FIRST BCP-NC (FBNC) Downgraded by Zacks to NEUTRAL

Zacks Zacks Investment Research downgraded shares of FIRST BCP-NC (FBNC) from OUTPERFORM to NEUTRAL on February 08, 2013, with a target price of $14.50.

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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