First BanCorp. Stock Forecast, Price & News

2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for First BanCorp. in the last twelve months. There are currently 2 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" First BanCorp. stock.
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2 brokers have issued 1 year price targets for First BanCorp.'s shares. Their FBP stock forecasts range from $16.00 to $17.00. On average, they expect First BanCorp.'s share price to reach $16.50 in the next year. This suggests a possible upside of 22.9% from the stock's current price.
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First BanCorp.'s stock was trading at $13.78 at the start of the year. Since then, FBP stock has decreased by 2.5% and is now trading at $13.43.
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First BanCorp. saw a increase in short interest during the month of May. As of May 31st, there was short interest totaling 5,320,000 shares, an increase of 22.9% from the May 15th total of 4,330,000 shares. Based on an average daily volume of 2,200,000 shares, the short-interest ratio is currently 2.4 days. Approximately 2.8% of the company's stock are short sold.
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First BanCorp. is scheduled to release its next quarterly earnings announcement on Friday, July 22nd 2022.
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First BanCorp. (NYSE:FBP) posted its earnings results on Thursday, April, 28th. The bank reported $0.41 EPS for the quarter, topping the consensus estimate of $0.32 by $0.09. The bank had revenue of $218.48 million for the quarter, compared to analyst estimates of $213.55 million. First BanCorp. had a net margin of 32.77% and a trailing twelve-month return on equity of 15.21%. The business's quarterly revenue was up 5.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.31 EPS.
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First BanCorp. announced a quarterly dividend on Wednesday, April 27th. Investors of record on Wednesday, May 25th will be given a dividend of $0.12 per share on Friday, June 10th. This represents a $0.48 annualized dividend and a dividend yield of 3.57%. The ex-dividend date is Tuesday, May 24th. This is a boost from First BanCorp.'s previous quarterly dividend of $0.10.
View First BanCorp.'s dividend history.

First BanCorp.(NYSE:FBP) pays an annual dividend of $0.48 per share and currently has a dividend yield of 3.74%. First BanCorp. has been increasing its dividend for 2 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio of First BanCorp. is 33.10%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, First BanCorp. will have a dividend payout ratio of 29.27% next year. This indicates that First BanCorp. will be able to sustain or increase its dividend.
View First BanCorp.'s dividend history.

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.

Some companies that are related to First BanCorp. include The PNC Financial Services Group (PNC), Truist Financial (TFC), M&T Bank (MTB), First Republic Bank (FRC), SVB Financial Group (SIVB), Fifth Third Bancorp (FITB), Regions Financial (RF), Huntington Bancshares (HBAN), KeyCorp (KEY), First Horizon (FHN), Signature Bank (SBNY), First Citizens BancShares (FCNCA), East West Bancorp (EWBC), Zions Bancorporation, National Association (ZION) and Western Alliance Bancorporation (WAL).
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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 a variety of institutional and retail investors. Top institutional investors include BlackRock Inc. (14.78%), Vanguard Group Inc. (12.48%), Dimensional Fund Advisors LP (7.79%), State Street Corp (6.93%), American Century Companies Inc. (4.30%) and Bank of New York Mellon Corp (2.61%). 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, Patricia Eaves and Roberto R Herencia.
View institutional ownership trends for First BanCorp..

FBP stock was sold by a variety of institutional investors in the last quarter, including Bank of New York Mellon Corp, Jupiter Asset Management Ltd., Canada Pension Plan Investment Board, Lord Abbett & CO. LLC, JPMorgan Chase & Co., Bank of America Corp DE, Goldman Sachs Group Inc., and BlackRock Inc.. Company insiders that have sold First BanCorp. company stock in the last two years include Aurelio Aleman, Gonzalez Orlando Berges, Lawrence Odell, Michael Mcdonald, Nayda Rivera, and Roberto R Herencia.
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FBP stock was acquired by a variety of institutional investors in the last quarter, including American Century Companies Inc., State Street Corp, Renaissance Technologies LLC, First Trust Advisors LP, Vanguard Group Inc., Sei Investments Co., Hsbc Holdings PLC, and Charles Schwab Investment Management Inc.. Company insiders that have bought First BanCorp. stock in the last two years include Daniel Edward Frye, John A Heffern, and Patricia Eaves.
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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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One share of FBP stock can currently be purchased for approximately $13.43.

First BanCorp. (NYSE:FBP) has a market capitalization of $2.65 billion and generates $915.87 million in revenue each year. The bank earns $281.02 million in net income (profit) each year or $1.45 on an earnings per share basis.

First BanCorp. employs 3,075 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 First BanCorp. is www.1firstbank.com. The bank can be reached via phone at (787) 729-8200, via email at [email protected], or via fax at 787-724-5040.