First BanCorp. (NYSE:FBP) Stock Position Increased by Deutsche Bank AG

Deutsche Bank AG lifted its position in shares of First BanCorp. (NYSE:FBP - Free Report) by 6.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 715,589 shares of the bank's stock after acquiring an additional 43,168 shares during the period. Deutsche Bank AG owned about 0.44% of First BanCorp. worth $13,303,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. R Squared Ltd acquired a new stake in shares of First BanCorp. during the fourth quarter worth $28,000. Picton Mahoney Asset Management boosted its holdings in shares of First BanCorp. by 48.2% in the 4th quarter. Picton Mahoney Asset Management now owns 1,580 shares of the bank's stock valued at $29,000 after buying an additional 514 shares during the period. Blue Trust Inc. grew its position in shares of First BanCorp. by 31.9% during the 4th quarter. Blue Trust Inc. now owns 2,243 shares of the bank's stock valued at $42,000 after buying an additional 542 shares during the last quarter. Wilmington Savings Fund Society FSB raised its stake in First BanCorp. by 17.3% during the fourth quarter. Wilmington Savings Fund Society FSB now owns 3,681 shares of the bank's stock worth $68,000 after acquiring an additional 544 shares during the period. Finally, Smartleaf Asset Management LLC lifted its holdings in First BanCorp. by 394.8% in the fourth quarter. Smartleaf Asset Management LLC now owns 3,800 shares of the bank's stock worth $70,000 after acquiring an additional 3,032 shares during the last quarter. 97.91% of the stock is owned by institutional investors and hedge funds.

First BanCorp. Stock Performance

Shares of NYSE FBP traded down $0.03 during midday trading on Monday, hitting $20.92. 754,710 shares of the company's stock were exchanged, compared to its average volume of 1,096,800. First BanCorp. has a twelve month low of $16.40 and a twelve month high of $22.40. The firm has a market cap of $3.38 billion, a P/E ratio of 11.56, a PEG ratio of 1.34 and a beta of 0.93. The stock's 50 day moving average price is $18.96 and its 200-day moving average price is $19.56. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.81 and a quick ratio of 0.80.

First BanCorp. (NYSE:FBP - Get Free Report) last issued its quarterly earnings results on Thursday, April 24th. The bank reported $0.47 EPS for the quarter, beating analysts' consensus estimates of $0.43 by $0.04. First BanCorp. had a return on equity of 18.89% and a net margin of 24.37%. The company had revenue of $248.13 million for the quarter, compared to analyst estimates of $243.08 million. During the same period last year, the company earned $0.44 earnings per share. The company's quarterly revenue was up 7.6% compared to the same quarter last year. Equities research analysts anticipate that First BanCorp. will post 1.85 EPS for the current year.

First BanCorp. Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Thursday, May 29th will be given a dividend of $0.18 per share. The ex-dividend date of this dividend is Thursday, May 29th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 3.44%. First BanCorp.'s dividend payout ratio (DPR) is 39.13%.

Analysts Set New Price Targets

FBP has been the topic of a number of research reports. Keefe, Bruyette & Woods increased their price target on First BanCorp. from $25.00 to $26.00 and gave the stock an "outperform" rating in a research report on Friday, January 24th. Wells Fargo & Company upped their price objective on First BanCorp. from $20.00 to $22.00 and gave the stock an "overweight" rating in a research note on Monday, April 28th. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $22.80.

First BanCorp. Profile

First BanCorp. operates as a bank holding company for FirstBank Puerto Rico that provides a range of financial products and services to consumers and commercial customers. The company operates through six segments: Commercial and Corporate Banking, Mortgage Banking, Consumer (Retail) Banking, Treasury and Investments, United States Operations, and Virgin Islands Operations.