About First BanCorp. (NYSE:FBP)
-logo.gif "First BanCorp. logo")
First 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: $1.04324 billion
- Outstanding Shares: 214,129,000
Average Prices:- 50 Day Moving Avg: $5.28
- 200 Day Moving Avg: $5.58
- 52 Week Range: $4.65 - $7.05
P/E:- Trailing P/E Ratio: 10.41
- Foreward P/E Ratio: 9.98
- 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) announced its quarterly earnings results on Friday, July, 28th. The company reported $0.13 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.11 by $0.02. The company had revenue of $144.45 million for the quarter, compared to the consensus estimate of $145.55 million. First BanCorp. had a net margin of 15.17% and a return on equity of 5.57%. During the same period in the previous year, the firm posted $0.10 EPS. View First BanCorp.'s Earnings History.
When will First BanCorp. make its next earnings announcement?
Where is First BanCorp.'s stock going? Where will First BanCorp.'s stock price be in 2017?
2 brokerages have issued 1-year price objectives for First BanCorp.'s shares. Their forecasts range from $7.00 to $7.50. On average, they expect First BanCorp.'s share price to reach $7.25 in the next year. View Analyst Ratings for First BanCorp..
Who are some of First BanCorp.'s key competitors?
Some companies that are related to First BanCorp. include Renasant Corporation (RNST), Flagstar Bancorp (FBC), Capitol Federal Financial (CFFN), Banner Corporation (BANR), Simmons First National Corporation (SFNC), Cadence Bancorp (CADE), LegacyTexas Financial Group (LTXB), WesBanco (WSBC), Ameris Bancorp (ABCB), BancFirst Corporation (BANF), Northwest Bancshares (NWBI), BofI Holding (BOFI), Park National (PRK), NBT Bancorp (NBTB), CenterState Banks (CSFL), First Financial Bancorp. (FFBC), Union Bankshares Corporation (UBSH) and Westamerica Bancorporation (WABC).
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 variety of of institutional and retail 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 $4.79.
MarketBeat Community Rating for First BanCorp. (NYSE FBP)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.
Consensus Ratings for First BanCorp. (NYSE:FBP) (How are Consensus Ratings Calculated?) MarketBeat calculates consensus ratings using the most recent rating from each brokerage that has rated a stock within the last twelve months. Since brokers often use different ratings systems, each rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings. Each stock's consensus rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months.
MarketBeat will no longer include ratings and price target data in its consensus calculation if a broker drops coverage and MarketBeat has received a report that coverage was dropped. Ratings from certain research firms that issue ratings using purely quantitative methods (such as Zacks, Vetr and ValuEngine) are not included in consensus calculations. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
| Ratings Breakdown: | 1 Hold Rating, 1 Buy Rating |
| Consensus Rating: | Buy (Score: 2.50) |
| Consensus Price Target: | $7.25 (51.36% upside) |
Consensus Price Target History for First BanCorp. (NYSE:FBP)
Analysts' Ratings History for First BanCorp. (NYSE:FBP)
Show:
| Date | Firm | Action | Rating | Price Target | Impact on Share Price | Details |
|---|
| 4/5/2017 | Keefe, Bruyette & Woods | Reiterated Rating | Buy | $7.50 | High |  |
| 2/8/2017 | Citigroup Inc. | Initiated Coverage | Neutral | $7.00 | N/A | |
| 4/8/2016 | Piper Jaffray Companies | Initiated Coverage | Overweight | $5.00 | N/A | |
(Data available from 10/20/2015 forward)
Earnings History for First BanCorp. (NYSE:FBP)Earnings History by Quarter for First BanCorp. (NYSE FBP)| Date | Quarter | Consensus Estimate | Actual EPS | Revenue Estimate | Actual Revenue | Release Link | Conference Call | Details |
|---|
| 10/23/2017 | | $0.11 | | | | | N/A | |
| 7/28/2017 | 6/30/2017 | $0.11 | $0.13 | $145.55 million | $144.45 million | View | N/A | |
| 4/25/2017 | 3/31/2017 | $0.10 | $0.11 | $139.80 million | $130.79 million | View | N/A | |
