Director McLamb buys 811 FBNC shares at $30.47; stock down 5.0% in 30 days, 13.3% in 90 days.
McLamb Carlie C Jr, a director, purchased 811 shares of First Bancorp /NC/ at $30.47 on 2024-06-24, increasing his holdings by 2.5% to 33,139 shares. The purchase value was $24,711.17. At current price of $41.71, the stock has recovered from the transaction price but remains down 5.0% over 30 days and down 13.3% over 90 days from recent highs. His prior trades at FBNC show mixed timing outcomes: his 2023-09-22 buy delivered a +36.9% 90-day return, but his 2024-03-15 buy declined -9.7% over 90 days, resulting in 1 of 3 prior same-ticker trades being well-timed at the 90-day mark. Fundamentals show strong revenue growth of +88.1% year-over-year and a reasonable P/E of 16.82, though recent price momentum has been negative.