First Bancorp Company Profile (NYSE:FBP)

About First Bancorp (NYSE:FBP)

First Bancorp logoFirst BanCorp. is a financial holding company. As of December 31, 2016, the Company controlled two subsidiaries: FirstBank Puerto Rico (the Bank or FirstBank) and FirstBank Insurance Agency, Inc. (FirstBank Insurance Agency). It operates in six segments: Commercial and Corporate Banking, which consists of lending and other services; Consumer (Retail) Banking, which consists of consumer lending and deposit-taking activities; Mortgage Banking, which consists of the origination, sale, and servicing of a range of residential mortgage loan products and related hedging activities; Treasury and Investments, which consists of treasury and investment management functions; United States Operations, which consists of all banking activities conducted by FirstBank on the United States mainland, and Virgin Islands Operations, which consists of banking activities conducted by FirstBank in the United States Virgin Islands and British Virgin Islands, including retail and commercial banking services.

Industry, Sector and Symbol:
  • Sector: Finance
  • Industry: Foreign Regional Banks
  • Sub-Industry: Regional Banks
  • Symbol: NYSE:FBP
  • CUSIP: 31867270
  • Web: www.firstbankpr.com
Capitalization:
  • Market Cap: $1.15 billion
  • Outstanding Shares: 213,597,000
Average Prices:
  • 50 Day Moving Avg: $5.65
  • 200 Day Moving Avg: $6.15
  • 52 Week Range: $3.59 - $7.05
P/E:
  • Trailing P/E Ratio: 12.51
  • Foreward P/E Ratio: 11.21
  • P/E Growth: 0.99
Sales & Book Value:
  • Annual Revenue: $470.42 million
  • Price / Sales: 2.44
  • Book Value: $8.37 per share
  • Price / Book: 0.64
Profitability:
  • Net Margins: 14.23%
  • Return on Equity: 5.33%
  • Return on Assets: 0.76%
Debt:
  • Debt-to-Equity Ratio: 0.51%
  • Current Ratio: 0.98%
  • Quick Ratio: 0.98%
Misc:
  • Average Volume: 1.41 million shs.
  • Beta: 2.11
  • Short Ratio: 2.17
 

Frequently Asked Questions for First Bancorp (NYSE:FBP)

What is First Bancorp's stock symbol?

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

How were First Bancorp's earnings last quarter?

First Bancorp (NYSE:FBP) issued its quarterly earnings data on Tuesday, April, 25th. The company reported $0.11 EPS for the quarter, topping analysts' consensus estimates of $0.10 by $0.01. The business earned $130.79 million during the quarter, compared to analysts' expectations of $139.80 million. First Bancorp had a net margin of 14.23% and a return on equity of 5.33%. During the same period last year, the company posted $0.11 EPS. View First Bancorp's Earnings History.

Where is First Bancorp's stock going? Where will First Bancorp's stock price be in 2017?

2 analysts have issued twelve-month price targets for First Bancorp's shares. Their predictions range from $7.00 to $7.50. On average, they expect First Bancorp's share price to reach $7.25 in the next twelve months. View Analyst Ratings for First Bancorp.

Who are some of First Bancorp's key competitors?

Who owns First Bancorp stock?

First Bancorp's stock is owned by a variety of of institutional and retail investors. Top institutional investors include Lee Thomas H Partners LP (9.38%), BlackRock Inc. (8.26%), Vanguard Group Inc. (6.84%), Dimensional Fund Advisors LP (4.35%), Wellington Management Group LLP (3.95%) and Frontier Capital Management Co. LLC (3.69%). Company insiders that own First Bancorp stock include Cassan Pancham, Ginoris Lopez-Lay, Gonzalez Orlando Berges, Lawrence Odell, Nayda Rivera and Oaktree Fund Gp, Llc. View Institutional Ownership Trends for First Bancorp.

Who sold First Bancorp stock? Who is selling First Bancorp stock?

