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Closing prices for crude oil, gold and other commodities
S&P 500   5,051.41
DOW   37,798.97
QQQ   431.10
ASML’s Earnings Could Bring The Stock to New Highs
Kinder Morgan Stock Bid Up In An Oil Breakout
Undervalued UnitedHealth Group Won’t Be For Long
Silicon Motion Proves That AI in Motion Stays in Motion
DocuSign and The Case for 66% Upside 
3 Computer Vision Stocks for Long-Term Gains From AI
Closing prices for crude oil, gold and other commodities
S&P 500   5,051.41
DOW   37,798.97
QQQ   431.10
ASML’s Earnings Could Bring The Stock to New Highs
Kinder Morgan Stock Bid Up In An Oil Breakout
Undervalued UnitedHealth Group Won’t Be For Long
Silicon Motion Proves That AI in Motion Stays in Motion
DocuSign and The Case for 66% Upside 
3 Computer Vision Stocks for Long-Term Gains From AI
Closing prices for crude oil, gold and other commodities
S&P 500   5,051.41
DOW   37,798.97
QQQ   431.10
ASML’s Earnings Could Bring The Stock to New Highs
Kinder Morgan Stock Bid Up In An Oil Breakout
Undervalued UnitedHealth Group Won’t Be For Long
Silicon Motion Proves That AI in Motion Stays in Motion
DocuSign and The Case for 66% Upside 
3 Computer Vision Stocks for Long-Term Gains From AI
Closing prices for crude oil, gold and other commodities
NYSE:FBP

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

$16.30
-0.30 (-1.81%)
(As of 04/16/2024 ET)
Today's Range
$16.27
$16.47
50-Day Range
$16.35
$17.54
52-Week Range
$10.18
$17.70
Volume
613,472 shs
Average Volume
1.13 million shs
Market Capitalization
$2.76 billion
P/E Ratio
9.59
Dividend Yield
3.93%
Price Target
$17.50

First BanCorp. MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.50 Rating Score
Upside/​Downside
7.4% Upside
$17.50 Price Target
Short Interest
Healthy
1.33% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
N/A
News Sentiment
0.26mentions of First BanCorp. in the last 14 days
Based on 9 Articles This Week
Insider Trading
Selling Shares
$2.28 M Sold Last Quarter
Proj. Earnings Growth
10.84%
From $1.66 to $1.84 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

3.08 out of 5 stars

Finance Sector

472nd out of 817 stocks

State Commercial Banks Industry

122nd out of 169 stocks

FBP stock logo

About First BanCorp. Stock (NYSE:FBP)

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; hedging activities; and purchase of mortgage loans from branch 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, term and construction loan, 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 Stock Price History

FBP Stock News Headlines

Can't believe it's happening again
One of the single most unique and powerful events in the markets is coming in the next two months. It’s scheduled for April 22, 2024. But investors are moving now to get ahead of what’s coming… driving up prices of one asset dramatically. And you should do the same.
Can't believe it's happening again
One of the single most unique and powerful events in the markets is coming in the next two months. It’s scheduled for April 22, 2024. But investors are moving now to get ahead of what’s coming… driving up prices of one asset dramatically. And you should do the same.
FBP: Raising target price to $18.00
First BanCorp Has Had A Great Run (Downgrade)
First BanCorp (Puerto Rico)
First BanCorp raises dividend by 14.3% to $0.16 a share
See More Headlines
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Company Calendar

Last Earnings
1/24/2024
Ex-Dividend for 3/8 Dividend
2/22/2024
Dividend Payable
3/08/2024
Today
4/16/2024
Next Earnings (Confirmed)
4/23/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Sector
Finance
Industry
State commercial banks
Sub-Industry
Regional Banks
CUSIP
31867270
Employees
3,168
Year Founded
1948

Price Target and Rating

Average Stock Price Target
$17.50
High Stock Price Target
$19.00
Low Stock Price Target
$16.00
Potential Upside/Downside
+7.4%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.50
Research Coverage
2 Analysts

