It Seems The First Bancorp, Inc. (FNLC) Will Go Down. Formed A Few Months Wedge Down

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

Investors sentiment decreased to 1 in 2018 Q4. Its down 0.33, from 1.33 in 2018Q3. It fall, as 1 investors sold The First Bancorp, Inc. shares while 18 reduced holdings. 3 funds opened positions while 16 raised stakes. 3.51 million shares or 1.07% more from 3.47 million shares in 2018Q3 were reported.
Bridgeway Cap Mngmt Incorporated reported 0.02% in The First Bancorp, Inc. (NASDAQ:FNLC). Portland Global Advsrs Ltd Com owns 12,725 shares. Parametric Assoc Ltd Liability has invested 0% in The First Bancorp, Inc. (NASDAQ:FNLC). Vanguard Gru Incorporated holds 0% or 421,923 shares. Foundry Prns Limited Liability owns 106,820 shares. 295 were accumulated by Barclays Public Limited Company. Naples Advisors Limited owns 32,029 shares. Deutsche Bank Ag holds 0% of its portfolio in The First Bancorp, Inc. (NASDAQ:FNLC) for 15,775 shares. Bnp Paribas Arbitrage Sa reported 0% in The First Bancorp, Inc. (NASDAQ:FNLC). State Street stated it has 184,404 shares or 0% of all its holdings. State Common Retirement Fund reported 0% of its portfolio in The First Bancorp, Inc. (NASDAQ:FNLC). Provise Management Gp Ltd Company, Florida-based fund reported 30,800 shares. Metropolitan Life Insurance Ny owns 0% invested in The First Bancorp, Inc. (NASDAQ:FNLC) for 3,972 shares. Hamel Incorporated has 0.12% invested in The First Bancorp, Inc. (NASDAQ:FNLC) for 9,375 shares. Hanson And Doremus Inv Mngmt reported 0.01% of its portfolio in The First Bancorp, Inc. (NASDAQ:FNLC).

Since November 19, 2018, it had 1 insider purchase, and 1 insider sale for $29,390 activity. Another trade for 1,516 shares valued at $38,597 was sold by Wootton Charles A.

The stock of The First Bancorp, Inc. (FNLC) formed a down wedge with $24.15 target or 9.00 % below today’s $26.54 share price. The 8 months wedge indicates high risk for the $288.87 million company. If the $24.15 price target is reached, the company will be worth $26.00 million less.
Falling wedges are poor performers for bullish breakouts and are tricky moments to trade. Investors must be aware that the break even failure rate for up or down breakouts is: 11% and 15%. The average rise is 32% and the decline is 15%. The falling wedges has high throwback and pullback rate: 56%, 69% and the percent of wedges meeting target is not very high.

The stock decreased 0.78% or $0.21 during the last trading session, reaching $26.54. About 766 shares traded. The First Bancorp, Inc. (NASDAQ:FNLC) has declined 0.89% since May 8, 2018 and is downtrending. It has underperformed by 5.26% the S&P500.

More notable recent The First Bancorp, Inc. (NASDAQ:FNLC) news were published by: Businesswire.com which released: “The First Bancorp Announces CFO Retirement Plan – Business Wire” on December 21, 2017, also Seekingalpha.com with their article: “Dividend Champions For August 2018 – Seeking Alpha” published on August 01, 2018, Seekingalpha.com published: “Nine Maine Stocks – Seeking Alpha” on April 12, 2010. More interesting news about The First Bancorp, Inc. (NASDAQ:FNLC) were released by: Streetinsider.com and their article: “UPDATE: (CORRECTION) First Bancorp (FNLC) Declares $0.29 Quarterly Dividend; 4.1% Yield – StreetInsider.com” published on September 27, 2018 as well as Gurufocus.com‘s news article titled: “Apr 26, 2019 – Private Capital Group, LLC Buys Invesco QQQ Trust Series 1, Cigna Corp, Vanguard Short-Term Corporate Bond ETF, Sells Vanguard Total Stock Market, iShares National Muni Bond, iShares MSCI EAFE – GuruFocus.com” with publication date: April 26, 2019.

The First Bancorp, Inc. operates as the holding firm for First National Bank that provides a range of banking services and products to individual and corporate customers. The company has market cap of $288.87 million. The firm offers various deposit products, including demand, NOW, savings, money market, and certificates of deposit accounts. It has a 11.9 P/E ratio. It also provides commercial loan products, such as mortgage loans to finance investments in real property comprising multi-family residential, commercial/retail, office, industrial, hotel, educational, and other specific or mixed use properties; loans to finance construction of owner- and non-owner occupied commercial real estate properties; and revolving and term loan obligations to business and corporate enterprises for the purpose of financing working capital or capital investment.

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

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