The First Bancorp, Inc. (FNLC) Forms Descending Triangle Pattern at $26.27

The First Bancorp, Inc. (NASDAQ:FNLC) Corporate Logo

During 2018 Q4 the big money sentiment decreased to 1. That’s change of 0.33, from 2018Q3’s 1.33. 1 investors sold all, 18 reduced holdings as The First Bancorp, Inc. ratio is negative. 16 grew positions while 3 funds acquired positions. Funds hold 3.51 million shares thus 1.07% more from 2018Q3’s 3.47 million shares.
California Employees Retirement Sys owns 34,795 shs. Alliancebernstein L P holds 0% in The First Bancorp, Inc. (NASDAQ:FNLC) or 11,179 shs. Royal Bank & Trust Of Canada holds 0% or 30,755 shs. Bnp Paribas Arbitrage Sa holds 0% or 347 shs in its capital. Lsv Asset stated it has 80,628 shs or 0% of all its holdings. Rhumbline Advisers invested 0% of its capital in The First Bancorp, Inc. (NASDAQ:FNLC). State Street holds 184,404 shs or 0% of its capital. Kimelman & Baird Limited Company owns 34,572 shs or 0.14% of their US capital. Geode Mngmt Limited Liability Company has invested 0% in The First Bancorp, Inc. (NASDAQ:FNLC). Charles Schwab Management Inc holds 0% of its capital in The First Bancorp, Inc. (NASDAQ:FNLC) for 23,661 shs. 205,400 are owned by Renaissance Techs Ltd Liability Corporation. Citigroup Inc holds 0% of its capital in The First Bancorp, Inc. (NASDAQ:FNLC) for 2,565 shs. Metropolitan Life Company New York reported 3,972 shs. Deutsche Comml Bank Ag holds 0% of its capital in The First Bancorp, Inc. (NASDAQ:FNLC) for 15,775 shs. Parametric Port Assocs Llc has 17,946 shs.

The First Bancorp, Inc. registered $29,390 net activity with 1 buy and 1 insider sale since November 19, 2018. On Monday, November 19 the insider Rosborough Mark N bought $9,207.

The First Bancorp, Inc. (FNLC) showed a descending triangle with $28.37 price target. That’s 8.00 % above today’s $26.27 share price. $285.92 million MC has the stock. The company’s valuation will be $22.87 million more at $28.37 price target.

FNLC is touching $26.27 during the last trading session, after decreased 0.45%.The First Bancorp, Inc. has volume of 152 shares. Since March 18, 2018 FNLC has declined 0.89% and is downtrending. The stock underperformed the S&P 500 by 5.26%.

For more The First Bancorp, Inc. (NASDAQ:FNLC) news published briefly go to: Businesswire.com, Seekingalpha.com, Seekingalpha.com, Businesswire.com or Seekingalpha.com. The titles are as follows: “The First Bancorp Elects Mark Rosborough as Vice Chairman – Business Wire” published on May 31, 2017, “Nine Maine Stocks – Seeking Alpha” on April 12, 2010, “First Bancorp, Inc.: Looking Risky Heading Into Higher Rates – Seeking Alpha” with a publish date: April 24, 2018, “The First Bancorp Announces CFO Retirement Plan – Business Wire” and the last “Dividend Champions For August 2018 – Seeking Alpha” with publication date: August 01, 2018.

The First Bancorp, Inc. (NASDAQ:FNLC) Institutional Investors Chart

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