| 1/26/2017 | Q416 | $0.09 | $0.11 | $118.97 million | $144.63 million | View | N/A | |
| 10/25/2016 | Q316 | $0.10 | $0.11 | $122.40 million | $144.32 million | View | Listen | |
| 7/26/2016 | Q216 | $0.10 | $0.10 | $133.48 million | $123.73 million | View | Listen | |
| 4/25/2016 | Q1 | $0.08 | $0.11 | $147.10 million | $143.12 million | View | N/A | |
| 1/28/2016 | Q415 | $0.09 | $0.07 | $126.81 million | $148.38 million | View | Listen | |
| 10/26/2015 | Q315 | $0.09 | $0.07 | $134.18 million | $143.69 million | View | Listen | |
| 7/29/2015 | Q2 | $0.11 | ($0.16) | $131.10 million | $133.15 million | View | Listen | |
| 3/12/2015 | Q4 2014 | $0.11 | $0.14 | $149.20 million | $147.05 million | View | N/A | |
| 2/5/2015 | Q4 | $0.11 | $0.12 | $147.37 million | | View | N/A | |
| 10/27/2014 | Q314 | $0.11 | $0.11 | $151.70 million | $143.87 million | View | N/A | |
| 7/29/2014 | Q413 | $0.11 | $0.11 | $156.10 million | $145.84 million | View | N/A | |
| 4/24/2014 | Q313 | $0.10 | $0.08 | $150.13 million | $142.67 million | View | N/A | |
| 2/3/2014 | Q4 13 | $0.11 | $0.07 | $148.05 million | | View | N/A | |
| 10/23/2013 | Q3 13 | $0.09 | $0.09 | | | View | N/A | |
| 7/24/2013 | Q2 2013 | $0.09 | $0.08 | | | View | N/A | |
| 5/3/2013 | Q1 2013 | $0.09 | ($0.02) | $120.52 million | | View | N/A | |
(Data available from 1/1/2011 forward)
Earnings Estimates for First BanCorp. (NYSE:FBP)Current Year EPS Consensus Estimate: $0.48 EPS
Next Year EPS Consensus Estimate: $0.48 EPS
Dividend History for First BanCorp. (NYSE:FBP)
No dividend announcements for this company have been tracked by MarketBeat.com
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)| Transaction Date | Insider Name | Title | Buy/Sell | Number of Shares | Average Share Price | Total Transaction | Details |
|---|
| 8/7/2017 | Oaktree Fund Gp, Llc | Insider | Sell | 10,000,000 | $5.66 | $56,600,000.00 | |
| 5/2/2017 | Nayda Rivera | EVP | Sell | 26,081 | $6.05 | $157,790.05 | |
| 5/1/2017 | Gonzalez Orlando Berges | CFO | Sell | 50,000 | $6.02 | $301,000.00 | |
| 5/1/2017 | Lawrence Odell | EVP | Sell | 25,000 | $6.10 | $152,500.00 | |
| 12/5/2016 | Oaktree Fund Gp, Llc | Director | Sell | 10,350,000 | $5.36 | $55,476,000.00 | |
| 11/10/2016 | Nayda Rivera | EVP | Sell | 8,085 | $5.77 | $46,650.45 | |
| 8/8/2016 | Cassan Pancham | EVP | Sell | 5,000 | $4.62 | $23,100.00 | |
| 11/13/2015 | Ginoris Lopez-Lay | EVP | Sell | 10,000 | $3.88 | $38,800.00 | |
| 8/1/2014 | Cassan Pancham | EVP | Sell | 12,000 | $5.06 | $60,720.00 | |
| 9/13/2013 | H. Lee Advisors (Altern Thomas | major shareholder | Sell | 840,903 | $6.67 | $5,608,823.01 | |
| 9/13/2013 | Michael Harmon | Director | Sell | 840,904 | $6.67 | $5,608,829.68 | |
| 8/16/2013 | H. Lee Advisors (Altern Thomas | major shareholder | Sell | 8,000,000 | $6.67 | $53,360,000.00 | |
| 2/26/2013 | Robert Gormley | Director | Buy | 10,000 | $5.42 | $54,200.00 | |
| 8/16/2012 | Cortada Jose Menendez | Director | Buy | 5,000 | $3.75 | $18,750.00 | |
(Data available from 1/1/2013 forward)
Headline Trends for First BanCorp. (NYSE:FBP)
Latest Headlines for First BanCorp. (NYSE:FBP)
| Source: |
|
| Date | Headline |
|---|
 | First BanCorp. (FBP) to Release Quarterly Earnings on Monday
www.americanbankingnews.com - October 16 at 5:26 AM |
| Zacks Investment Research Lowers First BanCorp. (FBP) to Hold
www.americanbankingnews.com - October 13 at 8:52 PM |
| First BanCorp. (FBP) Stock Rating Upgraded by Zacks Investment Research
www.americanbankingnews.com - October 12 at 9:30 PM |
 | ETFs with exposure to First BanCorp (Puerto Rico) : October 10, 2017
finance.yahoo.com - October 10 at 4:18 PM |
| First BanCorp. Announces Termination of Written Agreement
finance.yahoo.com - October 5 at 5:45 PM |
| First BanCorp (Puerto Rico) :FBP-US: Earnings Analysis: Q2, 2017 By the Numbers : September 28, 2017
finance.yahoo.com - October 2 at 2:40 PM |
| ETFs with exposure to First BanCorp (Puerto Rico) : September 29, 2017
finance.yahoo.com - October 2 at 2:40 PM |
 | Cash demand soars in Puerto Rico after hurricane hit ATMs, card systems
