NYSE:FBP - First Bancorp Stock Price, News, & Analysis

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$9.09 -0.09 (-0.98 %)

(As of 10/22/2018 04:00 PM ET)

Previous Close$9.18

Today's Range$9.01 - $9.31

52-Week Range$4.48 - $9.38

Volume1.09 million shs

Average Volume1.89 million shs

Market Capitalization$1.99 billion

P/E Ratio18.18

Dividend YieldN/A

Beta1.9

First BanCorp. operates as a bank holding company for FirstBank Puerto Rico that provides a range of financial products and services to retail, commercial, and institutional clients. It operates through six segments: Commercial and Corporate Banking, Consumer (Retail) Banking, Mortgage 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, as well as investment banking services. The Consumer (Retail) Banking segment provides auto, boat, and personal loans; credit cards; lines of credit; and deposit products comprising interest bearing and non-interest bearing checking and savings accounts, individual retirement accounts, and retail certificates of deposit (CDs), as well as engages in the finance leasing and insurance activities. The Mortgage Banking segment is involved 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 Treasury and Investments segment engages in the treasury and investment management activities, such as funding and liquidity management. The United States Operations segment offers checking, savings, and money market accounts; and residential mortgages, home equity loans, lines of credit, and automobile loans, as well as retail CDs, Internet banking services, cash management, remote data capture, automated clearing house transactions, and term loans. The Virgin Islands Operations segment is involved in the consumer, commercial lending, and deposit-taking activities. As of December 31, 2017, the company operated 45 branches in Puerto Rico, 11 branches in the U.S. Virgin Islands and British Virgin Islands, and 11 branches in the state of Florida. The company was founded in 1948 and is headquartered in Santurce, Puerto Rico.

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Industry, Sector and Symbol

Stock Exchange NYSE

Industry State commercial banks

Sub-IndustryRegional Banks

SectorFinance

SymbolNYSE:FBP

CUSIP31867270

Webwww.1firstbank.com

Phone787-729-8200

Debt

Debt-to-Equity Ratio0.48

Current Ratio0.98

Quick Ratio0.98

Price-To-Earnings

Trailing P/E Ratio18.18

Forward P/E Ratio14.66

P/E Growth0.43

Sales & Book Value

Annual Sales$650.81 million

Price / Sales3.03

Cash Flow$0.5664 per share

Price / Cash16.05

Book Value$8.48 per share

Price / Book1.07

Profitability

EPS (Most Recent Fiscal Year)$0.50

Net Income$66.95 million

Net Margins11.06%

Return on Equity6.36%

Return on Assets0.95%

Miscellaneous

Employees2,553

Outstanding Shares217,180,000

Market Cap$1.99 billion

First Bancorp (NYSE:FBP) Frequently Asked Questions

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) announced its quarterly earnings results on Wednesday, July, 25th. The bank reported $0.14 earnings per share for the quarter, beating the Zacks' consensus estimate of $0.13 by $0.01. The bank had revenue of $150.94 million for the quarter, compared to analyst estimates of $150.60 million. First Bancorp had a net margin of 11.06% and a return on equity of 6.36%. During the same quarter last year, the business earned $0.13 EPS. View First Bancorp's Earnings History.

When is First Bancorp's next earnings date?

First Bancorp is scheduled to release their next quarterly earnings announcement on Thursday, October 25th 2018. View Earnings Estimates for First Bancorp.

How can I listen to First Bancorp's earnings call?

First Bancorp will be holding an earnings conference call on Thursday, October 25th at 10:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at 8775066537.

What price target have analysts set for FBP?

5 analysts have issued 12-month price objectives for First Bancorp's stock. Their forecasts range from $8.00 to $12.00. On average, they anticipate First Bancorp's share price to reach $9.70 in the next twelve months. This suggests a possible upside of 6.7% from the stock's current price. View Analyst Price Targets for First Bancorp.

What is the consensus analysts' recommendation for First Bancorp?

5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for First Bancorp in the last year. There are currently 5 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for First Bancorp.

Who are some of First Bancorp's key competitors?

Some companies that are related to First Bancorp include East West Bancorp (EWBC), Commerce Bancshares (CBSH), Signature Bank (SBNY), Bank Of The Ozarks (OZRK), Western Alliance Bancorporation (WAL), Popular (BPOP), First Citizens BancShares (FCNCA), Wintrust Financial (WTFC), Prosperity Bancshares (PB), Hancock (HBHC), IBERIABANK (IBKC), Investors Bancorp (ISBC), Associated Banc (ASB), First Financial Bankshares (FFIN) and Chemical Financial (CHFC).

Who are First Bancorp's key executives?

First Bancorp's management team includes the folowing people:

Mr. Aurelio Alemán-Bermudez, Pres, CEO & Director (Age 59)
Mr. Orlando Berges-González CPA, Exec. VP & CFO (Age 60)
Mr. Cassan A. Pancham, Exec. VP & Bus. Group Exec. (Age 57)
Ms. Nayda Rivera-Batista CPA, Exec. VP & Chief Risk Officer (Age 45)
Mr. Calixto García-Vélez, Exec. VP & Florida Region Exec. (Age 50)

Who are First Bancorp's major shareholders?

First Bancorp's stock is owned by a variety of of retail and institutional investors. Top institutional investors include Hennessy Advisors Inc. (0.25%), Bowling Portfolio Management LLC (0.08%), Texas Permanent School Fund (0.06%), Strs Ohio (0.06%), Louisiana State Employees Retirement System (0.04%) and State of Alaska Department of Revenue (0.03%). Company insiders that own First Bancorp stock include Gonzalez Orlando Berges, Lawrence Odell, Nayda Rivera and Oaktree Fund Gp, Llc. 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 Hennessy Advisors Inc. and Strs Ohio. View Insider Buying and Selling for First Bancorp.

Which institutional investors are buying First Bancorp stock?

FBP stock was acquired by a variety of institutional investors in the last quarter, including Bowling Portfolio Management LLC, Texas Permanent School Fund, Louisiana State Employees Retirement System and State of Alaska Department of Revenue. View Insider Buying and Selling for First Bancorp.

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 Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

What is First Bancorp's stock price today?

One share of FBP stock can currently be purchased for approximately $9.09.

How big of a company is First Bancorp?

First Bancorp has a market capitalization of $1.99 billion and generates $650.81 million in revenue each year. The bank earns $66.95 million in net income (profit) each year or $0.50 on an earnings per share basis. First Bancorp employs 2,553 workers across the globe.

What is First Bancorp's official website?

The official website for First Bancorp is http://www.1firstbank.com.

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]

MarketBeat Community Rating for First Bancorp (NYSE FBP)

Community Ranking:		2.5 out of 5 ( )
Outperform Votes:		227 (Vote Outperform)
Underperform Votes:		226 (Vote Underperform)
Total Votes:		453

MarketBeat's community ratings are surveys of what our community members think about First Bancorp and other stocks. Vote "Outperform" if you believe FBP will outperform the S&P 500 over the long term. Vote "Underperform" if you believe FBP will underperform the S&P 500 over the long term. You may vote once every thirty days.

This page was last updated on 10/22/2018 by MarketBeat.com Staff

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