FIRST BCP-NC (FBNC) Upgraded by Zacks to OUTPERFORM

Zacks Zacks Investment Research upgraded shares of FIRST BCP-NC (FBNC) from NEUTRAL to OUTPERFORM on January 02, 2013, with a target price of $13.80.

First Bancorp is a one-bank holding company. The principal activity of the Company is the ownership and operation of First Bank. They also own and operate two nonbank subsidiaries, Montgomery Data Services, Inc. and First Bancorp Financial Services, Inc.

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