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: Banks
  • Sub-Industry: Regional Banks
  • Symbol: NYSE:FBP
  • CUSIP: 31867270
  • Web: www.firstbankpr.com
Capitalization:
  • Market Cap: $1.0346 billion
  • Outstanding Shares: 214,129,000
Average Prices:
  • 50 Day Moving Avg: $5.26
  • 200 Day Moving Avg: $5.58
  • 52 Week Range: $4.65 - $7.05
P/E:
  • Trailing P/E Ratio: 10.43
  • Foreward P/E Ratio: 10.00
  • P/E Growth: 0.86
Sales & Book Value:
  • Annual Revenue: $477.76 million
  • Price / Sales: 2.15
  • Book Value: $8.52 per share
  • Price / Book: 0.56
Profitability:
  • Net Margins: 15.17%
  • Return on Equity: 5.57%
  • Return on Assets: 0.83%
Debt:
  • Debt-to-Equity Ratio: 0.49%
  • Current Ratio: 1.00%
  • Quick Ratio: 1.00%
Misc:
  • Average Volume: 1.65 million shs.
  • Beta: 1.96
  • Short Ratio: 4.54
 

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) posted its earnings results on Friday, July, 28th. The company reported $0.13 earnings per share for the quarter, beating the Zacks' consensus estimate of $0.11 by $0.02. The business had revenue of $144.45 million for the quarter, compared to analysts' expectations of $145.55 million. First BanCorp. had a net margin of 15.17% and a return on equity of 5.57%. During the same quarter in the previous year, the firm posted $0.10 earnings per share. View First BanCorp.'s Earnings History.

When will First BanCorp. make its next earnings announcement?

First BanCorp. is scheduled to release their next quarterly earnings announcement on Tuesday, October, 24th 2017. View Earnings Estimates for First BanCorp..

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

2 brokers have issued 12 month price objectives for First BanCorp.'s shares. Their forecasts range from $7.00 to $7.50. On average, they anticipate First BanCorp.'s stock 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 are First BanCorp.'s key executives?

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

  • Roberto R. Herencia, Independent Chairman of the Board
  • Aurelio Aleman-Bermudez, President, Chief Executive Officer, Director
  • Orlando Berges-Gonzalez, Chief Financial Officer, Executive Vice President
  • Donald Kafka, Chief Operating Officer, Executive Vice President
  • Nayda Rivera-Batista, Executive Vice President, Chief Risk Officer
  • Lawrence Odell, Executive Vice President, General Counsel, Secretary
  • Calixto Garcia-Velez, Executive Vice President ; Florida Regional Executive and Special Assets Group Director
  • Ginoris C Lopez-Lay Vizcarra, Executive Vice President, Retail and Banking Director
  • T. Michael McDonald, Executive Vice President, Business Group Executive
  • Carlos Power Pietrantoni, Executive Vice President, Consumer Lending Business Executive

Who owns First BanCorp. stock?

First BanCorp.'s stock is owned by a number of of retail and institutional investors. Top institutional shareholders include OAKTREE CAPITAL GROUP HOLDINGS GP, LLC (4.70%) and THOMAS H. LEE ADVISORS (ALTERNATIVE) VI, LTD. (4.60%). 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..

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.

What is First BanCorp.'s stock price today?

One share of First BanCorp. stock can currently be purchased for approximately $4.80.


MarketBeat Community Rating for First BanCorp. (NYSE FBP)
Community Ranking:  2.4 out of 5 (star star)
Outperform Votes:  103 (Vote Outperform)
Underperform Votes:  114 (Vote Underperform)
Total Votes:  217
MarketBeat's community ratings are surveys of what our community members think about First BanCorp. and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.

