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

1 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for First BanCorp. in the last twelve months. There are currently 1 hold rating for the stock. The consensus among Wall Street equities 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.

1 analysts have issued twelve-month target prices for First BanCorp.'s stock. Their FBP share price forecasts range from $12.50 to $16.00. On average, they anticipate the company's share price to reach $14.25 in the next twelve months. This suggests a possible upside of 12.6% from the stock's current price.
View analysts price targets for FBP or view top-rated stocks among Wall Street analysts.

First BanCorp.'s stock was trading at $12.72 at the beginning of the year. Since then, FBP stock has decreased by 0.5% and is now trading at $12.66.
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First BanCorp. saw a increase in short interest during the month of May. As of May 15th, there was short interest totaling 3,510,000 shares, an increase of 15.1% from the April 30th total of 3,050,000 shares. Based on an average daily trading volume, of 1,540,000 shares, the days-to-cover ratio is presently 2.3 days. Approximately 2.0% of the shares of the company are short sold.
View First BanCorp.'s Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Friday, July 28th 2023.
View our FBP earnings forecast.

First BanCorp. (NYSE:FBP) posted its quarterly earnings results on Tuesday, April, 25th. The bank reported $0.39 EPS for the quarter, beating analysts' consensus estimates of $0.35 by $0.04. The bank earned $274.91 million during the quarter, compared to the consensus estimate of $226.91 million. First BanCorp. had a net margin of 29.26% and a trailing twelve-month return on equity of 21.11%. During the same period last year, the company earned $0.41 earnings per share.

First BanCorp. announced a quarterly dividend on Thursday, April 27th. Stockholders of record on Wednesday, May 24th will be paid a dividend of $0.14 per share on Friday, June 9th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 4.42%. The ex-dividend date is Tuesday, May 23rd.
Read our dividend analysis for FBP.

ETFs with the largest weight of First BanCorp. (NYSE:FBP) stock in their portfolio include Invesco KBW Regional Banking ETF (KBWR), Newday Ocean Health ETF (AHOY), Invesco S&P SmallCap Quality ETF (XSHQ), First Trust SMID Cap Rising Dividend Archievers ETF (SDVY), Invesco S&P SmallCap Financials ETF (PSCF), SPDR S&P Regional Banking ETF (KRE), SPDR S&P Bank ETF (KBE) and Invesco S&P SmallCap 600 Pure Growth ETF (RZG).

First BanCorp. (NYSE:FBP) pays an annual dividend of $0.56 per share and currently has a dividend yield of 4.45%. 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 35.67%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, FBP will have a dividend payout ratio of 36.36% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for FBP.

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.

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).

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

First BanCorp.'s stock is owned by many different retail and institutional investors. Top institutional investors include BlackRock Inc. (14.92%), Dimensional Fund Advisors LP (6.77%), American Century Companies Inc. (5.77%), State Street Corp (5.33%), FMR LLC (4.69%) and Bank of New York Mellon Corp (2.43%). Insiders that own company stock include Aurelio Aleman, Daniel Edward Frye, Gonzalez Orlando Berges, John A Heffern, Lawrence Odell, Michael Mcdonald, Nayda Rivera, Patricia Eaves, Roberto R Herencia and Tracey A Dedrick.
View institutional ownership trends.

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.
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One share of FBP stock can currently be purchased for approximately $12.66.

First BanCorp. (NYSE:FBP) has a market capitalization of $2.28 billion and generates $918.39 million in revenue each year. The bank earns $305.07 million in net income (profit) each year or $1.57 on an earnings per share basis.

The company employs 3,133 workers across the globe.

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.