First Bancorp Names New Executive Vice President and CIO

The latest announcement is out from First Bancorp ( (FNLC) ).

First Bancorp, parent of First National Bank, has appointed Brad Martin as Executive Vice President and Chief Information Officer, positioning him to take over technology leadership ahead of current CIO Tammy Plummer’s planned retirement to ensure a smooth transition. Martin brings more than 17 years of financial services and IT experience, including senior technology roles at another Maine-based bank, holds multiple technical and information security certifications, and is active in industry and community committees focused on banking technology and cybersecurity, underscoring the bank’s emphasis on robust, modern IT and cyber capabilities.

The most recent analyst rating on (FNLC) stock is a Buy with a $32.00 price target. To see the full list of analyst forecasts on First Bancorp stock, see the FNLC Stock Forecast page.

Spark’s Take on FNLC Stock

According to Spark, TipRanks’ AI Analyst, FNLC is a Outperform.

First Bancorp’s strong valuation and solid financial performance are the primary drivers of its overall score. The stock’s technical indicators suggest bullish momentum, though caution is advised due to potential overbought conditions. The company’s strategic focus on real estate lending and consistent dividend payouts further enhance its attractiveness to investors.

To see Spark’s full report on FNLC stock, click here.

More about First Bancorp

First Bancorp is the parent company of First National Bank, a Maine-based financial institution operating in the financial services industry, with a focus on traditional banking services for its regional customer base.

Average Trading Volume: 19,956

Technical Sentiment Signal: Strong Buy

Current Market Cap: $298.5M

For detailed information about FNLC stock, go to TipRanks’ Stock Analysis page.