First BanCorp. Stock Forecast, Price & News

First BanCorp. (NYSE:FBP) Frequently Asked Questions

Is First BanCorp. a buy right now?

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

How has First BanCorp.'s stock price been impacted by Coronavirus?

First BanCorp.'s stock was trading at $6.04 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization (WHO). Since then, FBP stock has increased by 125.7% and is now trading at $13.63.
View which stocks have been most impacted by COVID-19.

Are investors shorting First BanCorp.?

First BanCorp. saw a drop in short interest in the month of November. As of November 15th, there was short interest totaling 3,620,000 shares, a drop of 24.6% from the October 31st total of 4,800,000 shares. Based on an average daily trading volume, of 1,670,000 shares, the short-interest ratio is currently 2.2 days. Approximately 1.8% of the shares of the stock are sold short.
View First BanCorp.'s Short Interest.

When is First BanCorp.'s next earnings date?

First BanCorp. is scheduled to release its next quarterly earnings announcement on Friday, February 4th 2022.
View our earnings forecast for First BanCorp..

How were First BanCorp.'s earnings last quarter?

First BanCorp. (NYSE:FBP) released its quarterly earnings data on Sunday, October, 24th. The bank reported $0.37 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.31 by $0.06. The bank had revenue of $214.69 million for the quarter, compared to analyst estimates of $208.92 million. First BanCorp. had a net margin of 27.97% and a trailing twelve-month return on equity of 12.89%. During the same period in the previous year, the firm posted $0.10 earnings per share.
View First BanCorp.'s earnings history.

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

First BanCorp. declared a quarterly dividend on Friday, October 22nd. Stockholders of record on Friday, November 26th will be paid a dividend of $0.10 per share on Friday, December 10th. This represents a $0.40 annualized dividend and a dividend yield of 2.93%. The ex-dividend date is Wednesday, November 24th. This is a positive change from First BanCorp.'s previous quarterly dividend of $0.07.
View First BanCorp.'s dividend history.

Is First BanCorp. a good dividend stock?

First BanCorp. pays an annual dividend of $0.40 per share and currently has a dividend yield of 2.93%. First BanCorp. does not yet have a strong track record of dividend growth. The dividend payout ratio of First BanCorp. is 33.33%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, First BanCorp. will have a dividend payout ratio of 28.78% next year. This indicates that First BanCorp. will be able to sustain or increase its dividend.
View First BanCorp.'s dividend history.

What price target have analysts set for FBP?

1 equities research analysts have issued 1-year price objectives for First BanCorp.'s shares. Their forecasts range from $16.00 to $120.00. On average, they anticipate First BanCorp.'s share price to reach $68.00 in the next year. This suggests a possible upside of 398.9% from the stock's current price.
View analysts' price targets for First BanCorp. or view top-rated stocks among Wall Street analysts.

Who are First BanCorp.'s key executives?

First BanCorp.'s management team includes the following people:

• Aurelio Alemán-Bermúdez, President, Chief Executive Officer & Director
• Donald L. Kafka, Chief Operating Officer & Executive Vice President
• Orlando Berges-González, Chief Financial Officer & Executive Vice President
• Nayda Rivera-Batista, Chief Risk Officer & Executive Vice President
• Sara Álvarez Cabrero, Secretary, Chief Legal Officer & Executive VP

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

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

Who are some of First BanCorp.'s key competitors?

Some companies that are related to First BanCorp. include The PNC Financial Services Group (PNC), Truist Financial (TFC), SVB Financial Group (SIVB), First Republic Bank (FRC), Fifth Third Bancorp (FITB), Huntington Bancshares (HBAN), Regions Financial (RF), KeyCorp (KEY), M&T Bank (MTB), Signature Bank (SBNY), Western Alliance Bancorporation (WAL), East West Bancorp (EWBC), Zions Bancorporation, National Association (ZION), First Horizon (FHN) and Commerce Bancshares (CBSH).
View all of FBP's competitors.

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."

Who are First BanCorp.'s major shareholders?

First BanCorp.'s stock is owned by a number of institutional and retail investors. Top institutional investors include BlackRock Inc. (14.80%), Dimensional Fund Advisors LP (7.84%), Bank of New York Mellon Corp (3.01%), Arrowstreet Capital Limited Partnership (2.13%), Frontier Capital Management Co. LLC (1.96%) and American Century Companies Inc. (1.92%). Company insiders that own First BanCorp. stock include Aurelio Aleman, Daniel Edward Frye, Gonzalez Orlando Berges, John A Heffern, Lawrence Odell, Michael Mcdonald, Nayda Rivera and Patricia Eaves.
View institutional ownership trends for First BanCorp..

Which institutional investors are selling First BanCorp. stock?

FBP stock was sold by a variety of institutional investors in the last quarter, including Wellington Management Group LLP, BlackRock Inc., Healthcare of Ontario Pension Plan Trust Fund, Dimensional Fund Advisors LP, Geode Capital Management LLC, Frontier Capital Management Co. LLC, UBS Group AG, and Two Sigma Advisers LP. Company insiders that have sold First BanCorp. company stock in the last year include Aurelio Aleman, Gonzalez Orlando Berges, Lawrence Odell, Michael Mcdonald, and Nayda Rivera.
View insider buying and selling activity for First BanCorp. or view top insider-selling stocks.

Which institutional investors are buying First BanCorp. stock?

FBP stock was bought by a variety of institutional investors in the last quarter, including Man Group plc, American Century Companies Inc., Goldman Sachs Group Inc., Jupiter Asset Management Ltd., Victory Capital Management Inc., FJ Capital Management LLC, Arrowstreet Capital Limited Partnership, and Point72 Asset Management L.P.. Company insiders that have bought First BanCorp. stock in the last two years include Daniel Edward Frye, John A Heffern, and Patricia Eaves.
View insider buying and selling activity for First BanCorp. or or view top insider-buying stocks.

How do I buy shares of First BanCorp.?

Shares of FBP 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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What is First BanCorp.'s stock price today?

One share of FBP stock can currently be purchased for approximately $13.63.

How much money does First BanCorp. make?

First BanCorp. has a market capitalization of $2.80 billion and generates $804.21 million in revenue each year. The bank earns $102.27 million in net income (profit) each year or $1.20 on an earnings per share basis.

How many employees does First BanCorp. have?

First BanCorp. employs 3,317 workers across the globe.

What is First BanCorp.'s official website?

The official website for First BanCorp. is www.1firstbank.com.

Where are First BanCorp.'s headquarters?

First BanCorp. is headquartered at 1519 PONCE DE LEON AVE STOP 23, SAN JUAN PR, 00908.

How can I contact First BanCorp.?

First BanCorp.'s mailing address is 1519 PONCE DE LEON AVE STOP 23, SAN JUAN PR, 00908. The bank can be reached via phone at (787) 729-8200, via email at [email protected], or via fax at 787-724-5040.