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NYSE:FBP

First BanCorp. (FBP) Stock Forecast, Price & News

$13.51
+0.05 (+0.37%)
(As of 01:56 PM ET)
Compare
Today's Range
$13.42
$13.60
50-Day Range
$13.20
$15.45
52-Week Range
$10.18
$16.23
Volume
491,395 shs
Average Volume
1.32 million shs
Market Capitalization
$2.41 billion
P/E Ratio
8.55
Dividend Yield
4.15%
Price Target
$14.75

First BanCorp. MarketRank™ Forecast

Analyst Rating
Hold
2.00 Rating Score
Upside/​Downside
9.5% Upside
$14.75 Price Target
Short Interest
Healthy
1.73% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
N/A
News Sentiment
0.42mentions of First BanCorp. in the last 14 days
Based on 5 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
2.63%
From $1.52 to $1.56 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

1.85 out of 5 stars

Finance Sector

729th out of 878 stocks

State Commercial Banks Industry

174th out of 183 stocks


FBP stock logo

About First BanCorp. (NYSE:FBP) Stock

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. The Commercial and Corporate Banking segment offers commercial loans, including commercial real estate and construction loans, as well as other products, such as cash management and business management services. The Mortgage Banking segment engages in the origination, sale, and servicing of various residential mortgage loans; acquisition and sale of mortgages in the secondary markets; and purchase of mortgage loans from other local banks and mortgage bankers. The Consumer (Retail) Banking segment provides auto loans, finance leases, boat and personal loans, credit card loans, and lines of credit; and interest-bearing and non-interest-bearing checking and savings accounts, and individual retirement accounts and retail certificates of deposit (CDs), as well as insurance agency services. The Treasury and Investments segment offers funding and liquidity management services. The United States Operations segment provides checking, savings, and money market accounts, as well as retail CDs; traditional commercial and industrial, and commercial real estate loans, residential mortgages, home equity loans, lines of credit, FHLB advances, and brokered CDs; and internet banking, cash management, remote deposit capture, and automated clearing house transactions services. The Virgin Islands Operations segment is involved in consumer, commercial lending, and deposit-taking activities. First BanCorp. was founded in 1948 and is headquartered in San Juan, Puerto Rico.

FBP Price History

FBP Stock News Headlines

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First BanCorp to implement $225M buyback program
First BanCorp. declares $0.14 dividend
First BanCorp Announces Capital Actions
Investar (ISTR) Tops Q2 Earnings Estimates
See More Headlines
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FBP Company Calendar

Last Earnings
7/27/2023
Ex-Dividend for 9/8 Dividend
8/23/2023
Dividend Payable
9/08/2023
Today
10/02/2023
Next Earnings (Estimated)
10/24/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
State commercial banks
Sub-Industry
Regional Banks
Sector
Finance
CUSIP
31867270
Employees
3,133
Year Founded
1948

Price Target and Rating

Average Stock Price Forecast
$14.75
High Stock Price Forecast
$17.00
Low Stock Price Forecast
$12.50
Forecasted Upside/Downside
+9.6%
Consensus Rating
Hold
Rating Score (0-4)
2.00
Research Coverage
1 Analysts

Profitability

Net Income
$305.07 million
Pretax Margin
39.65%

Debt

Sales & Book Value

Annual Sales
$918.39 million
Cash Flow
$1.84 per share
Book Value
$7.34 per share

Miscellaneous

Free Float
174,554,000
Market Cap
$2.40 billion
Optionable
Optionable
Beta
1.14

Social Links

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Key Executives

  • Mr. Aurelio Aleman-Bermudez (Age 64)
    Pres, CEO & Director
    Comp: $2.38M
  • Mr. Orlando Berges-González CPA (Age 65)
    CPA, Exec. VP & CFO
    Comp: $973.74k
  • Mr. Donald L. Kafka (Age 63)
    Exec. VP & COO
    Comp: $864.23k
  • Mr. Cassan A. Pancham (Age 62)
    Exec. VP & Bus. Group Director
    Comp: $741.47k
  • Ms. Nayda Rivera-Batista CPA (Age 50)
    Exec. VP & Chief Risk Officer
    Comp: $839.65k
  • Mr. Said Ortiz CPA
    Chief Accounting Officer, Controller & Sr. VP
  • Ramon Rodriguez C.F.A.
    Sr. VP of Corp. Strategy / Investor Relations
  • Ms. Sara Alvarez-Cabrero (Age 48)
    Exec. VP, Gen. Counsel & Sec. of the Board
  • Ms. Ginoris Lopez-Lay (Age 55)
    Exec. VP & Strategic Management Director
  • Mr. Thomas Michael McDonald (Age 61)
    Exec. VP & Bus. Group Director













FBP Stock - Frequently Asked Questions

Should I buy or sell First BanCorp. stock right now?

