How have FBP shares performed this year?

First BanCorp.'s stock was trading at $16.45 at the beginning of the year. Since then, FBP stock has increased by 32.7% and is now trading at $21.83. View the best growth stocks for 2024 here .

How were First BanCorp.'s earnings last quarter?

First BanCorp. (NYSE:FBP) released its earnings results on Tuesday, July, 23rd. The bank reported $0.46 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.41 by $0.05. The bank had revenue of $304.28 million for the quarter, compared to analyst estimates of $230.26 million. First BanCorp. had a net margin of 25.91% and a trailing twelve-month return on equity of 21.86%.

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.

Who are First BanCorp.'s major shareholders?

First BanCorp.'s top institutional investors include Bank of New York Mellon Corp (1.83%), Hennion & Walsh Asset Management Inc. (0.10%), Allspring Global Investments Holdings LLC (0.05%) and Hennessy Advisors Inc. (0.04%). Insiders that own company stock include Aurelio Aleman , Roberto R Herencia , Gonzalez Orlando Berges , Carlos Power, Nayda Rivera , Donald Kafka , Michael Mcdonald , John A Heffern , Crespo Luz, Tracey A Dedrick and Patricia Eaves . 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 .

What other stocks do shareholders of First BanCorp. own?

Based on aggregate information from My MarketBeat watchlists, some other companies that First BanCorp. investors own include General Electric (GE) , Freeport-McMoRan (FCX) , Intel (INTC) , Huntington Bancshares (HBAN) , KeyCorp (KEY) , AT&T (T) and Energy Transfer (ET) .

NYSE:FBP

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

$21.83

+0.04 (+0.18%)

(As of 07/26/2024 ET)

Compare

Today's Range: $21.64
▼
$22.12
50-Day Range: $17.07
▼
$21.83
52-Week Range: $12.72
▼
$22.12

Volume: 1.30 million shs
Average Volume: 1.06 million shs
Market Capitalization: $3.63 billion

P/E Ratio: 12.47
Dividend Yield: 2.93%
Price Target: $20.00

Get First BanCorp. alerts:

First BanCorp. MarketRank™ Stock Analysis

Analyst Rating: Moderate Buy
2.75 Rating Score
Upside/Downside: 8.4% Downside
$20.00 Price Target
Short Interest: Healthy
1.37% of Float Sold Short
Dividend Strength: Moderate
Based on Four Factors
Sustainability: N/A
News Sentiment: 0.55
Based on 25 Articles This Week
Insider Trading: Selling Shares
$2.53 M Sold Last Quarter
Proj. Earnings Growth: 7.43%
From $1.75 to $1.88 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.

3.18 out of 5 stars

Finance Sector

433rd out of 898 stocks

State Commercial Banks Industry

97th out of 181 stocks

1.4

Analyst's Opinion

Consensus Rating
First BanCorp. has received a consensus rating of Moderate Buy. The company's average rating score is 2.75, and is based on 3 buy ratings, 1 hold rating, and no sell ratings.
Amount of Analyst Coverage
First BanCorp. has only been the subject of 3 research reports in the past 90 days.
Read more about First BanCorp.'s stock forecast and price target.

4.0

Short Interest

Percentage of Shares Shorted
1.37% of the float of First BanCorp. has been sold short.
Short Interest Ratio / Days to Cover
First BanCorp. has a short interest ratio ("days to cover") of 2.3, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in First BanCorp. has recently decreased by 3.48%, indicating that investor sentiment is improving.

2.5

Dividend Strength

Dividend Yield
First BanCorp. pays a meaningful dividend of 3.00%, higher than the bottom 25% of all stocks that pay dividends.
Dividend Growth
First BanCorp. does not have a long track record of dividend growth.
Dividend Coverage
The dividend payout ratio of First BanCorp. is 36.57%. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based on earnings estimates, First BanCorp. will have a dividend payout ratio of 34.04% next year. This indicates that First BanCorp. will be able to sustain or increase its dividend.
Read more about First BanCorp.'s dividend.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for FBP.