www.reuters.com - September 29 at 2:27 PM |
| $0.12 Earnings Per Share Expected for First BanCorp. (FBP) This Quarter
www.americanbankingnews.com - September 19 at 2:28 PM |
| First BanCorp (Puerto Rico) – Value Analysis (NYSE:FBP) : August 21, 2017
finance.yahoo.com - August 23 at 12:08 AM |
| First BanCorp. (NYSE:FBP) Insider Sells $56,600,000.00 in Stock
www.americanbankingnews.com - August 9 at 7:34 PM |
| First 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 |
| First BanCorp. Announces that THL and Oaktree Price Secondary Offering of 20 Million Shares
finance.yahoo.com - August 3 at 3:33 PM |
 | First Bancorp. (FBP) Holders THL and Oaktree Commence Secondary Offering of 20M Shares
www.streetinsider.com - August 2 at 7:25 PM |
| Edited Transcript of FBP earnings conference call or presentation 28-Jul-17 2:00pm GMT
finance.yahoo.com - July 29 at 2:47 AM |
 | First BanCorp. Reveals 25% Increase In Q2 Profit
www.rttnews.com - July 28 at 4:46 PM |
 | First Bancorp's (FBP) CEO Aurelio Alemán-Bermudez on Q2 2017 Results - Earnings Call Transcript
seekingalpha.com - July 28 at 4:46 PM |
| Investor Network: First Bancorp to Host Earnings Call
finance.yahoo.com - July 28 at 4:46 PM |
| First BanCorp. Announces Earnings for the Quarter Ended June 30, 2017
finance.yahoo.com - July 28 at 4:46 PM |
| First BanCorp. (NYSE:FBP) Posts Quarterly Earnings Results, Beats Estimates By $0.02 EPS
www.americanbankingnews.com - July 28 at 2:53 PM |
| First BanCorp. (NYSE:FBP) Scheduled to Post Earnings on Monday
www.americanbankingnews.com - July 17 at 8:53 AM |
| First BanCorp to Announce 2Q 2017 Results and Hold Conference Call on July 28, 2017
finance.yahoo.com - July 12 at 7:17 PM |
 | Commit To Buy First Bancorp At $5, Earn 10% Annualized Using Options
www.nasdaq.com - June 16 at 9:02 PM |
 | How 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 |
| North Carolina bank merger as First Bancorp agrees to buy ASB Bancorp
seekingalpha.com - May 1 at 4:57 PM |
| First BanCorp's (FBP) CEO Aurelio Aleman on Q1 2017 Results - Earnings Call Transcript
seekingalpha.com - April 25 at 4:49 PM |
 | First Bancorp posts 1Q profit
marketbeat.com - April 25 at 7:28 AM |
| Macro Headwinds For First Bancorp Stiff, But Longer-Term Thesis Is Strong
seekingalpha.com - March 26 at 9:50 AM |
 | Research 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 |
| FIRST BANCORP /PR/ Files SEC form 10-K, Annual Report
biz.yahoo.com - March 16 at 6:30 PM |
 | First BanCorp. Announces Sale of PREPA Loan - Business Wire (press release)
www.businesswire.com - March 13 at 5:11 PM |
| Citi Starts First BanCorp (FBP) at Neutral - StreetInsider.com - StreetInsider.com
www.streetinsider.com - February 8 at 5:41 PM |
| Is First Bancorp (FBP) a Top Pick for Value Investors? - Nasdaq
www.nasdaq.com - February 8 at 4:21 AM |
 | First BanCorp. Announces Payment of Dividends on Preferred Stock
us.rd.yahoo.com - February 7 at 11:21 PM |
| Howard Marks's Oaktree Buys Texas Oil and Gas Company on Jump in Proved Reserves
us.rd.yahoo.com - February 7 at 6:20 PM |
| First Bancorp. (FBP) Reports 20M Common Stock Offering by ... - StreetInsider.com
www.streetinsider.com - February 1 at 10:48 PM |
| 7:06 am First Bancorp beats by $0.02
us.rd.yahoo.com - January 27 at 4:35 AM |
| First BanCorp. Q4 Earnings Rise 59%
www.nasdaq.com - January 26 at 11:34 PM |
| First BanCorp. Announces Earnings for the Quarter and Year Ended December 31, 2016
us.rd.yahoo.com - January 26 at 11:34 PM |
| Q4 2016 First Bancorp Earnings Release - Before Market Open
us.rd.yahoo.com - January 26 at 11:34 PM |
| First BanCorp's (FBP) CEO Aurelio Aleman on Q4 2016 Results - Earnings Call Transcript - Seeking Alpha
seekingalpha.com - January 26 at 6:33 PM |
| FIRST 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 |
| Republic First Bancorp beats by $0.01
seekingalpha.com - January 24 at 2:27 AM |
| Commit To Buy First Bancorp At $5, Earn 9.9% Annualized Using Options
www.nasdaq.com - January 20 at 6:26 PM |
First BanCorp. (FBP) Chart for Friday, October, 20, 2017
