First BanCorp. (NYSE:FBP) Position Increased by XTX Topco Ltd

XTX Topco Ltd increased its holdings in shares of First BanCorp. (NYSE:FBP - Free Report) by 173.3% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 44,663 shares of the bank's stock after purchasing an additional 28,322 shares during the period. XTX Topco Ltd's holdings in First BanCorp. were worth $856,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the business. Norges Bank acquired a new stake in shares of First BanCorp. in the 4th quarter worth $35,275,000. First Trust Advisors LP grew its stake in shares of First BanCorp. by 42.8% during the 4th quarter. First Trust Advisors LP now owns 4,871,338 shares of the bank's stock worth $90,558,000 after purchasing an additional 1,460,789 shares during the period. Millennium Management LLC lifted its stake in shares of First BanCorp. by 381.9% in the fourth quarter. Millennium Management LLC now owns 948,153 shares of the bank's stock valued at $17,626,000 after purchasing an additional 751,413 shares during the period. Cubist Systematic Strategies LLC purchased a new stake in First BanCorp. during the fourth quarter worth about $8,264,000. Finally, Voloridge Investment Management LLC boosted its holdings in First BanCorp. by 132.7% during the fourth quarter. Voloridge Investment Management LLC now owns 733,276 shares of the bank's stock worth $13,632,000 after buying an additional 418,168 shares in the last quarter. Institutional investors and hedge funds own 97.91% of the company's stock.

First BanCorp. Trading Up 0.2%

FBP stock traded up $0.05 during midday trading on Tuesday, reaching $20.49. 2,256,931 shares of the company's stock traded hands, compared to its average volume of 1,276,725. The business has a 50-day moving average price of $20.81 and a two-hundred day moving average price of $19.92. First BanCorp. has a fifty-two week low of $16.40 and a fifty-two week high of $22.40. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.80 and a quick ratio of 0.80. The company has a market capitalization of $3.31 billion, a P/E ratio of 10.90, a PEG ratio of 1.27 and a beta of 0.96.

First BanCorp. (NYSE:FBP - Get Free Report) last posted its earnings results on Tuesday, July 22nd. The bank reported $0.50 EPS for the quarter, topping analysts' consensus estimates of $0.47 by $0.03. First BanCorp. had a net margin of 24.71% and a return on equity of 17.54%. The business had revenue of $246.81 million for the quarter, compared to analysts' expectations of $250.73 million. During the same period in the previous year, the company posted $0.46 earnings per share. Equities research analysts forecast that First BanCorp. will post 1.85 EPS for the current fiscal year.

First BanCorp. Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, September 12th. Investors of record on Thursday, August 28th will be paid a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a dividend yield of 3.5%. The ex-dividend date is Thursday, August 28th. First BanCorp.'s payout ratio is 38.30%.

Wall Street Analyst Weigh In

Separately, Wells Fargo & Company raised their target price on shares of First BanCorp. from $22.00 to $25.00 and gave the company an "overweight" rating in a report on Thursday, July 10th.

First BanCorp. Company 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.