Analyst Ratings

Consensus Ratings for First BanCorp. (NYSE:FBP) (How are Consensus Ratings Calculated?)
Ratings Breakdown: 1 Hold Rating, 1 Buy Rating
Consensus Rating:Buy (Score: 2.50)
Consensus Price Target: $7.25 (51.04% upside)
Consensus Price Target History for First BanCorp. (NYSE:FBP)
Price Target History for First BanCorp. (NYSE:FBP)
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 Inc.Initiated CoverageNeutral$7.00N/AView Rating Details
4/8/2016Piper Jaffray CompaniesInitiated CoverageOverweight$5.00N/AView Rating Details
(Data available from 10/21/2015 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
10/23/2017$0.11N/AView Earnings Details
7/28/20176/30/2017$0.11$0.13$145.55 million$144.45 millionViewN/AView Earnings Details
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: $0.48 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: 21.10%
Institutional Ownership Percentage: 91.05%
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
8/7/2017Oaktree Fund Gp, LlcInsiderSell10,000,000$5.66$56,600,000.00View SEC Filing  
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) to Release Quarterly Earnings on Monday
www.americanbankingnews.com - October 16 at 5:26 AM
americanbankingnews.com logoZacks Investment Research Lowers First BanCorp. (FBP) to Hold
www.americanbankingnews.com - October 13 at 8:52 PM
americanbankingnews.com logoFirst BanCorp. (FBP) Stock Rating Upgraded by Zacks Investment Research
www.americanbankingnews.com - October 12 at 9:30 PM
finance.yahoo.com logoETFs with exposure to First BanCorp (Puerto Rico) : October 10, 2017
finance.yahoo.com - October 10 at 4:18 PM
finance.yahoo.com logoFirst BanCorp. Announces Termination of Written Agreement
finance.yahoo.com - October 5 at 5:45 PM
finance.yahoo.com logoFirst BanCorp (Puerto Rico) :FBP-US: Earnings Analysis: Q2, 2017 By the Numbers : September 28, 2017
finance.yahoo.com - October 2 at 2:40 PM
finance.yahoo.com logoETFs with exposure to First BanCorp (Puerto Rico) : September 29, 2017
finance.yahoo.com - October 2 at 2:40 PM
reuters.com logoCash demand soars in Puerto Rico after hurricane hit ATMs, card systems
www.reuters.com - September 29 at 2:27 PM
americanbankingnews.com logo$0.12 Earnings Per Share Expected for First BanCorp. (FBP) This Quarter
www.americanbankingnews.com - September 19 at 2:28 PM
finance.yahoo.com logoFirst BanCorp (Puerto Rico) – Value Analysis (NYSE:FBP) : August 21, 2017
finance.yahoo.com - August 23 at 12:08 AM
americanbankingnews.com logoFirst BanCorp. (NYSE:FBP) Insider Sells $56,600,000.00 in Stock
www.americanbankingnews.com - August 9 at 7:34 PM
finance.yahoo.com logoFirst BanCorp (Puerto Rico) breached its 50 day moving average in a Bearish Manner : FBP-US : August 9, 2017
finance.yahoo.com - August 9 at 6:43 PM
finance.yahoo.com logoFirst BanCorp. Announces that THL and Oaktree Price Secondary Offering of 20 Million Shares
finance.yahoo.com - August 3 at 3:33 PM
streetinsider.com logoFirst Bancorp. (FBP) Holders THL and Oaktree Commence Secondary Offering of 20M Shares
www.streetinsider.com - August 2 at 7:25 PM
finance.yahoo.com logoEdited Transcript of FBP earnings conference call or presentation 28-Jul-17 2:00pm GMT
finance.yahoo.com - July 29 at 2:47 AM
rttnews.com logoFirst BanCorp. Reveals 25% Increase In Q2 Profit
www.rttnews.com - July 28 at 4:46 PM
seekingalpha.com logoFirst Bancorp's (FBP) CEO Aurelio Alemán-Bermudez on Q2 2017 Results - Earnings Call Transcript
seekingalpha.com - July 28 at 4:46 PM
finance.yahoo.com logoInvestor Network: First Bancorp to Host Earnings Call
finance.yahoo.com - July 28 at 4:46 PM
finance.yahoo.com logoFirst BanCorp. Announces Earnings for the Quarter Ended June 30, 2017
finance.yahoo.com - July 28 at 4:46 PM
americanbankingnews.com logoFirst BanCorp. (NYSE:FBP) Posts Quarterly Earnings Results, Beats Estimates By $0.02 EPS
www.americanbankingnews.com - July 28 at 2:53 PM
americanbankingnews.com logoFirst BanCorp. (NYSE:FBP) Scheduled to Post Earnings on Monday
www.americanbankingnews.com - July 17 at 8:53 AM
finance.yahoo.com logoFirst BanCorp to Announce 2Q 2017 Results and Hold Conference Call on July 28, 2017
finance.yahoo.com - July 12 at 7:17 PM
nasdaq.com logoCommit To Buy First Bancorp At $5, Earn 10% Annualized Using Options
www.nasdaq.com - June 16 at 9:02 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
seekingalpha.com logoNorth Carolina bank merger as First Bancorp agrees to buy ASB Bancorp
seekingalpha.com - May 1 at 4:57 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
marketbeat.com logoFirst Bancorp posts 1Q profit
marketbeat.com - April 25 at 7:28 AM
seekingalpha.com logoMacro Headwinds For First Bancorp Stiff, But Longer-Term Thesis Is Strong
seekingalpha.com - March 26 at 9:50 AM
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
streetinsider.com logoCiti Starts First BanCorp (FBP) at Neutral - StreetInsider.com - StreetInsider.com
www.streetinsider.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
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
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
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 Saturday, October, 21, 2017

This page was last updated on 10/21/2017 by MarketBeat.com Staff

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