Summary
Mary Clara Capel, a retired member of First Bancorp's board, sold 2,642 shares of the company's common stock on January 30, 2026, at $57.747 per share, according to a Form 4 filed with the Securities and Exchange Commission. The transaction amounted to $152,567. After the sale Capel directly holds 25,399.6201 shares of First Bancorp (NASDAQ: FBNC).
Insider transaction details
The sale was disclosed in a formal filing with the SEC. The filing specifies the number of shares sold, the per-share price and the aggregate value of the trade. The seller is identified as a retired director of the company and the Form 4 captures her post-transaction ownership stake.
Recent corporate and financial developments
First Bancorp reported quarterly results that outpaced expectations, a performance described in the company's disclosures as being supported by stronger fee income and healthy credit trends. The company also recognized a reserve release associated with Hurricane Helene, which contributed to a lighter loss provision for the quarter.
Following the earnings report, Raymond James raised its price target on First Bancorp to $68.00 and maintained a Strong Buy rating. Piper Sandler upgraded the stock from Neutral to Overweight, citing robust third-quarter results, balance sheet growth and a materially higher net interest margin; that firm also raised its price target to $58.00.
First Bancorp announced a quarterly cash dividend of $0.23 per share, payable on January 25, 2026, to shareholders of record as of December 31, 2025.
Governance note
In governance updates, Mary Clara Capel - identified in company materials as a long-serving director - retired from the board. Her departure marks the end of nearly 70 years of service by the Capel family to the institution, as described in the company's disclosures.
Key takeaways
- Retired director Mary Clara Capel sold 2,642 First Bancorp shares on January 30, 2026, for $57.747 each, totaling $152,567, and now directly owns 25,399.6201 shares.
- First Bancorp's quarter exceeded expectations, aided by stronger fees, favorable credit trends and a reserve release tied to Hurricane Helene; the company announced a $0.23 quarterly dividend.
- Analysts responded to the results with more favorable ratings and higher price targets - Raymond James to $68.00 with a Strong Buy stance, and Piper Sandler upgrading to Overweight and raising its target to $58.00.
Contextual limitations
The SEC Form 4 provides the transactional specifics but does not include additional commentary from the seller on motivations for the sale. The company's financial disclosures describe drivers of the reported quarter, including a reserve release tied to Hurricane Helene, but do not attribute outcomes beyond those stated in the filing.
Disclosure
No disclosures were provided within the article text.