First BanCorp. - FBP Stock Forecast, Price & News

1 Wall Street analysts have issued "buy," "hold," and "sell" ratings for First BanCorp. in the last year. There are currently 1 buy rating for the stock. The consensus among Wall Street analysts is that investors should "buy" FBP shares.
View FBP analyst ratings or view top-rated stocks.

1 Wall Street research analysts have issued 1 year target prices for First BanCorp.'s stock. Their FBP share price forecasts range from $16.00 to $17.00. On average, they expect the company's share price to reach $16.50 in the next year. This suggests a possible upside of 20.0% from the stock's current price.
View analysts price targets for FBP or view top-rated stocks among Wall Street analysts.

First BanCorp.'s stock was trading at $13.78 at the beginning of the year. Since then, FBP stock has decreased by 0.2% and is now trading at $13.75.
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First BanCorp. saw a drop in short interest in the month of November. As of November 15th, there was short interest totaling 5,520,000 shares, a drop of 17.6% from the October 31st total of 6,700,000 shares. Based on an average daily trading volume, of 1,440,000 shares, the short-interest ratio is currently 3.8 days. Approximately 3.1% of the company's stock are short sold.
View First BanCorp.'s Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Wednesday, January 25th 2023.
View our FBP earnings forecast.

First BanCorp. (NYSE:FBP) posted its quarterly earnings results on Tuesday, October, 25th. The bank reported $0.40 earnings per share for the quarter, topping the consensus estimate of $0.39 by $0.01. The bank had revenue of $239.60 million for the quarter, compared to the consensus estimate of $237.86 million. First BanCorp. had a net margin of 32.11% and a trailing twelve-month return on equity of 18.29%. First BanCorp.'s revenue for the quarter was up 11.6% on a year-over-year basis. During the same period in the previous year, the business posted $0.37 EPS.

First BanCorp. announced a quarterly dividend on Friday, October 28th. Investors of record on Friday, November 25th will be given a dividend of $0.12 per share on Friday, December 9th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 3.49%. The ex-dividend date of this dividend is Wednesday, November 23rd.
Read our dividend analysis for FBP.

First BanCorp. (NYSE:FBP) pays an annual dividend of $0.48 per share and currently has a dividend yield of 3.19%. The company 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 is 31.17%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, FBP will have a dividend payout ratio of 27.12% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for FBP.

17 employees have rated First BanCorp. Chief Executive Officer Aurelio Alemán on Glassdoor.com. Aurelio Alemán has an approval rating of 91% among the company's employees. This puts Aurelio Alemán in the top 30% of approval ratings compared to other CEOs of publicly-traded companies.

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 many different institutional and retail investors. Top institutional investors include BlackRock Inc. (15.01%), Vanguard Group Inc. (12.92%), Dimensional Fund Advisors LP (7.57%), Alliancebernstein L.P. (6.06%), State Street Corp (5.87%) and Bank of New York Mellon Corp (2.53%). Insiders that own company 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.
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Shares of FBP stock 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 $13.75.

First BanCorp. (NYSE:FBP) has a market capitalization of $2.54 billion and generates $915.87 million in revenue each year. The bank earns $281.02 million in net income (profit) each year or $1.54 on an earnings per share basis.

The company 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 the company is www.1firstbank.com. The bank can be reached via phone at (787) 729-8200, via email at john.pelling@firstbankpr.com, or via fax at 787-724-5040.