3.1

News and Social Media Coverage

News Sentiment
First BanCorp. has a news sentiment score of 0.55. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This news sentiment score is similar to the average news sentiment of Finance companies.
News Coverage This Week
MarketBeat has tracked 25 news articles for First BanCorp. this week, compared to 3 articles on an average week.
Search Interest
1 people have searched for FBP on MarketBeat in the last 30 days.
MarketBeat Follows
1 people have added First BanCorp. to their MarketBeat watchlist in the last 30 days.

2.5

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, First BanCorp. insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $2,529,539.00 in company stock.
Percentage Held by Insiders
Only 2.50% of the stock of First BanCorp. is held by insiders.
Percentage Held by Institutions
97.91% of the stock of First BanCorp. is held by institutions. High institutional ownership can be a signal of strong market trust in this company.
Read more about First BanCorp.'s insider trading history.

2.5

Earnings and Valuation

Earnings Growth
Earnings for First BanCorp. are expected to grow by 7.43% in the coming year, from $1.75 to $1.88 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of First BanCorp. is 12.47, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 140.95.
Price to Earnings Ratio vs. Sector
The P/E ratio of First BanCorp. is 12.47, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 56.20.
Price to Earnings Growth Ratio
First BanCorp. has a PEG Ratio of 1.76. PEG Ratios above 1 indicate that a company could be overvalued.
Price to Book Value per Share Ratio
First BanCorp. has a P/B Ratio of 2.44. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.
Read more about First BanCorp.'s valuation and earnings.

See Top Rated MarketRank™ Stocks Here

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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

30 days | 90 days | 365 days | Advanced Chart

FBP Stock News Headlines

July 26 at 6:19 AM | insidertrades.com

First BanCorp. (NYSE:FBP) COO Sells $1,090,500.00 in Stock

July 25 at 8:35 PM | finance.yahoo.com

Insider Sale: EVP and COO Donald Kafka Sells 50,000 Shares of First BanCorp (FBP)

July 26, 2024 | American Hartford Gold Group (Ad)

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July 25 at 10:42 AM | americanbankingnews.com

First BanCorp. (NYSE:FBP) Sets New 1-Year High After Better-Than-Expected Earnings

July 25 at 10:42 AM | americanbankingnews.com

First BanCorp. (NYSE:FBP) Price Target Raised to $20.00

July 24 at 2:30 PM | americanbankingnews.com

First BanCorp. (FBP) to Issue Quarterly Dividend of $0.16 on September 13th

July 24 at 11:49 AM | americanbankingnews.com

First BanCorp. Plans Quarterly Dividend of $0.16 (NYSE:FBP)

July 24 at 11:15 AM | americanbankingnews.com

First BanCorp. (NYSE:FBP) Releases Earnings Results

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July 24 at 9:30 AM | americanbankingnews.com

Hovde Group Increases First BanCorp. (NYSE:FBP) Price Target to $25.00

July 23 at 3:19 PM | seekingalpha.com

First BanCorp. (FBP) Q2 2024 Earnings Call Transcript

July 23 at 10:15 AM | markets.businessinsider.com

First BanCorp Q2 Earnings Top Estimates

July 23 at 10:15 AM | msn.com

First BanCorp. GAAP EPS of $0.46 beats by $0.05, revenue of $231.67M misses by $1.82M

July 22, 2024 | seekingalpha.com

First BanCorp. Q2 2024 Earnings Preview

July 21, 2024 | finance.yahoo.com

FBP Aug 2024 17.500 call (FBP240816C00017500)

July 16, 2024 | americanbankingnews.com

First BanCorp. (FBP) Scheduled to Post Earnings on Tuesday

June 19, 2024 | seekingalpha.com

First BanCorp: A Call Option On Puerto Rico

June 18, 2024 | businesswire.com

First BanCorp to Announce 2Q 2024 Results on July 23, 2024

See More Headlines

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Company Calendar

Ex-Dividend for 6/14 Dividend: 5/30/2024
Dividend Payable: 6/14/2024
Last Earnings: 7/23/2024
Today: 7/26/2024
Ex-Dividend for 9/13 Dividend: 8/29/2024
Dividend Payable: 9/13/2024
Next Earnings (Estimated): 10/18/2024
Fiscal Year End: 12/31/2024

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: NYSE
Sector: Finance
Industry: State commercial banks
Sub-Industry: Regional Banks
Current Symbol: NYSE:FBP
CUSIP: 31867270
CIK: 1057706
Web: www.1firstbank.com
Phone: (787) 729-8200
Fax: 787-724-5040
Employees: 3,168
Year Founded: 1948

