XTX Topco Ltd Has $856,000 Position in First BanCorp. (NYSE:FBP)

XTX Topco Ltd boosted its holdings in First BanCorp. (NYSE:FBP - Free Report) by 173.3% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 44,663 shares of the bank's stock after acquiring an additional 28,322 shares during the quarter. XTX Topco Ltd's holdings in First BanCorp. were worth $856,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also modified their holdings of FBP. Farther Finance Advisors LLC raised its stake in First BanCorp. by 103.4% during the first quarter. Farther Finance Advisors LLC now owns 1,383 shares of the bank's stock worth $27,000 after purchasing an additional 703 shares during the period. Federated Hermes Inc. increased its position in First BanCorp. by 919.3% during the 4th quarter. Federated Hermes Inc. now owns 4,057 shares of the bank's stock worth $75,000 after purchasing an additional 3,659 shares in the last quarter. Sterling Capital Management LLC raised its holdings in First BanCorp. by 806.0% in the fourth quarter. Sterling Capital Management LLC now owns 4,711 shares of the bank's stock valued at $88,000 after buying an additional 4,191 shares during the period. MorganRosel Wealth Management LLC acquired a new position in First BanCorp. during the first quarter valued at approximately $96,000. Finally, Perkins Coie Trust Co raised its stake in shares of First BanCorp. by 10.0% in the 1st quarter. Perkins Coie Trust Co now owns 11,000 shares of the bank's stock valued at $211,000 after acquiring an additional 1,000 shares during the period. Institutional investors and hedge funds own 97.91% of the company's stock.

Wall Street Analysts Forecast Growth

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

First BanCorp. Stock Performance

FBP stock traded up $0.04 during trading on Thursday, hitting $20.40. 460,950 shares of the company's stock traded hands, compared to its average volume of 1,204,868. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 0.17. The stock has a fifty day moving average price of $20.81 and a two-hundred day moving average price of $19.93. First BanCorp. has a 52 week low of $16.40 and a 52 week high of $22.40. The stock has a market capitalization of $3.29 billion, a price-to-earnings ratio of 10.86, a price-to-earnings-growth ratio of 1.27 and a beta of 0.96.

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

First BanCorp. Dividend Announcement

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

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.