1.38 in 2017 Q2. Its up 0.18, from 1.2 in 2017Q1. It increased, as 50 investors sold CRM shares while 226 reduced holdings. 89 funds opened positions while 293 raised stakes. 611.55 million shares or 1.94% more from 599.94 million shares in 2017Q1 were reported. Fincl Advisers Limited Liability reported 11,163 shares. Fic holds 0.29% in, inc. (NYSE:CRM) or 8,230 shares. Pathstone Family Office Limited reported 440 shares. Mufg Americas Holdings Corporation stated it has 203 shares or 0% of all its holdings. Private Asset accumulated 12,280 shares. Bloom Tree Ptnrs Ltd Company reported 4.24% stake. Old Mutual Customised Solutions (Proprietary) Limited reported 0.24% stake. Gamco Invsts Et Al has invested 0% in, inc. (NYSE:CRM). Hollencrest Secs Ltd Liability holds 0.15% or 11,844 shares in its portfolio. Thrivent Financial For Lutherans holds 0.86% or 2.39M shares in its portfolio. Suntrust Banks invested 0.03% of its portfolio in, inc. (NYSE:CRM). Baillie Gifford And Com stated it has 0.79% of its portfolio in, inc. (NYSE:CRM). Cibc World Markets has invested 0.15% of its portfolio in, inc. (NYSE:CRM). Moreover, Cibc World Mkts has 0% invested in, inc. (NYSE:CRM). Savant Capital Lc has invested 0.06% in, inc. (NYSE:CRM).

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