Regional Bank Stock Up 33% as $3.7 Million Exit Tells a Different Story

Old North State Trust sold all 72,921 shares of First Bancorp in Q4, an estimated transaction value of $3.70 million based on quarterly average prices. The filing indicates a full institutional exit but is a relatively small ($3.7M) position likely to have minimal market impact on the bank's stock.

Analysis

Old North State Trust sold all 72,921 shares of First Bancorp in Q4, an estimated transaction value of $3.70 million based on quarterly average prices. The filing indicates a full institutional exit but is a relatively small ($3.7M) position likely to have minimal market impact on the bank's stock.