First Bancorp's stock was sold by a variety of institutional investors in the last quarter, including Lee Thomas H Partners LP, Bank of New York Mellon Corp, Laurion Capital Management LP, Hotchkis & Wiley Capital Management LLC, JPMorgan Chase & Co., Morgan Stanley, Wells Fargo & Company MN and Russell Investments Group Ltd.. Company insiders that have sold First Bancorp stock in the last year include Cassan Pancham, Gonzalez Orlando Berges, Lawrence Odell, Nayda Rivera and Oaktree Fund Gp, Llc. View Insider Buying and Selling for First Bancorp.

Who bought First Bancorp stock? Who is buying First Bancorp stock?

First Bancorp's stock was acquired by a variety of institutional investors in the last quarter, including BlackRock Inc., Wellington Management Group LLP, Vanguard Group Inc., State Street Corp, Dimensional Fund Advisors LP, AQR Capital Management LLC, EJF Capital LLC and Point72 Asset Management L.P.. View Insider Buying and Selling for First Bancorp.

How do I buy First Bancorp stock?

Shares of First Bancorp can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

How much does a share of First Bancorp stock cost?

One share of First Bancorp stock can currently be purchased for approximately $5.38.

Analyst Ratings

Consensus Ratings for First Bancorp (NYSE:FBP) (?)
Ratings Breakdown: 1 Hold Rating, 1 Buy Rating
Consensus Rating:Buy (Score: 2.50)
Consensus Price Target: $7.25 (34.76% upside)

Analysts' Ratings History for First Bancorp (NYSE:FBP)
Show:
DateFirmActionRatingPrice TargetImpact on Share PriceDetails
4/5/2017Keefe, Bruyette & WoodsReiterated RatingBuy$7.50HighView Rating Details
2/8/2017Citigroup IncInitiated CoverageNeutral$7.00N/AView Rating Details
4/8/2016Piper Jaffray CompaniesInitiated CoverageOverweight$5.00N/AView Rating Details
8/4/2015Stifel NicolausBoost Price TargetMarket Perform$19.00 -> $20.00N/AView Rating Details
7/27/2015GuggenheimUpgradeNeutral -> Buy$5.50N/AView Rating Details
6/29/2015Bank of America CorpDowngradeBuy -> Neutral$6.50N/AView Rating Details
(Data available from 5/26/2015 forward)

Earnings

Earnings History for First Bancorp (NYSE:FBP)
Earnings by Quarter for First Bancorp (NYSE:FBP)
Earnings History by Quarter for First Bancorp (NYSE:FBP)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
4/25/20173/31/2017$0.10$0.11$139.80 million$130.79 millionViewN/AView Earnings Details
1/26/2017Q416$0.09$0.11$118.97 million$144.63 millionViewN/AView Earnings Details
10/25/2016Q316$0.10$0.11$122.40 million$144.32 millionViewListenView Earnings Details
7/26/2016Q216$0.10$0.10$133.48 million$123.73 millionViewListenView Earnings Details
4/25/2016Q1$0.08$0.11$147.10 million$143.12 millionViewN/AView Earnings Details
1/28/2016Q415$0.09$0.07$126.81 million$148.38 millionViewListenView Earnings Details
10/26/2015Q315$0.09$0.07$134.18 million$143.69 millionViewListenView Earnings Details
7/29/2015Q2$0.11($0.16)$131.10 million$133.15 millionViewListenView Earnings Details
3/12/2015Q4 2014$0.11$0.14$149.20 million$147.05 millionViewN/AView Earnings Details
2/5/2015Q4$0.11$0.12$147.37 millionViewN/AView Earnings Details
10/27/2014Q314$0.11$0.11$151.70 million$143.87 millionViewN/AView Earnings Details
7/29/2014Q413$0.11$0.11$156.10 million$145.84 millionViewN/AView Earnings Details
4/24/2014Q313$0.10$0.08$150.13 million$142.67 millionViewN/AView Earnings Details
2/3/2014Q4 13$0.11$0.07$148.05 millionViewN/AView Earnings Details
10/23/2013Q3 13$0.09$0.09ViewN/AView Earnings Details
7/24/2013Q2 2013$0.09$0.08ViewN/AView Earnings Details
5/3/2013Q1 2013$0.09($0.02)$120.52 millionViewN/AView Earnings Details
(Data available from 1/1/2011 forward)

