NYSE:FBP

First BanCorp. Stock Forecast, Price & News

$12.61
+0.05 (+0.40 %)
(As of 06/11/2021 12:00 AM ET)
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Today's Range
$12.54
$12.73
50-Day Range
$11.26
$13.14
52-Week Range
$4.94
$13.25
Volume1.88 million shs
Average Volume1.59 million shs
Market Capitalization$2.72 billion
P/E Ratio17.27
Dividend Yield2.23%
Beta1.41
30 days | 90 days | 365 days | Advanced Chart
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First BanCorp. logo

About First BanCorp.

First BanCorp. operates as the bank holding company for FirstBank Puerto Rico that provides a range of financial products and services to retail, commercial, and institutional clients. The company operates in 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 real estate and construction loans, floor plan financing, and cash and business management services. The Mortgage Banking segment engages in the origination, sale, and servicing of various residential mortgage loan products and related hedging activities; and acquisition and sale of mortgages in the secondary markets. The Consumer (Retail) Banking segment provides auto, boat, and personal loans; credit cards; lines of credit; deposit products comprising interest bearing and non-interest bearing checking and savings accounts, individual retirement accounts, and retail certificates of deposit (CDs); finance leasing and insurance services. The Treasury and Investments segment engages in the treasury and investment management activities, such as funding and liquidity management. The United States Operations segment offers savings, checking, and money market accounts, as well as retail CDs; and residential mortgages, home equity loans, lines of credit, and term loans, as well as Internet banking, cash management, remote data capture, and automated clearing house transaction services. The Virgin Islands Operations segment is involved in the consumer, commercial lending, and deposit-taking activities. As of December 31, 2020, the company operated 73 branches in Puerto Rico, 11 branches in the U.S. Virgin Islands and British Virgin Islands, and 10 branches in the state of Florida. First BanCorp. was founded in 1948 and is headquartered in Santurce, Puerto Rico.

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Industry, Sector and Symbol

Sales & Book Value

Profitability

Debt

Price-To-Earnings

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MarketRank

Overall MarketRank

2.39 out of 5 stars

Finance Sector

32nd out of 1,978 stocks

State Commercial Banks Industry

3rd out of 312 stocks

Analyst Opinion: 3.0Community Rank: 2.3Dividend Strength: 2.5Insider Behavior: 1.7Valuation: 2.5 5 -4 -3 -2 -1 -
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First BanCorp. (NYSE:FBP) Frequently Asked Questions

Is First BanCorp. a buy right now?

1 Wall Street 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 research analysts is that investors should "hold" First BanCorp. stock. 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 analyst ratings for First BanCorp.
or view top-rated stocks.

What stocks does MarketBeat like better than First BanCorp.?

Wall Street analysts have given First BanCorp. a "Hold" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but First BanCorp. wasn't one of them. MarketBeat thinks these five companies may be even better buys.
View MarketBeat's top stock picks here.

Are investors shorting First BanCorp.?

First BanCorp. saw a decrease in short interest in the month of May. As of May 28th, there was short interest totaling 6,610,000 shares, a decrease of 30.9% from the May 13th total of 9,570,000 shares. Based on an average daily volume of 1,890,000 shares, the short-interest ratio is presently 3.5 days. Currently, 3.2% of the company's shares are short sold.
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 Tuesday, July 27th 2021.
View our earnings forecast for First BanCorp.
.

How were First BanCorp.'s earnings last quarter?

First BanCorp. (NYSE:FBP) issued its earnings results on Sunday, April, 25th. The bank reported $0.31 EPS for the quarter, beating analysts' consensus estimates of $0.24 by $0.07. The bank had revenue of $207.22 million for the quarter, compared to analyst estimates of $206.49 million. First BanCorp. had a net margin of 19.08% and a trailing twelve-month return on equity of 7.73%. During the same period in the prior year, the company posted ($0.03) earnings per share.
View First BanCorp.'s earnings history
.

How has First BanCorp.'s stock been impacted by COVID-19?

First BanCorp.'s stock was trading at $6.04 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization (WHO). Since then, FBP shares have increased by 108.8% and is now trading at $12.61.
View which stocks have been most impacted by COVID-19
.