1 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for First BanCorp. in the last year. There are currently 1 hold rating for the stock. The consensus among Wall Street research analysts is that investors should "hold" FBP shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in FBP, but not buy additional shares or sell existing shares.
View FBP analyst ratings
or view top-rated stocks.

What is First BanCorp.'s stock price forecast for 2023?

1 brokerages have issued twelve-month price objectives for First BanCorp.'s stock. Their FBP share price forecasts range from $12.50 to $17.00. On average, they anticipate the company's stock price to reach $14.75 in the next twelve months. This suggests a possible upside of 9.6% from the stock's current price.
View analysts price targets for FBP
or view top-rated stocks among Wall Street analysts.

How have FBP shares performed in 2023?

First BanCorp.'s stock was trading at $12.72 at the beginning of the year. Since then, FBP shares have increased by 5.8% and is now trading at $13.46.
View the best growth stocks for 2023 here
.

Are investors shorting First BanCorp.?

First BanCorp. saw a increase in short interest in September. As of September 15th, there was short interest totaling 3,010,000 shares, an increase of 44.0% from the August 31st total of 2,090,000 shares. Based on an average trading volume of 1,090,000 shares, the short-interest ratio is presently 2.8 days. Currently, 1.7% of the company's stock are short sold.
View First BanCorp.'s Short Interest
.

When is First BanCorp.'s next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, October 24th 2023.
View our FBP earnings forecast
.

How were First BanCorp.'s earnings last quarter?

First BanCorp. (NYSE:FBP) posted its earnings results on Thursday, July, 27th. The bank reported $0.37 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.35 by $0.02. The bank earned $236.09 million during the quarter, compared to analyst estimates of $231.53 million. First BanCorp. had a net margin of 27.51% and a trailing twelve-month return on equity of 21.15%.

How often does First BanCorp. pay dividends? What is the dividend yield for First BanCorp.?

First BanCorp. declared a quarterly dividend on Monday, July 24th. Stockholders of record on Thursday, August 24th will be paid a dividend of $0.14 per share on Friday, September 8th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 4.16%. The ex-dividend date of this dividend is Wednesday, August 23rd.
Read our dividend analysis for FBP
.

Is First BanCorp. a good dividend stock?

First BanCorp. (NYSE:FBP) pays an annual dividend of $0.56 per share and currently has a dividend yield of 4.16%. FBP has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company has been increasing its dividend for 3 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 35.44%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, FBP will have a dividend payout ratio of 35.90% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for FBP.

What is Aurelio Alemán's approval rating as First BanCorp.'s CEO?

17 employees have rated First BanCorp. Chief Executive Officer Aurelio Alemán on Glassdoor.com. Aurelio Alemán has an approval rating of 91% among the company's employees. This puts Aurelio Alemán in the top 30% of approval ratings compared to other CEOs of publicly-traded companies.

What other stocks do shareholders of First BanCorp. own?

Based on aggregate information from My MarketBeat watchlists, some companies that other First BanCorp. investors own include General Electric (GE), Freeport-McMoRan (FCX), Intel (INTC), Huntington Bancshares (HBAN), KeyCorp (KEY), AT&T (T), Energy Transfer (ET), Ford Motor (F), Advanced Micro Devices (AMD) and Bank of America (BAC).

What is First BanCorp.'s stock symbol?

First BanCorp. trades on the New York Stock Exchange (NYSE) under the ticker symbol "FBP."

How do I buy shares of First BanCorp.?

Shares of FBP stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is First BanCorp.'s stock price today?

One share of FBP stock can currently be purchased for approximately $13.46.

How much money does First BanCorp. make?

First BanCorp. (NYSE:FBP) has a market capitalization of $2.40 billion and generates $918.39 million in revenue each year. The bank earns $305.07 million in net income (profit) each year or $1.58 on an earnings per share basis.

How many employees does First BanCorp. have?

The company employs 3,133 workers across the globe.

How can I contact First BanCorp.?

First BanCorp.'s mailing address is 1519 PONCE DE LEON AVE STOP 23, SAN JUAN PR, 00908. The official website for the company is www.1firstbank.com. The bank can be reached via phone at (787) 729-8200, via email at john.pelling@firstbankpr.com, or via fax at 787-724-5040.

This page (NYSE:FBP) was last updated on 10/2/2023 by MarketBeat.com Staff

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