Estimates

Earnings Estimates for First Bancorp (NYSE:FBP)
Current Year EPS Consensus Estimate: $0.45 EPS
Next Year EPS Consensus Estimate: $0.48 EPS

Dividends

Dividend History for First Bancorp (NYSE:FBP)
No dividend announcements for this company have been tracked by MarketBeat.com

Insider Trades

Insider Trading and Institutional Ownership History for First Bancorp (NYSE:FBP)
Insider Ownership Percentage: 41.11%
Institutional Ownership Percentage: 84.24%
Insider Trades by Quarter for First Bancorp (NYSE:FBP)
Institutional Ownership by Quarter for First Bancorp (NYSE:FBP)
Insider Trades by Quarter for First Bancorp (NYSE:FBP)
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionDetails
5/2/2017Nayda RiveraEVPSell26,081$6.05$157,790.05View SEC Filing  
5/1/2017Gonzalez Orlando BergesCFOSell50,000$6.02$301,000.00View SEC Filing  
5/1/2017Lawrence OdellEVPSell25,000$6.10$152,500.00View SEC Filing  
12/5/2016Oaktree Fund Gp, LlcDirectorSell10,350,000$5.36$55,476,000.00View SEC Filing  
11/10/2016Nayda RiveraEVPSell8,085$5.77$46,650.45View SEC Filing  
8/8/2016Cassan PanchamEVPSell5,000$4.62$23,100.00View SEC Filing  
11/13/2015Ginoris Lopez-LayEVPSell10,000$3.88$38,800.00View SEC Filing  
8/1/2014Cassan PanchamEVPSell12,000$5.06$60,720.00View SEC Filing  
9/13/2013H. Lee Advisors (Altern Thomasmajor shareholderSell840,903$6.67$5,608,823.01View SEC Filing  
9/13/2013Michael HarmonDirectorSell840,904$6.67$5,608,829.68View SEC Filing  
8/16/2013H. Lee Advisors (Altern Thomasmajor shareholderSell8,000,000$6.67$53,360,000.00View SEC Filing  
2/26/2013Robert GormleyDirectorBuy10,000$5.42$54,200.00View SEC Filing  
8/16/2012Cortada Jose MenendezDirectorBuy5,000$3.75$18,750.00View SEC Filing  
(Data available from 1/1/2013 forward)

