First Bancorp (FBNC) CEO Richard Moore Buys $600K of Stock

Richard Moore, the Chief Executive Officer of First Bancorp, made a significant purchase of company stock. On June 23, 2026, Moore acquired 9,673 shares at an average price of $62.03 each, bringing the total transaction value to approximately $600,016.19. This transaction was not executed under a pre-arranged trading plan.

Insider Buying and Selling at First Bancorp

On the same day as Moore's purchase, several other executives at First Bancorp also bought shares. Christian Anthony Wilson, the Chief Operating Officer, bought 2,902 shares, and Thomas Brent Hicks, the Chief Accounting Officer, acquired 1,087 shares. Gregory Currie, the CEO of First Bank, purchased 7,739 shares, while Elizabeth Bostian, the Chief Financial Officer, bought 3,386 shares. These transactions were all made at $62.03 per share.

First Bancorp Stock Down 1.2%

Shares of NasdaqGS:FBNC traded near $62.71 on Thursday. First Bancorp has a market capitalization of about $2.52 billion. The stock's P/E ratio stands at 20.75, with a forward P/E of 12.20 and a beta of 0.833. Over the past year, the stock has ranged from a low of $40.25 to a high of $62.64. Its 50-day moving average is $58.99, and the 200-day moving average is $55.17.

Other Institutional Activity in First Bancorp

BlackRock slightly reduced its position in First Bancorp by 897 shares, ending with a total of 5,817,501 shares valued at around $327.8 million. In contrast, FMR LLC increased its stake by 14%, adding 447,184 shares to hold a total of 3,640,136 shares worth approximately $205.1 million. State Street Corp also grew its holdings by 62,443 shares, reaching a total of 2,074,716 shares valued at about $117.4 million. Vanguard Capital Management LLC opened a new position, acquiring 1,772,184 shares valued at nearly $99.9 million. Meanwhile, Franklin Resources Inc increased its stake by 33,194 shares, totaling 1,771,899 shares worth $99.8 million.

Analysts Set New Price Targets

On April 23, 2026, Keefe, Bruyette & Woods maintained their "buy" rating for First Bancorp with a price target of $66.00. Piper Sandler downgraded the stock to a "hold" rating on February 9, 2026, with a target of $64.00. Earlier, on January 7, 2026, Raymond James upgraded the stock to a "buy" rating with a target of $62.00. The consensus among analysts is a "buy" recommendation, with a mean price target of $66.35 based on five opinions.

About First Bancorp

First Bancorp is a bank holding company headquartered in Southern Pines, North Carolina. It operates through its subsidiary, First Bank, offering a variety of financial products and services to individuals and businesses. The bank provides deposit accounts, loans for personal and commercial use, and other financial services such as credit and debit cards, mobile banking, and investment products. With approximately 1,353 employees, First Bancorp has been serving its community since 1934.

Bottom Line

Richard Moore's recent purchase of First Bancorp shares is a noteworthy development, reflecting his confidence in the company. While insider transactions can provide insights into a company's prospects, they are just one piece of the puzzle investors consider. First Bancorp's stock performance and institutional activity suggest ongoing interest in this regional bank, with analysts maintaining a generally positive outlook.