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

First BanCorp. announced a quarterly dividend on Wednesday, April 28th. Shareholders of record on Wednesday, May 26th will be given a dividend of $0.07 per share on Friday, June 11th. This represents a $0.28 dividend on an annualized basis and a yield of 2.22%. The ex-dividend date is Tuesday, May 25th.
View First BanCorp.'s dividend history
.

Is First BanCorp. a good dividend stock?

First BanCorp. pays an annual dividend of $0.28 per share and currently has a dividend yield of 2.23%. First BanCorp. does not yet have a strong track record of dividend growth. The dividend payout ratio of First BanCorp. is 63.64%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, First BanCorp. will have a dividend payout ratio of 22.05% 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 Wall Street analysts have issued twelve-month target prices for First BanCorp.'s stock. Their forecasts range from $120.00 to $120.00. On average, they expect First BanCorp.'s share price to reach $120.00 in the next twelve months. This suggests a possible upside of 851.6% 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:
  • Mr. Aurelio Alemán-Bermudez, Pres, CEO & Director (Age 62, Pay $1.91M)
  • Mr. Orlando Berges-González CPA, CPA, Exec. VP, CFO & Interim Chief Accounting Officer (Age 63, Pay $1.24M)
  • Mr. Donald L. Kafka, Exec. VP & COO (Age 61, Pay $1.08M)
  • Ms. Nayda Rivera-Batista CPA, Exec. VP & Chief Risk Officer (Age 48, Pay $1M)
  • Mr. Calixto García-Vélez, Exec. VP & Florida Region Exec. (Age 53, Pay $939.89k)
  • Mr. John B. Pelling III, Investor Relations Officer & Capital Planning Officer
  • Mr. Lawrence Odell, Exec. VP & Gen. Counsel (Age 73)
  • Mr. Cassan A. Pancham, Exec. VP & Bus. Group Exec. (Age 60)
  • Ms. Ginoris López-Lay, Exec. VP & Strategic Management Director (Age 53)
  • Jon P. Swatsburg, Exec. VP of Youth Services (Age 50)

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?

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 shareholders include BlackRock Inc. (14.77%), Dimensional Fund Advisors LP (7.84%), Arctis Global LLC (3.11%), Bank of New York Mellon Corp (2.81%), Geode Capital Management LLC (1.88%) and EJF Capital LLC (1.89%). Company insiders that own First BanCorp. stock include Aurelio Aleman, Daniel Edward Frye, Gonzalez Orlando Berges, John A Heffern, Lawrence Odell and Michael Mcdonald.
View institutional ownership trends for First BanCorp.
.

Which major investors are selling First BanCorp. stock?

FBP stock was sold by a variety of institutional investors in the last quarter, including Arctis Global LLC, Morgan Stanley, Northern Trust Corp, Alyeska Investment Group L.P., Prudential Financial Inc., Man Group plc, Arrowstreet Capital Limited Partnership, and Federated Hermes Inc.. Company insiders that have sold First BanCorp. company stock in the last year include Aurelio Aleman, Gonzalez Orlando Berges, Lawrence Odell, and Michael Mcdonald.
View insider buying and selling activity for First BanCorp.
or view top insider-selling stocks.

Which major investors are buying First BanCorp. stock?

FBP stock was bought by a variety of institutional investors in the last quarter, including Rubric Capital Management LP, Canada Pension Plan Investment Board, BlackRock Inc., Schroder Investment Management Group, Stieven Capital Advisors L.P., Geode Capital Management LLC, Bank of New York Mellon Corp, and Russell Investments Group Ltd.. Company insiders that have bought First BanCorp. stock in the last two years include Daniel Edward Frye, and John A Heffern.
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.
Compare Top Brokerages Here.

What is First BanCorp.'s stock price today?

One share of FBP stock can currently be purchased for approximately $12.61.

How much money does First BanCorp. make?

First BanCorp. has a market capitalization of $2.72 billion and generates $804.21 million in revenue each year. The bank earns $102.27 million in net income (profit) each year or $0.44 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 or via email at [email protected]


This page was last updated on 6/13/2021 by MarketBeat.com Staff
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