First Bancorp (First Bancorp) GF Value Rank : 7 (As of May. 08, 2024)

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What is First Bancorp GF Value Rank?

First Bancorp has the GF Value Rank of 7.

The GF Value Rank is determined by the price-to-GF-Value (P/GF Value) ratio, a proprietary metric calculated based on historical multiples along with an adjustment factor based on a company's past returns and growth and future estimates of the business' performance.

GuruFocus found that for valuation, we cannot simply give stocks a better GF Value rank simply because they have a lower P/GF Value ratio. Backtesting shows that over the long term, the two worst-performing groups are the most expensive group (with the highest P/GF Value ratio) and the least expensive group (with the lowest P/GF Value ratio).

We can understand why the most expensive group underperforms. We were initially puzzled by the underperformance of the least expensive group, but we realized there is a reason why some stocks are super cheap. If they look too undervalued, it is often because the businesses behind them are poor quality. The market realized this and gave them low valuations. In a way, the market is efficient.

After multiple backtesting analyses, we granted the stocks in third-cheapest percentile the highest GF Value rank, as they have performed the best over a full market cycle. Stock performance is actually not as sensitive to valuation as it is to growth and profitability. On average, the companies in the 20%-50% valuation groups have similar performances. Therefore, we should avoid the most expensive and the least expensive stocks. We can be more tolerant of valuation.

Please click GF Score to see more details on the GF Score's 5 Key Aspects of Analysis.

Competitive Comparison of First Bancorp's GF Value Rank

For the Banks - Regional subindustry, First Bancorp's GF Value Rank, along with its competitors' market caps and GF Value Rank data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

First Bancorp's GF Value Rank Distribution in the Banks Industry

For the Banks industry and Financial Services sector, First Bancorp's GF Value Rank distribution charts can be found below:

* The bar in red indicates where First Bancorp's GF Value Rank falls into.

First Bancorp GF Value Rank Related Terms

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First Bancorp (First Bancorp) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » First Bancorp (NAS:FBNC) » Definitions » GF Value Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

300 SW Broad Street, Southern Pines, NC, USA, 28387

Website

https://www.localfirstbank.com

First Bancorp is a bank holding company. The company is engaged in providing banking services such as acceptance of deposits and lending funds to customers for various purposes. It provides checking, savings, and money market accounts, time deposits, including various types of certificates of deposits (CDs) and individual retirement accounts (IRAs). The company also provides loans for various purposes of consumer and commercial purposes, including loans for business, agriculture, real estate, personal uses, home improvement and automobiles. Also, it offers credit cards, debit cards, letters of credit and electronic funds transfer services.

Executives

J Randolph Potter	director	381 HALTON RD., GREENVILLE SC 29607
Elizabeth B Bostian	officer: Chief Financial Officer	2108 CARLISLE ROAD, GREENSBORO NC 27401
Richard H Moore	director	1917 LEWIS CIRCLE, RALEIGH NC 27608
Mclamb Carlie C Jr	director	C/O NEW CENTURY BANK 700 W CUMBERLAND ST, DUNN NC 28334
Michael Goodwin Mayer	officer: President	300 SW BROAD STREET, SOUTHERN PINES NC 28387
Mary Clara Capel	director	P.O. BOX 826, TROY NC 27371
Mason Y Garrett	director	381 HALTON ROAD, GREENVILLE SC 29606
Dexter V Perry	director	111 LYNDENBURY DRIVE, APEX NC 27502
John W Mccauley	director
Gregory A Currie	officer: Chief Banking Officer	204 ELMWOOD DR., GREENSBORO NC 27408
Suzanne S Deferie	director, officer: Regional President	11 CHURCH STREET, ASHEVILLE NC 28801
Crawford James C Iii	director
Frederick Leslie Taylor	director	1207 CEDAR CREEK ROAD, BISCOE NC 27209
Virginia C Thomasson	director
Thomas F Phillips	director