Headlines

Headline Trends for First Bancorp (NYSE:FBP)
Latest Headlines for First Bancorp (NYSE:FBP)
Source:
DateHeadline
americanbankingnews.com logoFirst Bancorp (FBP) Lowered to "Hold" at Zacks Investment Research
www.americanbankingnews.com - May 25 at 10:30 PM
finance.yahoo.com logoFirst BanCorp (Puerto Rico) breached its 50 day moving average in a Bearish Manner : FBP-US : May 11, 2017
finance.yahoo.com - May 11 at 5:46 PM
americanbankingnews.com logoZacks: Brokerages Anticipate First Bancorp (FBP) Will Post Earnings of $0.11 Per Share
www.americanbankingnews.com - May 10 at 2:08 PM
prnewswire.com logoHow These Banking Stocks are Faring? -- Grupo Financiero Santander Mexico, First Bancorp, Banco Santander, and Sumitomo Mitsui Financial
www.prnewswire.com - May 4 at 12:30 PM
americanbankingnews.com logoInsider Selling: First Bancorp (FBP) EVP Sells 26,081 Shares of Stock
www.americanbankingnews.com - May 3 at 7:06 PM
americanbankingnews.com logoLawrence Odell Sells 25,000 Shares of First Bancorp (FBP) Stock
www.americanbankingnews.com - May 2 at 9:56 PM
americanbankingnews.com logoFirst Bancorp (FBP) CFO Sells $301,000.00 in Stock
www.americanbankingnews.com - May 2 at 9:52 PM
americanbankingnews.com logoFirst Bancorp (FBP) Receiving Very Favorable Press Coverage, Analysis Finds
www.americanbankingnews.com - May 2 at 2:58 PM
seekingalpha.com logoNorth Carolina bank merger as First Bancorp agrees to buy ASB Bancorp
seekingalpha.com - May 1 at 4:57 PM
americanbankingnews.com logoFirst Bancorp (FBP) Receiving Somewhat Positive Press Coverage, AlphaOne Reports
www.americanbankingnews.com - April 29 at 2:51 PM
finance.yahoo.com logoFirst BanCorp (Puerto Rico) breached its 50 day moving average in a Bullish Manner : FBP-US : April 27, 2017
finance.yahoo.com - April 28 at 11:15 PM
americanbankingnews.com logoFirst Bancorp (FBP) Rating Increased to Buy at Zacks Investment Research
www.americanbankingnews.com - April 27 at 8:00 PM
americanbankingnews.com logoFirst Bancorp (FBP) Expected to Post Earnings of $0.11 Per Share
www.americanbankingnews.com - April 27 at 1:07 AM
americanbankingnews.com logoPositive Media Coverage Likely to Impact First Bancorp (FBP) Stock Price
www.americanbankingnews.com - April 26 at 11:06 PM
finance.yahoo.com logoEdited Transcript of FBP earnings conference call or presentation 25-Apr-17 2:00pm GMT
finance.yahoo.com - April 26 at 8:14 PM
seekingalpha.com logoFirst BanCorp's (FBP) CEO Aurelio Aleman on Q1 2017 Results - Earnings Call Transcript
seekingalpha.com - April 25 at 4:49 PM
americanbankingnews.com logoFirst Bancorp (FBP) Releases Quarterly Earnings Results, Beats Expectations By $0.01 EPS
www.americanbankingnews.com - April 25 at 2:14 PM
finance.yahoo.com logoFirst BanCorp. Announces Earnings for the Quarter Ended March 31, 2017
finance.yahoo.com - April 25 at 11:25 AM
marketbeat.com logoFirst Bancorp posts 1Q profit
marketbeat.com - April 25 at 7:28 AM
americanbankingnews.com logoFirst Bancorp (FBP) Getting Positive News Coverage, Analysis Finds
www.americanbankingnews.com - April 21 at 4:00 PM
americanbankingnews.com logo Brokerages Expect First Bancorp (FBP) to Post $0.10 Earnings Per Share
www.americanbankingnews.com - April 19 at 6:21 PM
americanbankingnews.com logoFirst Bancorp (FBP) Earning Somewhat Favorable Press Coverage, Study Shows
www.americanbankingnews.com - April 18 at 4:08 PM
finance.yahoo.com logoFirst BanCorp. Announces Payment of Dividends on Preferred Stock - Yahoo Finance
finance.yahoo.com - April 12 at 5:09 PM
finance.yahoo.com logoFirst BanCorp to Announce 1Q 2017 Results and Hold Conference Call on April 25, 2017
finance.yahoo.com - April 7 at 9:44 AM