Price Target and Rating

Average Stock Price Target: $20.00
High Stock Price Target: $25.00
Low Stock Price Target: $16.00
Potential Upside/Downside: -8.4%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.75
Research Coverage: 4 Analysts

Profitability

EPS (Most Recent Fiscal Year): $1.75
Trailing P/E Ratio: 12.47
Forward P/E Ratio: 12.47
P/E Growth: 1.76
Net Income: $302.86 million
Net Margins: 25.91%
Pretax Margin: 32.73%
Return on Equity: 21.86%
Return on Assets: 1.68%

Debt

Debt-to-Equity Ratio: 0.44
Current Ratio: 0.77
Quick Ratio: 0.76

Sales & Book Value

Annual Sales: $1.16 billion
Price / Sales: 3.14
Cash Flow: $2.00 per share
Price / Cash Flow: 10.91
Book Value: $8.96 per share
Price / Book: 2.44

Miscellaneous

Outstanding Shares: 166,430,000
Free Float: 162,266,000
Market Cap: $3.63 billion
Optionable: Optionable
Beta: 1.12

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Key Executives

Mr. Aurelio Aleman-Bermudez (Age 65)
President, CEO & Director
Comp: $2.41M
Mr. Orlando Berges-González CPA (Age 66)
Executive VP & CFO
Comp: $930.27k
Mr. Donald L. Kafka (Age 64)
Executive VP & COO
Comp: $837.45k
Mr. Cassan A. Pancham (Age 63)
Executive VP & Business Group Director
Comp: $731.82k
Ms. Nayda Rivera-Batista CPA (Age 51)
Executive VP & Chief Risk Officer
Comp: $820.4k
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

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

FBP Stock Analysis - Frequently Asked Questions

How have FBP shares performed this year?: First BanCorp.'s stock was trading at $16.45 at the beginning of the year. Since then, FBP stock has increased by 32.7% and is now trading at $21.83.
View the best growth stocks for 2024 here.
How were First BanCorp.'s earnings last quarter?: First BanCorp. (NYSE:FBP) released its earnings results on Tuesday, July, 23rd. The bank reported $0.46 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.41 by $0.05. The bank had revenue of $304.28 million for the quarter, compared to analyst estimates of $230.26 million. First BanCorp. had a net margin of 25.91% and a trailing twelve-month return on equity of 21.86%.
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.
Who are First BanCorp.'s major shareholders?: First BanCorp.'s top institutional investors include Bank of New York Mellon Corp (1.83%), Hennion & Walsh Asset Management Inc. (0.10%), Allspring Global Investments Holdings LLC (0.05%) and Hennessy Advisors Inc. (0.04%). Insiders that own company stock include Aurelio Aleman, Roberto R Herencia, Gonzalez Orlando Berges, Carlos Power, Nayda Rivera, Donald Kafka, Michael Mcdonald, John A Heffern, Crespo Luz, Tracey A Dedrick and Patricia Eaves.
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.
What other stocks do shareholders of First BanCorp. own?: Based on aggregate information from My MarketBeat watchlists, some other companies that First BanCorp. investors own include General Electric (GE), Freeport-McMoRan (FCX), Intel (INTC), Huntington Bancshares (HBAN), KeyCorp (KEY), AT&T (T) and Energy Transfer (ET).

This page (NYSE:FBP) was last updated on 7/26/2024 by MarketBeat.com Staff

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

First BanCorp. MarketRank™ Stock Analysis

Overall MarketRank™

Analyst's Opinion

Consensus Rating

Amount of Analyst Coverage

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month

Dividend Strength

Dividend Yield

Dividend Growth

Dividend Coverage

Dividend Sustainability

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

News and Social Media Coverage

News Sentiment

News Coverage This Week

Search Interest

MarketBeat Follows

Company Ownership

Insider Buying vs. Insider Selling

Percentage Held by Insiders

Percentage Held by Institutions

Earnings and Valuation

Earnings Growth

Price to Earnings Ratio vs. the Market

Price to Earnings Ratio vs. Sector

Price to Earnings Growth Ratio

Price to Book Value per Share Ratio