Zacks Research downgraded shares of First Bancorp (NASDAQ:FBNC – Free Report) from a strong-buy rating to a hold rating in a research note issued to investors on Monday morning,Zacks.com reports. Finally, Stephens boosted their price target on First Bancorp from $53.00 to $57.00 and gave the company an “overweight” rating in a research report on Monday, July 28th. Two research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, First Bancorp currently has an average rating of “Hold” and an average price target of $56.67. Get First Bancorp alerts:Check Out Our Latest Report on First BancorpFirst Bancorp Stock Down 0.2%FBNC opened at $52.76 on Monday.