americanbankingnews.com logoKeefe, Bruyette & Woods Reaffirms Buy Rating for First Bancorp (FBP)
www.americanbankingnews.com - April 5 at 11:07 PM
seekingalpha.com logoMacro Headwinds For First Bancorp Stiff, But Longer-Term Thesis Is Strong
seekingalpha.com - March 26 at 9:50 AM
finance.yahoo.com logoFIRST BANCORP /PR/ Financials
finance.yahoo.com - March 23 at 5:37 PM
bizjournals.com logoResearch Reports on Banking Equities -- First Bancorp, Grupo Financiero Santander Mexico, Banco Santander, and Sumitomo Mitsui Financial
www.bizjournals.com - March 17 at 5:26 PM
biz.yahoo.com logoFIRST BANCORP /PR/ Files SEC form 10-K, Annual Report
biz.yahoo.com - March 16 at 6:30 PM
businesswire.com logoFirst BanCorp. Announces Sale of PREPA Loan - Business Wire (press release)
www.businesswire.com - March 13 at 5:11 PM
finance.yahoo.com logoFirst BanCorp. Announces Sale of PREPA Loan
finance.yahoo.com - March 13 at 11:48 AM
streetinsider.com logoCiti Starts First BanCorp (FBP) at Neutral - StreetInsider.com - StreetInsider.com
www.streetinsider.com - February 8 at 5:41 PM
finance.yahoo.com logoCoverage initiated on First Bancorp by Citigroup
finance.yahoo.com - February 8 at 5:41 PM
nasdaq.com logoIs First Bancorp (FBP) a Top Pick for Value Investors? - Nasdaq
www.nasdaq.com - February 8 at 4:21 AM
us.rd.yahoo.com logoFirst BanCorp. Announces Payment of Dividends on Preferred Stock
us.rd.yahoo.com - February 7 at 11:21 PM
finance.yahoo.com logoIs First Bancorp (FBP) a Top Pick for Value Investors?
finance.yahoo.com - February 7 at 6:20 PM
us.rd.yahoo.com logoHoward Marks's Oaktree Buys Texas Oil and Gas Company on Jump in Proved Reserves
us.rd.yahoo.com - February 7 at 6:20 PM
streetinsider.com logoFirst Bancorp. (FBP) Reports 20M Common Stock Offering by ... - StreetInsider.com
www.streetinsider.com - February 1 at 10:48 PM
finance.yahoo.com logo5:02 pm First Bancorp commences 20 mln common stock offering -- 10 mln shares by funds affiliated with Thomas H. Lee Partners and 10 mln by Oaktree Capital (OAK)
finance.yahoo.com - February 1 at 10:47 PM
finance.yahoo.com logoFirst BanCorp. Announces that THL and Oaktree Commence Secondary Offering of 20 Million Shares
finance.yahoo.com - February 1 at 5:47 PM
finance.yahoo.com logoA Mutual Fund For Special Occasions: A Conversation With Value Fund Manager Tobias Carlisle, Part 1
finance.yahoo.com - January 27 at 6:51 PM
us.rd.yahoo.com logo7:06 am First Bancorp beats by $0.02
us.rd.yahoo.com - January 27 at 4:35 AM
nasdaq.com logoFirst BanCorp. Q4 Earnings Rise 59%
www.nasdaq.com - January 26 at 11:34 PM
us.rd.yahoo.com logoFirst BanCorp. Announces Earnings for the Quarter and Year Ended December 31, 2016
us.rd.yahoo.com - January 26 at 11:34 PM
biz.yahoo.com logoQ4 2016 First Bancorp Earnings Release - Before Market Open
us.rd.yahoo.com - January 26 at 11:34 PM
finance.yahoo.com logoEdited Transcript of FBP earnings conference call or presentation 26-Jan-17 3:00pm GMT
finance.yahoo.com - January 26 at 11:34 PM
seekingalpha.com logoFirst BanCorp's (FBP) CEO Aurelio Aleman on Q4 2016 Results - Earnings Call Transcript - Seeking Alpha
seekingalpha.com - January 26 at 6:33 PM
biz.yahoo.com logoFIRST BANCORP /PR/ Files SEC form 8-K, Results of Operations and Financial Condition, Financial Statements and Exhibi
biz.yahoo.com - January 26 at 6:33 PM
seekingalpha.com logoRepublic First Bancorp beats by $0.01
seekingalpha.com - January 24 at 2:27 AM
nasdaq.com logoCommit To Buy First Bancorp At $5, Earn 9.9% Annualized Using Options
www.nasdaq.com - January 20 at 6:26 PM

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Chart

First Bancorp (FBP) Chart for Friday, May, 26, 2017

This page was last updated on 5/26/2017 by MarketBeat.com Staff