First Bancorp, the holding company for First Bank in North Carolina, has agreed to acquire First Carolina Bancshares, the parent of South Carolina’s Carolina Bank, in a deal valued at about $166 million. Under the terms, First Carolina shareholders will receive a combination of First Bancorp stock and cash worth $64.22 per share. The merger, unanimously approved by both boards, is expected to close by early 2027, pending shareholder and regulatory approvals.

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FAQ

Who are the top institutional investors holding FIRST BANCORP/NC (FBNC)?

Major stakeholders currently include BlackRock, Inc. ($327.8M), FMR LLC ($205.1M), State Street CORP ($117.4M). Based on the latest 13F filings, there are a total of 238 tracked investment funds and institutions maintaining positions in FBNC.

What is the overall institutional sentiment toward FBNC recently?

Institutional sentiment appears Bullish (Net Buying). During the most recent reporting quarter, the stock experienced a net inflow of $249.5M, driven by 109 managers accumulating shares while 91 reduced their exposure.

Which institutions have been selling or reducing their FBNC positions?

In the latest period, 71 funds trimmed their holdings, and 20 managers completely exited their positions. The aggregate reported sell value was $734.5M.

Are there any notable investors adding FBNC to their portfolios?

Yes, buying activity remains notable. 28 institutions opened new positions in {ticker}, and 81 existing holders added to their shares. The total reported buy value for the quarter amounted to $936.1M.