Profitability

Net Income
$302.86 million
Pretax Margin
34.38%

Debt

Sales & Book Value

Annual Sales
$1.16 billion
Cash Flow
$1.91 per share
Book Value
$8.68 per share

Miscellaneous

Free Float
165,240,000
Market Cap
$2.76 billion
Optionable
Optionable
Beta
1.16

Social Links

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Key Executives

  • Mr. Aurelio Aleman-Bermudez (Age 65)
    President, CEO & Director
    Comp: $2.38M
  • Mr. Orlando Berges-González CPA (Age 66)
    Executive VP & CFO
    Comp: $973.74k
  • Mr. Donald L. KafkaMr. Donald L. Kafka (Age 64)
    Executive VP & COO
    Comp: $864.23k
  • Mr. Cassan A. Pancham (Age 63)
    Executive VP & Business Group Director
    Comp: $741.47k
  • Ms. Nayda Rivera-Batista CPA (Age 51)
    Executive VP & Chief Risk Officer
    Comp: $839.65k
  • Mr. Said Ortiz CPA
    Chief Accounting Officer, Controller & Senior VP
  • Ramon Rodriguez C.F.A.
    Senior Vice President of Corporate Strategy / Investor Relations
  • Ms. Sara Alvarez-Cabrero (Age 49)
    Executive VP, General Counsel & Secretary of the Board
  • Ms. Ginoris Lopez-Lay (Age 56)
    Executive VP & Strategic Management Director
  • Mr. Thomas Michael McDonald (Age 62)
    Executive VP & Business Group Director
    Comp: $496.34k

FBP Stock Analysis - Frequently Asked Questions

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

2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for First BanCorp. in the last twelve months. There are currently 1 hold rating and 1 buy rating for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" FBP shares.
View FBP analyst ratings
or view top-rated stocks.

What is First BanCorp.'s stock price target for 2024?

2 Wall Street analysts have issued 1-year target prices for First BanCorp.'s shares. Their FBP share price targets range from $16.00 to $19.00. On average, they anticipate the company's share price to reach $17.50 in the next twelve months. This suggests a possible upside of 7.4% 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 2024?

First BanCorp.'s stock was trading at $16.45 at the beginning of the year. Since then, FBP stock has decreased by 0.9% and is now trading at $16.2950.
View the best growth stocks for 2024 here
.

Are investors shorting First BanCorp.?

First BanCorp. saw a decrease in short interest during the month of March. As of March 31st, there was short interest totaling 2,170,000 shares, a decrease of 15.9% from the March 15th total of 2,580,000 shares. Based on an average daily trading volume, of 1,140,000 shares, the days-to-cover ratio is currently 1.9 days. Currently, 1.3% of the shares of the 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, April 23rd 2024.
View our FBP earnings forecast
.

How can I listen to First BanCorp.'s earnings call?

First BanCorp. will be holding an earnings conference call on Tuesday, April 23rd at 10:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at 866-813-9403 with passcode "838187".

How were First BanCorp.'s earnings last quarter?

First BanCorp. (NYSE:FBP) released its quarterly earnings data on Wednesday, January, 24th. The bank reported $0.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.35 by $0.14. The bank earned $299.09 million during the quarter, compared to the consensus estimate of $227.75 million. First BanCorp. had a net margin of 26.19% and a trailing twelve-month return on equity of 21.62%. During the same quarter last year, the firm posted $0.40 EPS.

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

First BanCorp. announced a quarterly dividend on Thursday, February 8th. Shareholders of record on Friday, February 23rd will be paid a dividend of $0.16 per share on Friday, March 8th. This represents a $0.64 annualized dividend and a dividend yield of 3.93%. The ex-dividend date of this dividend is Thursday, February 22nd. This is a boost from the stock's previous quarterly dividend of $0.14.
Read our dividend analysis for FBP
.

Is First BanCorp. a good dividend stock?

First BanCorp. (NYSE:FBP) pays an annual dividend of $0.64 per share and currently has a dividend yield of 3.84%. The company has been increasing its dividend for 4 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 37.65%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, FBP will have a dividend payout ratio of 34.78% 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).

Who are First BanCorp.'s major shareholders?

First BanCorp.'s stock is owned by many different institutional and retail investors. Top institutional investors include Hennessy Advisors Inc. (0.05%), Range Financial Group LLC (0.05%) and Los Angeles Capital Management LLC (0.03%). Insiders that own company stock include Aurelio Aleman, Carlos Power, Crespo Luz, Donald Kafka, Gonzalez Orlando Berges, John A Heffern, Michael Mcdonald, Nayda Rivera, Patricia Eaves, Roberto R Herencia and Tracey A Dedrick.
View institutional ownership trends
.

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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NYSE:FBP) was last updated on 4/17/2024 by MarketBeat.com Staff

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